Latest news with #USH
Yahoo
21-03-2025
- Business
- Yahoo
VanEck Invests in DeFi Real Estate Platform Manifest
In a statement posted to social media platform X, General Partner at VanEck Ventures Wyatt Lonergan and Partner Juan Lopez announced the firm's investment in Manifest, a platform bringing American real estate into decentralized finance (DeFi). Manifest, which is 'launching soon' according to its website, offers a 'tokenized ETF' $USH (U.S. Housing) backed by home equity investments (HEIs). 'Manifest is actually pioneering a new kind of tokenization in our view by applying ETF-style diversification to U.S. real estate and packaging it as a smart contract available across public blockchains,' Lopez told 'Unlike conventional ETFs trading on legacy exchanges, $USH brings the benefits of blockchain—liquidity, programmability and global accessibility—to real estate exposure in a way that hasn't been done before.' What's most important about today's announcement for ETF investors is that there will soon be an option to invest in diversified U.S. real estate that is not tied to real estate investment trusts (REITs) or direct ownership, Manifest Founder and CEO Nathaniel Sokoll-Ward told He added that instead of using a product like the Vanguard Real Estate ETF (VNQ), where the assets are predominantly real estate rental businesses, investors will have 'the option to gain capital-efficient, direct exposure to the dominant real estate asset class in the country: owner-occupied single-family residential real estate equity.' 'Manifest's $USH represents a significant evolution beyond traditional real estate ETFs. By leveraging blockchain technology, $USH enhances liquidity, capital efficiency and tax advantages,' Sokoll-Ward said. 'Unlike publicly traded REIT ETFs—subject to stock market volatility, centralized management, limited trading hours and high fees—$USH is fully on-chain and backed by Home Equity Investments.' He added that this structure 'eliminates intermediaries, reduces fees, increases transparency and ensures that all assets are fully collateralized by real estate equity.' VanEck Ventures, which co-led Manifest's $2.5 million pre-seed funding round with Lattice Fund, was launched by the fund giant last October. The $30 million early-stage fund marked VanEck's expansion into venture capital and was created to invest in 'visionary founders operating at the intersection of fintech, digital assets and artificial intelligence.' 'Tokenized financial products like $USH represent the natural next step in asset management. They introduce 24/7 liquidity, seamless global settlement and accessibility, and direct programmability,' Lopez said. 'These are the features that bolstered growth in DeFi and stablecoins over the past few years, which traditional ETFs simply do not have. A developer can't easily access this type of asset and build a product that enables margin against it, for example. Now they can.'Permalink | © Copyright 2025 All rights reserved
Zawya
18-02-2025
- Business
- Zawya
Union Square House secures #3 position at Emaar Annual Brokers Awards 2024
Dubai, UAE – In a city where real estate is synonymous with ambition, Union Square House (USH) has once again cemented its position among the industry's elite, securing the #3 spot at the prestigious Emaar Annual Brokers Awards 2024. This marks our 13th consecutive year of recognition by Emaar Properties, the UAE's most influential developer, a testament to our relentless drive, expertise, and unwavering commitment to excellence. From the golden shores of Emaar Beachfront to the thriving communities of Emaar South, Emaar continues to shape Dubai's skyline with visionary developments that redefine luxury living. As the developer that consistently leads the UAE's real estate market in transactions, Emaar stands as a symbol of innovation and success. Union Square House has proudly played a pivotal role in this journey, contributing over AED 1 billion in transactions within Emaar's portfolio alone. This achievement underscores our influence in the market and the trust we've built with investors, homeowners, and developers alike. Fifteen years ago, USH began as a bold idea with just 8 employees and an ambitious vision. Today, we are a powerhouse with over 100+ licensed agents, driving some of Dubai's most significant real estate deals. In 2014, USH recorded AED 400 million in transactions—a milestone at the time. Fast forward to 2024, and we have surpassed AED 7.5 billion in transactions, a figure that speaks volumes about our industry dominance and the strength of our partnerships. Winning the Emaar award for 13 consecutive years is more than an accolade; it is a reflection of the trust and excellence that define Union Square House. Our success is built on market expertise, an unwavering commitment to client satisfaction, and an ability to foresee and adapt to the evolving landscape of Dubai's real estate market. Whether it's luxury beachfront living, thriving suburban communities, or future-forward urban developments, USH continues to be the bridge between vision and reality for thousands of buyers and investors. 'We are honored to maintain our legacy as a top brokerage for over a decade. We have grown with Dubai, evolved with its market, and played an integral role in shaping its real estate success story. EMAAR has been a pillar of support in our journey and this recognition by Emaar fuels our passion to push even further, setting new benchmarks in the industry. ' said Gaurav Aidasani, Founder and Managing Director of Union Square House. As Dubai's real estate market continues to flourish, Union Square House remains at the forefront, connecting people to their dream properties and driving multi-billion investments that shape the future of this city. USH is not just part of Dubai's real estate success—we are helping write its next chapter. Union Square House Real Estate Brokers info@
