Propbase Launches Cassia Token Claiming Following Rapid Sell-Out

Propbase has officially launched token claims for Cassia, its second tokenized real estate asset developed in partnership with the Banyan Group. The announcement follows a rapid sell-out of the property’s tokens in under 27 hours, with nearly 60% acquired by Platinum members within the first hour.

Cassia Tokens Now Available on Aptos

Investors who secured Cassia tokens can now claim them through the Propbase platform, gaining fractional ownership of the Southeast Asian real estate asset. The tokens, issued on the Aptos blockchain, offer multiple investment options:

• Staking for Rental Yield: Investors can stake tokens to earn daily rental income, distributed via smart contracts.
• Peer-to-Peer Trading: Token holders can list and sell Cassia tokens on the Propbase P2P marketplace for liquidity.
• Secondary Market Access: Investors who missed the initial sale can purchase additional tokens from other holders.
• Portfolio Customization: Investors have the flexibility to stake, sell, or accumulate more tokens based on their financial goals.

Liquidity Providing Feature on the Horizon

Propbase has also announced an upcoming liquidity providing feature, initially available to select community members and the team before expanding platform-wide. This will enable users to provide liquidity in exchange for fees, adding further utility to tokenized real estate investments.

Cassia represents Propbase’s ongoing efforts to democratize real estate investment, making luxury property ownership accessible with fractionalized shares starting at $100.

Community Reaction

• @cryptoserenityy: “Great news, and the liquidity providing option will be great $PROPS.”
• @nahawin: “$PROPS continues to surprise me, congratulations to the team!”