About

RACE™ brings to you the power of the community


We are building a collaborative digital momentum of moving real estate investments online. We want people to be self-sufficient, to actually be in control of what we want and advance exponentially towards our endeavours.



Why Tokenize Assets?


Unlock trillions of dollars in traditional illiquid assets. With blockchain-enabled disintermediation, we cut out unnecessary paperwork, middlemen with reduced processing time.

Faster and Simpler Settlement

Faster and Simpler Settlement

Digitization and blockchain technology makes the entire dealing process faster and secure. There is less capital lock up, more profits and a bypass across traditional choke points.

Transactional Fees

Lower
Transactional Fees

We significantly reduce cost of transactions that would otherwise hinder or discourage change of ownership and profit reduction.

Fractionalisation

Fractionalisation

Access to institutional grade products that often carry higher return on investment is now made available at a lower price to entry.

Liquidity

Higher
Liquidity

Assets at a fraction of the initial cost and commitment plus a constantly open market mean increased affordability, driving token trading volume.

Transparent and Anti-Fraud System

Transparent and Anti-Fraud System

Falsify transparent transaction information on the blockchain is virtually impossible.

Platform Features


Asset Tokenization and Issuance

Asset Tokenization and Issuance

Asset Management

Asset Management

RACE™ Token Asset Exchange

RACE™ Token Asset Exchange

Asset Trading

Asset Trading

Media

Press Release

Articles and Blogs

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Global CRE in COVID-19: Tiding through with Rescue Capital for the Real Estate Market

Already, companies of different scales are succumbing to the effects of the coronavirus. Even global banks face an estimated combined loan losses of $2.1 trillion by the end of 2021 Read more

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Here’s Why You Could and Should Own Real Estate Assets - Anywhere in the World

The real estate investment industry is facing an impetus for total reinvention, being caused by massive technological innovation worldwide. The global real estate universe has seen Read more

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Will Technology Reinvent An Archaic Real Estate Investment Industry?

It is the perennial question: which assets should investors put their faith in, that will best generate safe and stable wealth for retirement and the next generation? First world Read more

RACE™ (Real Assets Community Economy) Announces a Digital Assets and Real Estate Platform



To Develop a Decentralized Protocol to Facilitate Secure Cross-Border Investments for Investors, Asset Owners and Property Developers in a Post-COVID-19 World


RACE™ (Real Assets Community Economy), a digital real estate ecosystem to facilitate asset and real estate capital transactions for Owners and Developers

RACE™ plans to provide investors access to institutional-grade assets while adhering to local and international regulations, and global security standards.

RACE™ expects to facilitate timely rescue capital and private debt to Asset Owners, Developers, and Businesses.

London, U.K. - November 5th, 2020 - With The United States hitting an all-time high of 99,321 new coronavirus cases on Oct. 30, surpassing the previous high-water mark, and cases rising rapidly again in parts of Europe, it seems to be a foregone conclusion that technology will continue to play an accelerating and almost irreversible adoption in all aspects of domestic and cross-border transactions. Additionally, prolonged socioeconomic disturbances have undoubtedly affected some sectors within the global real estate market quite negatively. As an example, barring certain niche hotels, the overall hotel sector as an example may soon be faced with an unprecedented wave of distressed properties that were doing well prior to the outbreak. The retail real estate sector will only accelerate its slide with new asset closures. Thus, repurposing these above-affected assets to new uses will be the mantra of 2021 and 2022.


Rescue Capital and Private Debt on the RACE™ Ecosystem
The reduction in population mobility worldwide due to COVID-19 has led to fewer or no patrons in retail shops, thus leading to the unstable financial health of tenants of many commercial properties and, consequently, their landlords. Thus, many commercial property owners and hotels are gradually being incapacitated as their reserves run out and are unable to pay their monthly mortgage payments to their lenders. These property owners thus need critical rescue capital to survive. These owners' immediate reaction is to mitigate losses and reduce risk exposure caused by "indirect impacts of slower economic growth and financial market volatility" (S&P Global, 2020)1. Private debt allows distressed property owners to refinance their loans and to explore asset-backed property loans, which could be the solution to keeping their properties in this environment. Since 2008, private debt has always been a more attractive investment asset compared to public debt due to the former's higher annual returns (McKinsey, 2019)2. Now, the extended low-interest environment is expected to further open up investors' appetites and, consequently, turn them towards private debt. Investors' interests are expected to help supplement the demand for private debt.


The RACE™ Protocol
RACE™ plans to facilitate secure cross-border transactions on its platform to cushion the impending economic impacts by providing timely rescue capital and private debt to owners and developers of real estate and commercial assets. The platform aims to accomplish this by allowing qualified investors to buy into rescue capital private debt opportunities, thus supporting stressed commercial property owners and business owners in a timely fashion. Making private debt financing available on the platform to qualified users is expected to connect demand and supply directly, and more efficiently across the globe, relieving global economic implications of the virus. To further relieve stressed property owners, specialized compliant instruments are expected to be made available on RACE™, with functionally akin to Optionally Convertible Debentures (OCD). The platform is expected to provide an avenue by which commercial property owners can have access to rescue capital and private debt. RACE™ is expected to smoothen capital flows between owners and general partners, and, concurrently, between investors and limited partners. RACE™ intends to use the latest technologies such as AI and blockchain to build software that enables cap table automation and other key features.


In the current buyer's market, demand is still apparent (Forbes, 2020)3 as investors' interest remains high for stressed assets (Savills, 2020)4. While the concerns of recovering from the economic downturn are valid, real estate assets remain attractive due to its stability and less risk in the long term, both of which are crucial factors in such an economy. The high demand for stressed real estate now also echoes the overarching trend from previous crises that increased allocations to real estate investment assets can be expected (JLL, 2020)5.


RACE™ is being designed to fulfill market needs as a secure and reliable decentralized platform and RACE™ Protocol Pursuant to and in compliance with applicable regulations and jurisdictional restrictions, it aims to facilitate seamless long-distance investments and create more efficient transactions over time. These are accomplished through direct deal processes between stakeholders in a global community, effecting reduced layers and friction costs. Through the planned integration of novel technologies such as blockchain technology, combined with Web 3.0 and machine learning technologies, the platform's vision is to disintermediate the existing real assets and real estate finance ecosystem. Instead of having many layers of processes and friction, the platform plans to enable developers' listing projects for consideration by community-vetting and allows the global community access to institutional-grade investment projects, subject to proper regulatory compliance. The dependable and secure transactions that are soon to be enabled on the RACE™ Platform are expected to support general partners and owners of commercial property amidst the pandemic period and beyond.


The RACE™ platform aims to be focused on the growth of the entire community, from investors and real estate developers to service providers such as accountants, brokers, and custodians. The ecosystem plans to provide ease of investments, deal transparency, reduction of layers and friction costs, and a sheer collaborative digital momentum of moving investments online.


Fintech, proptech and online wealth management have been growing and evolving at a rapid pace even before COVID-19, and now the virus has given additional impetus to accelerate digital transformation, even in the most conservative of industries.


RACE™ is expected to release its whitepaper later this year. For more information, please reach out to pr@raceconomy.com or go to http://www.raceconomy.com.


Media Contacts:

Jeremy Khoo – Email: pr@raceconomy.com

Saurabh Rai – Email: pr@raceconomy.com


References

1 S&P Global (2020, April 3). The Commercial Real Estate CRE Sector Feels the Impact of the Coronavirus. Retrieved from https://www.spglobal.com/marketintelligence/en/news-insights/blog/the-commercial-real-estate-cre-sector-feels-the-impact-of-the-coronavirus

2 McKinsey (2019). Private markets come of age, P.12. Retrieved from https://www.mckinsey.com/~/media/McKinsey/Industries/Private%20Equity%20and%20Principal%20Investors/Our%20Insights/Private%20markets%20come%20of%20age/Private-markets-come-of-age-McKinsey-Global-Private-Markets-Review-2019-vF.ashx

3 Forbes (2020, May 18). New Study Explores How Coronavirus Has Impacted Buyers In the Real Estate Market. Retrieved from https://www.forbes.com/sites/taramastroeni/2020/05/18/new-study-explores-how-coronavirus-has-impacted-buyers-in-the-real-estate-market/#55af23302119

4 Savills (2020, April). Real Estate Outlook: In View of Covid-19, P.10. Retrieved from https://pdf.savills.asia/asia-pacific-research/singapore-research/corona-virus-publication-final.pdf

5 JLL (2020, April 19). COVID-19: Global Real Estate Implications. Retrieved from https://www.us.jll.com/en/trends-and-insights/research/covid-19-global-real-estate-implications

Team


Jeremy Khoo

Jeremy Khoo  

Suzanne Jones

Suzanne Jones  

Alan Bell

Alan Bell  

Dr. Sampat Shivangi

Dr. Sampat Shivangi  

Dr. Binod K. Sinha

Dr. Binod K. Sinha  

Hari Eppanapally

Hari Eppanapally  

Michael Cordone

Michael Cordone  

Nir Goldberg

Nir Goldberg  

Sreenivas Tanikella

Sreenivas Tanikella  

Krisanth Sivarajh

Krisanth Sivarajh  

Investors

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Name Here

Chief Executive Officer



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Suresh Nichani



Nichani is CEO of RootCorp and Director of Nichani Investments, which is a part of the Nichani Group, a 70-year-old organization with holdings in Real Estate, Information Technology, Equities, and Motion Picture finance and distribution. Nichani graduated from the Owner/ President Management Program at the Harvard Business School and holds an M.S. in computer science from the University of Cincinnati. He founded Exinom Technologies, one of the leading systems integrators of business intelligence and data analysis solutions in the Northeastern United States. As President and CEO, Nichani led his technology company to be named by INC Magazine in the INC 500 List as one of the fastest growing companies in North America for two consecutive years in 2001 and 2002. Exinom Technologies was subsequently acquired by NEC Solutions America to merge with Niteo Partners, of which Nichani was named Chief Operating Officer. Since then, Nichani has led a number of real estate acquisitions with a focus on residential, commercial, and land properties in the United States and India.

Peter Cornelius, PhD



Dr. Cornelius is a private equity investor. Prior to joining the private equity industry, he served as Royal Dutch Shell’s Group Chief Economist. Previously, he was chief economist and Director of the World Economic Forum’s Global Competitiveness Program, head of international economic research at Deutsche Bank, and a senior economist with the International Monetary Fund. Dr. Cornelius has been a Visiting Lecturer at Cornell Tech, a Visiting Scholar at Harvard University, and an Adjunct Professor at Brandeis University’s International Business School. He serves on the Board of Directors of the BTI Institute at Cornell University as well as on the advisory boards of the Private Capital Research Institute at Harvard Business School and the Institute of Private Capital at UNC Chapel Hill.

Saurabh Rai



Saurabh Rai is the Executive Vice President at Preferred Hotels & Resorts, spearheading the company’s business in the eastern hemisphere, based in Dubai, UAE. He has augmented the group’s presence to a multifold expansion, currently overseeing about a quarter of company’s global portfolio. Ranked among the "Power 100 - Top 100 most influential people in the hospitality industry” and nominated for “Forbes 40 under 40”, he has been directly responsible for developing and consolidating strategic business partnerships with several iconic global hospitality brands. A dynamic leader with a deep understanding of global business environment. Keen and strategic thinker with a proven record in Asset Valuation, Deal Structuring, P&L Maximization, Business Development, Hotel Operations and Marketing. Led businesses in mature and emerging markets, with an ability to inspire large multicultural and cross functional teams with diverse skill sets. A passionate father & husband, and a high energy service industry professional. Connoisseur of luxury experiences, traveled across over 50 countries and counting. Alumnus of the Harvard Business School and a member of YPO.

Krisanth Sivarajh



Krisanth Sivarajh, a Master’s graduate from New York University joined RealAssets’s team as the Project Manager. Sivarajh has an outstanding track record of achievement directly to his ability to provide oversight and leadership, create strategies, plans, operational concepts and initiatives, and direct and coordinate multi-faceted functions. Sivarajh has had repeated success revitalizing operations and establishing highly productive environments through business operation improvement projects. Sivarajh has worked as an Operations Lead at New York University, and as an Analyst at Amazon.

Jeremy Khoo



Jeremy Khoo is an international business operator, founder and blockchain entrepreneur who has successfully exited 3 venture funded companies. He is currently of Asia Focus Group and Group CEO of iFashion - a leading regional retail enabler and conglomerate. Under his leadership, iFashion and its subsidiaries have raised multiple investment rounds from venture capitalists up to Series B. iFashion was acquired by MC Payment for $23 million in 2018. Asia Focus Group is an investment holding group with an investment portfolio of technology ventures. Jeremy was a Partner and Principal Consultant in Novum Capital, which has accelerated and invested in many high profile companies that went on to sell more than USD 100M in tokens. Jeremy is also Managing Partner in CRC Capital, which invests into early stage blockchain innovation. Jeremy co-founded retail blockchain MegaX as well as Crypto-E-Commerce store Megaxstore which is spearheading cryptocurrency mass adoption. He also spends his time advising and building more than 40 exciting blockchain projects such as Consentium, Spiking, Vodi, Beowulfchain and W Pay. Jeremy is involved in blockchain development as a speaker, educator and investor. Jeremy obtained his Bachelor's Degree in Mechanical Engineering from the Nanyang Technological University of Singapore and also received the prestigious Sword of Honour during Officer Commissioning from the Republic of Singapore Air Force.

Shankar Iyer



Iyer is an experienced entrepreneur who has founded, built and led multiple global companies in the technology, financial services, real estate and hospitality segments. Over his three decades of experience as an entrepreneur, Iyer has consistently led his companies to high profits, exceptional liquidity and successful IPOs. As the founder of VITEOS, he built an asset management company that combines advanced technology and consultative client services to create a leader in hedge fund and private fund servicing. VITEOS’ offering provides the scalability and flexibility funds need to add clients, gather new assets, develop winning strategies and enter new markets. VITEOS was recently acquired by Intertrust in the Netherlands for about $300 Million. Prior to founding VITEOS, Iyer was the CEO & President of Silverline, a $120 Million technology company he successfully guided from start-up to public offering. Silverline was the first Indian IT company to be listed on the NYSE. Iyer has both a Bachelor’s degree in science and solid state electronics and a Master’s in Business from the University of Mumbai and is residing in New York City at present.

David Lynd



Lynd received his Bachelors in Administration from Southern Methodist University and holds a CPM designation from the Institute of Real Estate Management, as well as the CAPS designation from the National Apartment Association. As co-founder of acquisition company Lynd Residential Properties, he has led joint ventures into both commercial management and the hospitality sector. In 2009, the BC LYND Company was established. As one of its founders, Lynd created a hospitality group which currently operates 12 luxury hotels. He also co-founded LYND Development Partners who earned the prestigious “High-Rise of the Year” award from Multifamily Executive for their development project EnV in Chicago.


In his new role as CEO for LYND Opportunity Partners in 2016, Lynd leads a very skilled investment team that searches for and invests in opportunistic real estate transactions throughout the United States. LYND Opportunity Partners also serves as the investment advisor to American Veterans Housing Corp. This is a non-profit organization that focuses on providing Veterans with affordable housing. In addition to his role as CEO, Lynd has committed 19 years to his real estate career. He has a vast understanding of all operational tasks needed to manage and operate real estate successfully.

Suzanne Jones



Jones joined NorthMarq in 2008 and specializes in the origination of Debt, Joint Venture and Structured Finance. She is the recipient of NorthMarq's Associate Producer of the Year Award in 2014 and has served on the Producers Council every year since, an appointment reserved for Producers in the top 10%, company-wide. In November 2015, she was named Real Estate Forum's Women of Influence in the Southwest. Jones has over 19 years of domestic and international commercial real estate finance experience. She was involved in the financial underwriting of the World Trade Center in New York for GMACCM in 2001. Jones has underwritten over $1.4 billion in conduit loans for properties in Europe and over $2.5 billion in debt and equity in the United States. Jones is a founding member of Real Estate Network Empowering Women (RENEW) Inc., a new commercial real estate finance organization targeting women in finance with more than 250 members located in 16 states. She continues to serve on the board for RENEW and is also a member of The Real Estate Council.

Harikishan Eppanapally



Eppanapally is a financial services professional, an entrepreneur and a philanthropist with a passion for education, healthcare and the environment. His lifelong mission has been to transform and establish a peaceful society for harmonious living. With over 30 years of diverse experience and as a financial services professional, Eppanapally has been involved in directing and managing major high visibility, global initiatives in the financial services industry. He is an entrepreneur and invested in several disruptive technology companies. He is a visionary, passionate about giving back to the society, founder of few NGOs and serves on several boards.

Alan Bell



Bell has been active in the Residential and Mixed Use Property and Hospitality Development sector for 27 years, and his professional experience now covers a wide range of activities, including project development management, transactions, sales & marketing, market research, feasibility analysis, real estate project finance appraisals, conducting due diligence on potential new projects and strategic master planning consulting. Over the past 15 years whilst based in London, Bell has been involved in large-scale projects internationally, covering Montenegro, the Caribbean, Spain, France, Dubaim Argentina and India.

Dr. Sampat Shivangi



Dr. Shivangi is an Indian born American Physician, and president of Indian American Forum for Political education. He has been serving the Board for the Department of Mental Health in Mississippi for several years, and served as the Advisor to the US Secretary of Health and Human Services from 2005 to 2008. Dr. Shivangi has been honored for his role as adviser to the United States Department of Health and Human Services in the George W. Bush administration and chairmanship of Mississippi State Board of Mental Health. Dr. Shivangi also served as a house delegate in American Medical Association Chicago, IL.


Dr. Sampat Shivangi was awarded one of the highest civilian honor, Pravasi Bharatiya Diwas Sanman award for the year of 2016 on January 9, 2017 in Bengaluru, by the Hon.President of India, Shri Pranab Mukherjee. He was also awarded an Ellis Island medal of Honor in New York in 2008. Dr. Sampat Shivangi completed his Doctor of Medicine (MD) in Ob-Gyn and moved to the United States in 1976. Later, he completed a fellowship from Washington University School of Medicine, St. Louis, Missouri. He is the founding president of the American Association of Physicians of Indian origin in Mississippi and is the past president and chair of the India Association of Mississippi. He earlier served on the Mississippi State Board of Health. He joined Executive Advisory Board of the Washington, DC-based think tank International Leaders Summit.


He is involved in many philanthropic activities serving with Blind foundation of Mississippi, Diabetic, Cancer and Heart Associations of America. Dr. Shivangi has number of philanthropic work in India including Primary & middle schools, Cuturral Center, IMA Centers that he opened and he brought the first ever US Congressional grant to AAPI to study Diabetes Mellitus amongst Indian Americans.

Dr. Binod K. Sinha



Dr. Sinha, MD is a board-certified urologist in Edison, New Jersey. He is the president of the New Jersey Chapter of American Association of Physicians of Indian Origin. He is affiliated with Saint Peter's University Hospital, Robert Wood Johnson University Hospital, and University Medical Center of Princeton at Plainsboro. He received his medical degree from Patna Medical College and has been in practice for more than 20 years.

Michael Cordone



Cordone is the current owner and co-founder of GoldCor Capital Partners, a boutique real estate investment corporation focused solely on the investment in operationally mismanaged value-add multi-family assets. With 10 years of real estate investment and management experience, he has overseen acquisitions, due-diligence, operations, and dispositions across multiple asset types. Cordone is responsible for strategically executing business plans for over 80+ properties, 21K+ multi-family units, $2B+ in value, spread throughout Texas, Arizona, Tennessee, Alabama, Georgia, North Carolina, South Carolina, and Florida. Additionally, he holds significant real estate investment and management positions in Master Plan Communities, Office, Industrial, Retail, Student Housing and Senior Living.


Cordone earned his Bachelor of Science in Business Administration with an emphasis in Finance from the Leeds School of Business, University of Colorado in Boulder.

Nir Goldberg



Goldberg is a Managing Partner of GoldCor Capital Partners, a boutique real estate investment corporation focused solely on the investment in operationally mismanaged value-add multi-family assets. Goldberg has more than 10 years of experience in ownership and management of multi-family communities. He has held leadership roles for more than 30K multi-family units valued over $3B. His expertise is in value-add multi-family operations, investor relations, and multi-family transactions. Goldberg has thorough understanding of and experience in each phase in an asset’s life cycle. He has a broad Asset Management experience spanning from Class A+ luxury lease-ups to Class D value-add apartments.


Goldberg earned his Bachelor of Science in Computer Science from the University of Texas at Austin and a Master in Business Administration from the University of North Carolina at Chapel Hill, concentrating in Real Estate and Corporate Finance.

Sreenivas Tanikella



Tanikella received his M.B.A. from Florida Institute of Technology. He has vast experience establishing strategic relationships with business partners, family offices and ultra-high net worth individuals.

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Whitepaper


Our whitepaper is ready for instituitional Investors. RACE has a legal opinion ready from a top tier Singapore based law firm. Please fill out the form below and send us your information, we are happy to send you a secure link to our 52-page whitepaper within 24 hours along with the legal opinion.



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Legal Disclaimer



This whitepaper describes the initial offering through which the RACE™ Token (RACE™) is to be sold. RACE™ is a crypto token that is designed to be used for all services provided by this RACE™ platform and RACE™’s existing exchange platforms, as explained in this whitepaper. RACE™ can also be used as a crypto token to pay for any other services provided by other business entities. RACE™ will generally not limit the usage of RACE™ or the types of business entities that would like to use RACE™ for their business.


RACE™ token is not intended to constitute a security in any jurisdiction.


Please note that purchases of RACE™ tokens are final and non-refundable. Individuals, businesses, and other organizations should carefully weigh the risks, costs, and benefits of acquiring RACE™ tokens.