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Crypto to Crib: BitPay Ventures Into REIT Through First Crypto Real Estate Offering With NLI

NOYACK Logistics Income (NLI), a real estate investment trust (REIT) investing in supply chain real estate, is now to accept cryptocurrency payments for shares thanks to its partnership with BitPay.

NLI is to now enable investors to fund their commitment with Bitcoin (BTC), Bitcoin Cash (BCH), Dogecoin (DOGE), Ethereum (ETH), Litecoin (LTC), Shiba Inu (SHIB), Wrapped Bitcoin (WBTC) and five USD-pegged stablecoins (BUSD, DAI, GUSD, USDC, and USDP).

NLI, partnering with BitPay, is the first REIT that enables investors to convert crypto into real estate.

This is also the first time that BitPay, a crypto payment service provider, has partnered with a REIT; making it one of the first alternative investment offerings to enable investors to convert digital cryptocurrency into ownership of a hard asset.

“This partnership as an essential way to connect with today’s investors to include investment real estate and cryptocurrency in their retirement accounts,” observes CJ Follini, CEO of NOYACK Capital.

In a major turn for structured commercial real estate investment, NOYACK’s BitPay payment integration will allow Investors to divide investment between crypto and traditional currency.

Stephen Pair, CEO of BitPay
Stephen Pair

“This is another example of moving crypto mainstream. We see more investors asking to move cryptocurrency allocations into physical assets like real estate. This ability puts Noyack at the forefront of alternative investment management,” said Stephen Pair, CEO of BitPay.

“The market potential for crypto adoption bridging into the physical world is huge. We estimate $55billion in purchases and investments using cryptocurrency in the next 12 months.”

Using NOYACK’s proprietary analytics and market research, NLI will identify properties serving emerging needs for climate-controlled storage, autonomous vehicle infrastructure, same-day delivery and other rapidly evolving uses.

Author

  • Tyler is a fintech journalist with specific interests in online banking and emerging AI technologies. He began his career writing with a plethora of national and international publications.

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