CNBC Property Play brings you interviews with some of the biggest names in real estate, touching on everything from commercial and residential to finance, the mortgage market, industry innovation and the growing risks to assets and operations from climate change.
CNBC’s Diana Orrick speaks with Tony Giordano, a luxury real estate broker and crypto pioneer. Giordano details how blockchain can reduce closing costs by up to 75%, why transferable mortgage bonds allow investors to move into new properties at lower interest rates, how tokenization will open up U.S. commercial real estate to foreign capital, and why he predicts the entire industry will be run on blockchain within 10 years.
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