real world entities (RWA) attracted attention by coming to the fore again after BlackRock’s interest. In this context, UBXS, a Real Estate token, increased by 300% in a week with allegedly corporate moves.
UBXS, as a utility token developed by Web3 company Bixos and part of a RWA project specializing in Real Estate. The company aims to connect the physical and virtual worlds through blockchain technology.
As Koinfinans.com reported, Real Estate property owners can use Bixos and make NFTs to tokenize their real-world assets. The company promises fee discounts and other benefits to investors using the UBXS token.
Michaël van de Poppe, CEO and founder of MN Trading, shared his support for the token in January 2024. The price of UBXS, one of the real-world assets, rose more than 400% following this development, as reported by investors waiting for a “bottom”.
#RWA in Real Estate is one of the segments which I’m personally interested in.
I’ve tweeted about $UBXS, which has rallied by 400% since. They sold their first property.
NEWS CONTINUES BELOWI’d be interested in buying the dips on this one, expecting a higher market capitalization. pic.twitter.com/4tR3NC4sBw
— Michaël van de Poppe (@CryptoMichNL) March 26, 2024
However, the Real-world assets token’s most significant increase occurred in the last seven days, with a 300% gain. Van de Poppe attributes this success to Bixos’ first property sale.
Bixos’s X account attracted attention with its tweet stating that there were 100,020 UBXS in BlackRock’s tokenization fund account.
However, the financial giant did not confirm its ownership of this address and did not disclose any investment in UBXS by press time. It is important to note that anyone can send tokens to any address without a prior request from the owner. Because many fake projects have previously claimed to have received companies’ tokens using this method.
