Introduces more tradable indexes for significant US cities like Austin, Chicago, Seattle, and Boston

Due to Parcl’s market development, more investors will have access to Real World Asset (RWA) Indexes, which provide exposure to real estate values.

Austin, Texas, has been added to Parcl’s ever-expanding list of tradable city indexes, the leading blockchain-powered real estate trading platform, which made the announcement today. Along with Austin, Parcl has recently introduced indexes for Boston, Atlanta, Philadelphia, Chicago, Seattle, Denver, Portland, and Washington, D.C., doubling the market pool available to investors.

By providing access to in-demand cities like New York, Los Angeles, and Miami, Parcl makes it feasible to invest in the residential real estate market of an entire city. To increase access and portfolio diversification potential for traders worldwide, Parcl combines real estate and DeFi.

The addition of Austin, one of the housing markets in the United States with the quickest rate of growth, demonstrates Parcl’s dedication to offering traders a wide range of high-potential areas. This advances Parcl’s goal of expanding access to real estate investing globally and gives investors more access to 16 vibrant trading marketplaces.

“Real estate is the largest asset class in the world – the largest investment many people will make in their lives. It’s also the market that has the lowest liquidity and the highest barriers to entry,” said Trevor Bacon, Parcl CEO and co-founder. “Integrating these high-demand markets signifies Parcl’s dedication to continuous growth, providing traders access to diverse and burgeoning markets.”

Parcl is a platform that enables real-world real estate exchanges in real-time and is built on the Solana blockchain, a platform made for decentralized, scalable applications. The platform’s explosive growth since its February introduction underscores the market’s urgent demand for real estate investing innovation.

“Austin’s integration provides traders with another dynamic real estate market to diversify their portfolio,” Bacon said. “This move is consistent with Parcl’s goal to enhance market access and user engagement, as evidenced by all-time highs in user activity, open interest, and trading volume on the decentralized trading application.”

More North American cities will be added in the near future, and then world cities will do the same. The highlighted market expansion of Parcl demonstrates its commitment to its main objective of making real estate investing available to everyone, everywhere, and advances its goal of becoming the most straightforward platform for international real estate trade.

With high liquidity, cheap transaction costs, and no minimum investment requirements, Parcl is built with features that appeal to contemporary investors. Real estate indices can now be traded by investors with the same ease as Bitcoin, Ethereum, or other cryptocurrencies.