“Capital formation is the killer app of blockchains, but a lot of investors and institutions are waiting on the sidelines for asset-backed securities like real estate, private investment funds and fine art to be tokenized before jumping in,” said Napoleon Ta, partner at Founders Fund... Blockchain provides transformative technology that will unlock liquidity for traditionally illiquid assets. By reducing trade frictions and making it far easier for buyers and sellers to find each other, tokenization can help erase the estimated 20–30 percent illiquidity discount common to many traditional private securities1. For example, real estate assets including real estate funds, private REITs, land, and building ownership will have improved efficiency, transparency, liquidity and fractional ownership possibilities.

https://medium.com/harborhq/harbor-raises-28m-to-reengineer-private-securities-for-blockchains-bbc120bfabd3