The blockchain project Lumia is planning to tokenize two towers in Istanbul valued at over $220 million using Polygon's technology. Lumia aims to reshape real estate tokenization and enhance cross-chain interoperability for digital assets. The project plans to tokenize $1 billion in assets by the end of the year and is positioning itself as a player in the real-world asset (RWA) space. By tokenizing real estate, Lumia aims to make investment opportunities more accessible to a broader range of participants. The project utilizes Polygon's CDK for scalability and enhanced data availability and has integrated with Agglayer for low-latency operations and shared liquidity. Lumia is also working with governments and private organizations to develop legal frameworks and establish a global standard for RWA tokenization. The project's collaboration with Sen Group aims to integrate DeFi with traditional asset markets, allowing fractional ownership and increasing liquidity. With the projected growth of the RWA market, Lumia aims to leverage Polygon's technology to play a significant role in this expansion.



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