Real estate tokens have continued to post a positive performance for investors, gaining an average of 4.27% during April while top securities tokens suffered losses for the month.
April also saw the combined trading activity for security tokens plummet by 38%.
Real estate tokens post April price gains
Trade activity for the property on Appoline St almost doubled to post nearly $25,800 alongside a price gain of 1.37%, while Patton’s st increased almost 50% to $10,600 with a 1.81% price gain. Lesure St’s volume upped 38% to $6,042 with a price gain of 1.75%.
Despite trade activity falling, tokens for homes on Fullerton Ave, Auboden St, and Marlowe St posted price gains of 8.74%, 7.19%, and 4.78% respectively.
With the property tokens also paying double-digit interest annually, the report estimates that “the return for investors is closer to 6% in just the month of April” on average across the sector.
tZERO trade drops by half
The losses suffered across the security token sector were broadly driven by a 16.5% drop in the price of tZERO — which represents 43% of the total industry capitalization.
Trade volume for tZERO fell by more than half, with roughly $125,500 changing hands during April.
The market’s poor performance comes ahead of the distribution of Overstock’s May 19 digital dividend to shareholders — which will see OSTKO security tokens distributed to on a basis of one token for every ten shares in Overstock held by investors.
Overstock wants traditional stocks on tZERO
The company also revealed that tZERO’s user base had grown 40% over the previous quarter, with 6,404 accounts active on the platform by April.