Financing underscores commitment to innovation in the evolving digital economy

LOS ANGELES, Dec. 3, 2024 /PRNewswire-PRWeb/ — TRJLA LLC (“TRJLA”), a privately-held real estate development company, is excited to announce the acceptance of cryptocurrency, including, but not limited to, Bitcoin, Ethereum, XRP, and Solana, for a transaction. This process can be accomplished through a direct wallet-to-wallet transaction or third-party service provider. Subject to the completion of due diligence, closing can be expedited in one day for an efficient process.

Joseph Chang, TRJLA Co-Founder & CFO stated, “This financing initiative underscores the commitment to innovation and provides flexible investment opportunities in the evolving digital economy. By integrating cryptocurrency into its investment processes, TRJLA moves to the forefront of a transformative shift in real estate finance.”

TRJLA invites cryptocurrency (and traditional cash) investors at the next vertical development phase, to complete advanced drawings and value engineering, for construction to commence in 2026. The stabilization of the project is perfectly timed to capitalize on the energy and economic uplift from the 2028 Summer Olympics in Los Angeles.

As we move forward with the fully-entitled 8-story, mixed-use project featuring 411 residential units and 17,140 square feet of commercial space, we see this project invigorating the community with vibrant living and shopping to foster economic tailwinds. It is strategically situated at the gateway of Downtown Los Angeles, with immediate access to 3 major freeways, Gold Line Station, and LA State Historic Park.

“We are excited to develop this large-scale podium project in Chinatown, which has tremendous need for new housing. The building provides generous amenities such as podium pool, pocket park with dog run, and rooftop gymnasium and deck, while anticipating future trends, such as micromobility and autonomous driving.”

With abundant natural light from two courtyards, multiple levels of lush greenery, and around 500 feet of street frontage for retail and outdoor seating, the modern design with enhanced colors and materials fits well with the neighborhood vibe.

In the future, Downtown Los Angeles is anticipated to experience a real estate development boom cycle from two major catalysts, the 2028 Summer Olympics (https://la28.org/) and the Los Angeles Aerial Rapid Transit gondola project (https://laart.la/) that proposes a Chinatown station.

About TRJLA

TRJLA LLC is a privately-held real estate development company based in Los Angeles, CA. The team consists of developers, architects, designers and lawyers with experience in residential, hospitality, office and retail developments. For additional information about the mixed-use project located at 717-759 N Hill Street, Los Angeles, CA 90012, please visit www.trjla.com.

Media Contact

Joseph Chang, TRJLA, 1 7029001548, [email protected], www.trjla.com

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WisdomTree, a global provider of financial products, has announced the launch of its latest cryptocurrency exchange-traded product (ETP). The WisdomTree Physical XRP ETP (XRPW) is listed on Deutsche Börse Xetra, the Swiss SIX Exchange, and the Euronext exchanges in Paris and Amsterdam with a management expense ratio of 0.50%, making it the lowest-cost ETP in Europe offering exposure to XRP.

The fund is designed to provide investors with a “simple, secure, and cost-efficient” way to gain exposure to the price of XRP. It is fully backed by XRP, “offering exposure to the spot price of XRP through an institutional-grade, physically backed structure.” Investors will also benefit from a dual custody model with regulated custodians and the underlying assets professionally secured in “cold storage.”

Regarding this cryptocurrency, the fund manager explains: “XRP is a native digital asset of the XRP Ledger (XRPL), a decentralized, permissionless, and open-source blockchain. XRPL uses a Proof-of-Association (PoA) consensus mechanism operated by universities, exchanges, businesses, and individuals to validate transactions. This system is more efficient than Proof-of-Work (PoW), as it requires less hardware resources and consumes less energy.

Created in 2012 specifically for payments, XRP can settle transactions on the ledger in 3-5 seconds and was designed to be a faster and more sustainable alternative to Bitcoin. XRP can be sent directly without a central intermediary, making it a convenient tool for bridging two different currencies quickly and efficiently. It is freely traded on the open market and is used in real-world applications to enable cross-border payments and microtransactions.”

Following this launch, Dovile Silenskyte, Head of Digital Asset Analysis at WisdomTree, suggests that with increasing risk appetite, exposure to altcoins like XRP could outperform a standard Bitcoin and Ether allocation. In her view, XRP can be considered alongside these megacaps in a multi-asset portfolio to reduce exposure to a single token. “Cryptocurrencies represent more than 1% of the market portfolio and should therefore be part of a comprehensive investment strategy. As an asset class with low correlation to traditional asset classes, cryptocurrencies can help increase diversification and potentially improve risk-adjusted returns in a multi-asset portfolio,” Silenskyte adds.

Meanwhile, Alexis Marinof, Head of Europe at WisdomTree, highlighted: “This new launch complements our existing range of physically backed cryptocurrency ETPs, offering investors another solution to enhance their multi-asset portfolios. Cryptocurrency ETPs are an effective way to keep investors within a regulated framework and are becoming the preferred vehicle for accessing cryptocurrencies. WisdomTree has 20 years of experience in providing and managing physically backed ETPs for institutional investors. With over $100 billion in assets under management globally across ETFs and ETPs, investors in our cryptocurrency ETPs can benefit from our global reach, scale, and resources.”