220 million dollar Lumia Towers tokenization project announced in Davos

Lumia Foundation and Sen Group have officially commenced construction and tokenization of the highly anticipated Lumia Towers, the first project under their landmark $1 billion real estate tokenization agreement. Valued at $220 million, the twin towers will redefine modern urban living by integrating luxurious residential spaces with Turkey’s first dedicated crypto hub.

Located in Istanbul, Turkey, the Lumia Towers project symbolizes a powerful collaboration between Lumia Foundation, created by US-based visionaries Kal and Yanush Ali, and Sen Group, developing sustainable and safe residential spaces in Turkey.

A Vision Introduced in Davos

At the World Economic Forum in Davos, Lumia Foundation’s Chief Product Officer Diego Grassano and Chief Blockchain Architect Deniz Dalkilic presented the Lumia Towers project and the broader tokenization initiative. Their presentation emphasized how blockchain technology can revolutionize real estate markets and empower global investors.

“This is our debut at both Webit and Davos, and we’re honored to be here at the invitation of our partner, Binance, who have been instrumental in supporting Lumia as the only full-cycle RWA chain,” said Yanush Ali, co-founder of Lumia Foundation. “Events like these shape global industry trends, and asset tokenization is set to be a major focus for 2025. That’s why we chose the World Economic Forum as the platform to announce our groundbreaking $220 million twin skyscraper development in Istanbul. This project isn’t just a milestone for us—it’s a statement. We’re tokenizing the entire project, creating Turkey’s first Crypto hub, and setting the standard for innovation in real estate and blockchain.”

Diego Grassano, reflecting on the project’s innovation, remarked:

“With Lumia Towers, we are not just building structures; we are building opportunities. Tokenization allows anyone, anywhere, to become a part of something extraordinary.”

Deniz Dalkilic highlighted the blockchain aspect:

“Our mission is to create a seamless bridge between Real World Assets and DeFi ecosystems. Lumia Towers is just the beginning of what blockchain can achieve in transforming industries.”

Empowering Small Investors

By tokenizing real estate properties, Lumia Foundation aims to democratize access to high-value investments. Traditional real estate investments often require significant capital, making them inaccessible to smaller investors. However, with the Lumia Towers project, token ownership begins at just $1, enabling investors worldwide to participate.

This innovation aligns with the growing trend of Real World Assets (RWA), a market projected to reach $10 trillion by 2030. Lumia Foundation’s efforts are further amplified by its collaboration with Binance, with the two organizations sponsoring Webit, a leading technology and innovation event.

A Milestone for Blockchain and Real Estate

The $1 billion framework agreement between Lumia and Sen Group is a testament to the potential of combining blockchain with real estate development. The construction of Lumia Towers is not just a step forward for the partnership but a significant contribution to Turkey’s economic growth and global leadership in blockchain innovation.

“This partnership represents the perfect synergy of cutting-edge technology and real-world application,” said Kal Ali, co-founder of Lumia Foundation. “Turkey has enormous potential to set new standards in innovation, and we are proud to be a part of this transformative journey.”

About Lumia Foundation

Lumia Foundation is a next-generation blockchain platform focused on tokenizing Real World Assets and integrating them into the DeFi and Web3 ecosystems. Created by US-based visionaries Kal and Yanush Ali, Lumia combines innovative technology with a vision for financial inclusion.

About Sen Grup

Offering reliable, high quality, and eco-friendly residential spaces in the real estate sector, Sen Group, adds value to life with its distinctive projects. Setting out with the philosophy of ‘Everything is Beautiful with You’, Sen Group emphasizes road, transportation, comfort, and social areas in the solutions it produces for the needs and demands of individuals. Based on technology, sustainability, and efficiency in its projects, the group aims to be the leading pioneer of transformation in the sector. Closely following the changing trends of the world, Sen Group carries the era’s vision forward and realizes all its projects with the mission of offering sustainable, economical, and environmentally friendly residential spaces. Aiming to build high-quality residential spaces for future generations, Sen Group is committed to developing projects that respect the environment and social impact and has the goal of playing a pioneering role in the sector.