EstateX appoints Steve Craggs as Web2 CEO after landmark $600m tokenisation success
Formerly the CEO of RE/MAX England & Wales, Craggs brings decades of leadership in real estate, business development, and international expansion. Under his guidance, RE/MAX England & Wales solidified its presence in one of the UK's most competitive markets. Now, he joins EstateX at a pivotal moment in the project's journey, just days after the $ESX token debuted to a $600m fully diluted valuation and secured listings on Kraken, MEXC Global, HTX, Raydium, and Uniswap.
Craggs's appointment reflects EstateX's commitment to bridging traditional real estate expertise with Web3 innovation. With his deep understanding of property markets and investor behavior, he will lead the next phase of the company's roadmap, scaling real-world property integrations, expanding the AI-powered Homie ecosystem, and positioning EstateX as a global leader in tokenised real estate.
Steve Craggs said: 'I've been watching the guys in EstateX over the past few years work tirelessly to achieve this historic launch, and I'm so very proud to accept this appointment. I believe together we can now add the additional layers that will set EstateX apart from the rest. We have seen how partnerships with DAMAC of other RWA projects significantly boosted the presence of the RWA arena, a big turning point for the crypto industry. My new position as CEO allows me to work more closely with my global connections and bring multiple significant partnership deals to EstateX. Tokenisation of Real World Assets is the future of real estate and I'm very excited to be driving this global machine.'
EstateX's early momentum continues to pick up speed, bolstered by a wave of strategic hires, upcoming real-world property announcements, and a blockchain infrastructure designed for onboarding the next generation of RWA (real-world asset) projects.
With a CEO rooted in traditional real estate and a team fluent in crypto-native culture, EstateX is uniquely positioned to redefine property ownership and access on a global scale.
EstateX is a Web3 platform revolutionising real estate through asset tokenization, AI powered financial tools, and blockchain infrastructure. By allowing fractional ownership and easy on-chain access to property markets, EstateX is creating a new gateway to global real estate investment.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Zawya
15 hours ago
- Zawya
JLL completes landmark sale of Antara Residential Compound in Riyadh, showcasing expertise in transactional excellence
The success of this unique investment opportunity underscores the asset's strategic value in Riyadh's dynamic residential market Riyadh, Saudi Arabia – JLL Capital Markets has successfully advised a prominent Saudi Arabia-based fund on the sale of Antara Residential Compound, a premier expatriate-focused residential development in Diriyah, North Riyadh. The completion of this transaction marks one of the most significant residential real estate deals in Riyadh this year, reflecting JLL's in-depth local market knowledge and its unparalleled expertise in facilitating complex transactions in the Kingdom's dynamic market landscape. As the exclusive sell-side advisor, JLL executed a targeted institutional marketing campaign that showcased this unique, sizeable investment opportunity to acquire a best-in-class residential compound. This generated substantial interest from numerous pre-qualified bidders through a highly competitive sales process. Such robust demand reflects the client's development expertise and underscores the asset's strategic value in Riyadh's residential market, which faces a significant shortage of similar quality living options. Designed as a Mediterranean-inspired resort with exceptional facilities and high-quality amenities, Antara Residential Compound offers 520 units comprising apartments, townhouses, and villas. The highly sought-after residential compound provides a range of in-house amenities, including F&B offerings, sports facilities, lush green spaces, and an extensive events calendar. Fadi Moussalli, Senior Director, Capital markets MENA at JLL, said: 'We are delighted to have successfully supported our client on this strategic transaction, which generated strong market interest and testifies to our client's outstanding asset management capability. Leveraging our deep expertise and local market knowledge, we connected prominent investors, underscoring JLL's ability to orchestrate competitive sales processes in Saudi Arabia's rapidly expanding residential market. The professionalism and integrity of the purchaser were instrumental in ensuring the smooth execution of this transaction and it was a pleasure to collaborate with our client's legal counsel, Hourani & Partners, on this market-shaping acquisition. Saud Alsulaimani, Country Lead and Head of Capital Markets for Saudi Arabia at JLL, stated: "This transaction highlights the ongoing demand for quality, income-generating assets and the strength and resilience of Saudi Arabia's premium residential market. The trend towards prioritizing quality and the limited availability of prime assets are driving robust demand. The Kingdom's Vision 2030 agenda has fostered an attractive long-term investment landscape, increasing interest in high-quality properties like the Antara Residential Compound. This successful transaction further reinforces JLL's position as a trusted advisor and partner in the Saudi real estate market." Completed in 2022, Antara Residential Compound witnessed high and stabilized occupancy across a diverse tenant mix, with best-in-class, cost-efficient, and streamlined operations. The property is strategically located in Diriyah, between two of the city's most exciting and significant giga-projects, with the New Murabba located to the North and the Diriyah Gate development to the South. The property also benefits from its strategic proximity to major city landmarks, such as the King Abdullah Financial District (KAFD), King Khalid International Airport, and Riyadh Downtown. JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients, whether investment, sales or equity advisory. About JLL For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500 company with annual revenue of $20.8 billion and operations in over 80 countries around the world, our more than 111,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit About JLL MEA Across the Middle East and Africa (MEA) JLL is a leading player in the real estate and hospitality services markets. The firm has worked in 35 countries across the region and employs over 2000 internationally qualified professionals across its offices in Dubai, Abu Dhabi, Riyadh, Jeddah, Al Khobar, Cairo, Casablanca, Cape Town, Johannesburg and Nairobi. For further information, visit Media Contact: Medha Sandrasagara JLL MEA Reem AlTajer | Janine Alamir Burson |
Zawya
15 hours ago
- Zawya
Minister of Planning, Economic Development, and International Cooperation Discusses Future Economic, Trade, and Investment Relations with British Minister for International Development Between The Two Countries
H.E. Dr. Rania Al-Mashat, Minister of Planning, Economic Development, and International Cooperation, held a discussion session with Baroness Jenny Chapman, UK Minister of State for International Development, during the G20 Development Ministers' Meeting in South Africa. The meetings witnessed extensive discussions on the future of economic, trade, and investment relations between the two countries in light of their close partnership, as well as joint coordination in international forums to advance efforts to restructure the global financial system and review proposed efforts to restructure the working mechanisms of the United Nations, as well as discussing the outcomes of the 4th International Conference on Financing for Development in Seville. During the meeting, both sides expressed their anticipation of the upcoming visit to Cairo announced by the UK Prime Minister's Office, which will represent a qualitative shift in bilateral Egyptian-British relations, elevating them to a strategic partnership level, in addition to its role in opening up avenues for cooperation across various levels between the two sides. It is also an extension of the strategic partnership between Egypt and the European Union, which was announced in 2024. During the meeting, the two ministers agreed on the need to activate the recommendations issued by various international forums to restructure the global financial system, ensuring a more efficient and fair financial architecture, especially for developing countries, achieving greater transparency in financing mechanisms, and expanding concessional financing. They also discussed proposals for restructuring the working mechanisms of the United Nations system to make it more influential in the global economy, emphasizing the need to adopt comprehensive coordination and follow-up mechanisms to ensure sustainability and enhance national participation in UN efforts. The meeting witnessed extensive discussions on various aspects of the partnership between the Arab Republic of Egypt and the United Kingdom, particularly in terms of trade exchange, British investments in Egypt, economic relations, and development cooperation. H.E. Dr. Al-Mashat reaffirmed Egypt's keenness to develop these relations and build on the pioneering results achieved over the past years, particularly in food security, support for start-ups, and small and medium enterprises. The two sides reviewed frameworks for bilateral cooperation in the field of development finance, the UK's contribution to financing development policies through the World Bank, as well as the role of UK Export Finance (UKEF) which supports project financing in Egypt, and the financing mechanisms provided by British International Investment (BII), which considers Egypt one of its priority markets. In this context, the Minister of Planning, Economic Development and International Cooperation reviewed preparations for launching the 'National Narrative for Economic Development,' which is an executive program to promote structural transformation in the Egyptian economy toward tradable sectors, encourage foreign direct investment, industrial development, and support labor market and employment. H.E. noted that since March 2024, the government has implemented economic and structural reforms that have contributed to macroeconomic stability and created a favorable investment climate and business environment. The two sides also discussed close cooperation within the framework of the Egyptian National Platform for Green Projects, the 'NWFE' program, which focuses on linking water, food, and energy nexus, particularly through BII and its financing to support energy and green hydrogen projects. In addition to the UK's role in providing support and assistance to global climate funds, represented by the Climate Investment Funds (CIF) and the Green Climate Fund (GCF). Additionally, the meeting highlighted the launch of the 'Green Growth: Egypt–UK' campaign in June 2025, which will continue until COP30 Climate Conference to accelerate green economy partnerships. Given that the UK is one of the largest investors in Egypt in sectors in the energy, telecommunications, pharmaceuticals, and consumer goods, and in light of the Memorandum of Understanding signed in 2024 between the Egyptian General Authority for Investment and Free Zones (GAFI) and UKEF to strengthen investment relations, the two ministers explored the significant role of the Egyptian-British Business Association (BEBA) and the Egyptian-British Chamber of Commerce (EBCC) in connecting companies, facilitating investment, and enhancing trade exchange between the two countries. For her part, the British Minister emphasized the diverse historical relations between the two countries, which share close ties and cooperation across various fields. H.E. also praised Egypt's significant efforts in addressing the humanitarian crisis facing Palestinians in Gaza and the role of the Egyptian leadership in delivering humanitarian aid to the Strip, affirming her country's full support for these efforts. She expressed her hope for reaching an immediate and sustainable ceasefire that would allow safe and regular delivery of aid. Distributed by APO Group on behalf of Ministry of Planning, Economic Development, and International Cooperation - Egypt.
The National
15 hours ago
- The National
Dubai property brokers double earnings to $880m in first half of 2025
Dubai's real estate brokerages doubled their earnings to Dh3.23 billion ($879.5 million) in the first half of 2025, riding the momentum in the emirate's robust property sector. The 99.4 per cent year-on-year surge in earnings from Dh1.62 billion in the corresponding period of 2024 was driven by 42,181 transactions completed in the first half of the 2025, the Dubai Media Office said on in a statement on Sunday. More than 6,700 new brokers registered with the Dubai Land Department through the January-June period, boosting the total by nearly a third to more than 29,000, according to government statistics. 'Dubai's real estate brokerage sector recorded a remarkable performance in the first half of this year,' the DMO said. Dubai's property market, which bounced back strongly from the Covid-driven slowdown, has maintained a sharp growth trajectory since. Government measures such as residency permits for retired and remote workers and expansion of the 10-year golden visa programme have boosted foreign investment flows into the emirates property market over the past few years. The robust momentum in the UAE's economy, the Arab world's second largest, driven by the government's diversification efforts have also support the real estate market activity. This month, a new scheme was also launched to help Emiratis and UAE residents, who do not own any freehold residential property in the emirate, get on the property ladder. Under the initiative, first-time buyers will have priority access to new homes from participating developers as well as existing inventory, discounts or limited-time offers on the sales price of off-plan units, flexible payment plans and 'improved' mortgage options with better interest rates, faster approval times and reduced fees. The DLD expects 5,000 more investors to enter the market this year following the initiative. Last week, the DMO said that the volume and value of real estate transactions in Dubai rose sharply in the first half of the year, amid the entry of more than 59,000 new investors into the market, according to DLD data. In a recent report, property consultancy Knight Frank showed that more than 51,000 homes were sold in Dubai in the second quarter of 2025, which was a year-on-year increase of 22.8 per cent, marking a quarterly record amid strong demand from buyers. Total home sales surpassed 94,000, putting the market firmly 'on track to exceed' 169,000 transactions recorded in 2024, it added. On Thursday, Abu Dhabi's Masdar City and the DLD teamed up to , in a bid to boost real estate investment across the UAE.
