On April 11, 2024, SkyBridge announced a strategic partnership with Parcl, aiming to revolutionize the decentralized real estate trading platform. This collaboration seeks to enhance Parcl's mission of creating a world-class ecosystem centered around real-time real estate data, analytics, and liquidity, specifically targeting the acceleration of institutional adoption. The partnership is part of a broader movement towards integrating real-world assets (RWAs) into the blockchain, with both entities expressing excitement over the potential to transform the finance sector. Additionally, the real estate technology sector, or proptech 3.0, is witnessing significant advancements, with other players in the field also making strides towards onchain real estate solutions. The announcement was further reiterated by SkyBridge on April 12, 2024.