Reimagining Real Estate: Venket Naga and the Future of Fractional Ownership
In a world where technology continuously transforms our lives, the balance between convenience and privacy remains a pressing concern. This paradox has led many organizations to seek innovative solutions that can harness the latest advancements while restoring trust and security for users. Serenity, a UAE-based blockchain technology firm, is at the forefront of this endeavor, aiming to secure digital finance solutions while addressing the concerns of privacy and data control.
The Human Element in Technology
Venket Naga, the CEO of Serenity, is committed to this mission. With an impressive background as the former COO of CommIT and a successful tenure at Karma International, Naga has seen both the potential and the pitfalls of technology. His journey has led him to embrace blockchain, driven by a desire to empower individuals and grant them ownership over their data. “As technology played an ever-increasing role in daily life, a few large firms began to dominate the tech landscape,” Naga explains. “This dominance often comes at the cost of data privacy, creating a chasm of distrust between companies and consumers.”
Blockchain as a Solution to Trust Issues
Naga maintains that the blockchain technology offers an unrivaled opportunity for privacy, security, and transparency. Recognizing the importance of educating users on these benefits, he emphasizes the need for proactive engagement. “We are aware of the skepticism surrounding data storage shifts,” he says. “By establishing our own academy, Serenity aims to bridge this knowledge gap and foster greater trust in blockchain technologies.”
Introducing sAxess: A New Era of Security
In March 2025, Serenity took a significant leap forward by launching the world’s first biometric secured blockchain card, sAxess. This revolutionary product, created in collaboration with the renowned French technology firm IDEMIA, holds the potential to redefine users’ interactions with blockchain. “The response has been overwhelmingly positive,” Naga shares. “Trust is the cornerstone of our offering, and partnering with a leader like IDEMIA, who has never faced a major security breach, greatly bolsters our credibility.”
Naga points out that while traditional wallets like TrustWallet and MetaMask serve their purpose, sAxess distinguishes itself with a unique biometric component, enhancing security significantly. “Our hardware wallet is distinct because access is contingent upon biometric verification,” he notes, emphasizing the advanced protective measures that set sAxess apart from competitors.
Expanding Horizons: sAxess for Enterprises
Looking ahead, Serenity has ambitious plans to extend the application of the sAxess card into the enterprise sector. “We see tremendous opportunity here,” Naga states. “Many organizations still rely on outdated username-and-password systems. With sAxess, enterprise clients can replace these antiquated methods, allowing employees to securely access systems with merely a tap and bio-verification.” This transition could dramatically reduce human error, which is often cited as a major vulnerability in corporate security.
Tokenization and the Revolution in Real Estate
Alongside innovative products like sAxess, tokenization has become a hot topic in the UAE, especially following the Dubai Land Department’s landmark decision to facilitate tokenized property transactions. Serenity recently partnered with MTA Real Estate to launch a blockchain-enabled real estate investment portal, opening doors for many aspiring investors. “Understanding real-world assets (RWA) is key here,” Naga explains, highlighting how blockchain technology allows for the tokenization of traditional financial assets.
A New Age of Investment
Naga elaborates on the transformative potential of fractional ownership facilitated by tokenization. “In the past, significant wealth was a prerequisite for entering the real estate market. Now, fractional ownership democratizes this space,” he observes. For instance, he describes a $100 million property development. Traditionally, only affluent investors could engage in such transactions. However, by tokenizing the asset, individuals can buy tokens that grant them fractional ownership, radically changing the nature of real estate investment.
Empowering Investors with Autonomy
The benefits extend beyond mere access. “Fractional ownership provides autonomy over investments,” Naga comments. “Instead of entrusting capital to large investment firms like BlackRock, investors now have direct control over how their money grows through accessible, tangible assets.” He believes this shift not only enhances personal agency but also catalyzes disruption within traditional investment paradigms.
The UAE as a Leader in Global Tokenization
During the discussion, Naga expressed pride in the UAE’s position as a global frontrunner in tokenization efforts. He points to the discrepancies in practices between the UAE and the U.S., noting that while some American firms focus on tokenizing shares of real estate companies, the UAE’s approach directly digitizes title deeds. “This distinction illustrates how the UAE is ahead, and it opens exciting opportunities for innovation and growth,” he asserts.
In summary, Naga’s vision for Serenity encapsulates a future where technology and privacy coalesce to empower individuals in their financial ventures. The innovations emerging from the firm offer a glimpse into a more inclusive and controlled world of investment—a space where traditional barriers can be dismantled, granting everyone access to opportunities once deemed exclusive.
