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Magma’s ‘Digital Twin Token’ technology aims to digitize property records and operations through a blockchain-verified virtual model of physical buildings.Today in Miami
European proptech startup Magma is opening its first U.S. office in Miami, bringing a blockchain and AI-powered platform that aims to digitize and streamline property records, deals, financing, and operations. Magma’s “Digital Twin Token” technology ties together a building’s 3D model, scanned documents, permits, and IoT data into a verifiable on-chain record that can be accessed by AI agents and smart contracts.
Why it matters
Miami has been actively courting proptech and blockchain-based real estate companies, seeing them as a way to drive innovation and new jobs in the local economy. Magma’s platform could help address long-standing challenges around messy property records and inefficient real estate workflows, if the company can successfully deploy its technology and gain traction with local developers, investors, and property managers.
The details
Magma plans to hire locally in Miami as it scales up its U.S. operations. The company’s platform leverages a mix of digital twins, blockchain traceability, and artificial intelligence to consolidate ownership, permitting, and performance data into a single machine-readable record. Magma pitches this as a way to speed up deals, financing, and day-to-day building management through automated workflows and smart contracts.
Magma announced its plans to open a Miami office on April 9, 2026, according to a report in the South Florida Business Journal.Magma has already been active on the Miami conference circuit, appearing at events like the Global Family Office Investment Summit.
The players
Magma
A European proptech startup that is bringing its blockchain and AI-powered platform to digitize property records and operations to the U.S. market, with Miami as its first office location.
Miami-Dade Beacon Council
The local economic development organization that welcomed Magma’s decision to open an office in Miami, noting the potential for new jobs in data operations, building intelligence, and AI-enabled real estate services.
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What they’re saying
“Magma’s digital infrastructure focus could translate into new jobs in data operations, building intelligence and AI-enabled real estate services.”
— Miami-Dade Beacon Council
What’s next
Magma will need to demonstrate concrete use cases and pilot projects that show how its ‘Digital Twin Token’ technology can speed up real estate deals, financing, and operations for local developers, investors, and property managers in order to gain traction in the Miami market.
The takeaway
Magma’s move to open its first U.S. office in Miami underscores the city’s growing appeal as a hub for proptech and blockchain-based real estate innovation. If the company can successfully deploy its platform and gain adoption, it could help address long-standing challenges around inefficient property records and workflows in the local real estate industry.