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A piece of the pie: a Two-million-Euro property in Wiesbaden tokenized

the The German Funds-as-a-Service Start-up brick block has tokenized the shares in a property in Wiesbaden, Germany, with a volume of two million euros. Accord

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A piece of the pie: a Two-million-Euro property in Wiesbaden tokenized
the The German Funds-as-a-Service Start-up brick block has tokenized the shares in a property in Wiesbaden, Germany, with a volume of two million euros. According to the company, it is the EU's first transaction of this kind.

By Christopher clover
On 29. March 2019BTC$4.093,53 1.70%Facebook Twitter LinkedIn xing mail to

breaks The quest to finalize all the to token, and what is not with three on the tree, continue to train. In the case of real estate or property rights to the Use Case of the Blockchain is technology. So, for example, the New York Start-up, Factora has organized in February, the successful Tokenization of a commercial building in the heart of New York. In this country, a FinTech company reached in February, a milestone on the way to a tokenized world. Bitbond has received as the first company in the coveted BaFin blessing for the output of the token isolated bonds by STO.

Now, another German company reported brick block, the Tokenization of an asset. Similar to the Factoras project in Brooklyn, this is not a property. However, it is in the building in Wiesbaden, Germany, to a residential property. Were issued for property shares, with a total volume of two million euros. According to a press release, the ECHO is BTC, the sale of the real estate shares only to accredited investors. The brick block approach of the Bitbonds is different, in the case of the ICO, thanks to the BaFin-license – even small investors could participate.

"An absolute turning point in the industry,"

with the acquisition or the possession of the Token, the Investor will receive the right to dividends from rental income as well as interest and capital distributions. Brick block-in-chief Jakob Drzazga extols the virtues of the Blockchain technology over paper-based processes, as follows:

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test as soon As a property, a real estate Fund or a financial instrument is converted into a Token, the real advantages: connection transactions are instant, almost free and in proper implementation without Counterparty Risk. This is an absolute turning point for the industry.

According to information from the brick block, the figure of real estate shares on a Blockchain to an EU-wide Premiere. The brick block is a further stone in the mosaic of a tokenized world, which holds not only for the financial sector have far-reaching consequences ready.
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