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Switzerland: tokenisation of real estate with Blockimmo
Switzerland: tokenisation of real estate with Blockimmo
Crypto

Switzerland: tokenisation of real estate with Blockimmo

By Alfredo de Candia - 21 May 2019

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The first round of financing for Blockimmo, a real estate tokenisation company, which launched the IMMO token, has just come to an end.

Blockimmo is a company based in Zug and its platform allows tokenising properties. This first round of financing allowed investors to receive shares in the company through tokens that represent digital certificates of invested capital.

In fact, the IMMO token is a security token to all intents and purposes and therefore lends itself well to this type of market: all the legal functions of the certificates are represented by smart contracts. Moreover, the digital real estate register is obviously located on the public Ethereum blockchain which is automatically updated with each transfer.

According to Raphael Haldner, director of funds and products at Bank Frick, responsible for the physical custody of these token certificates, the Blockimmo team has worked hard to integrate the blockchain into this sector and find a possible solution to apply it.

The IMMO token is currently tradable on Stx.swiss, a decentralised exchange for digital assets.

The tokenisation of real estate in Miami

Recently we had also heard about Inveniam Capital Partners, which has tokenised 4 real estate projects using the Ethereum blockchain for a total of 260 million dollars. Inveniam had in fact tokenised 4 buildings, one of which is located in the centre of Miami and is worth 66.5 million dollars

Alfredo de Candia
Alfredo de Candia

Android developer for over 8 years with a dozen of developed apps, Alfredo at age 21 has climbed Mount Fuji following the saying: "He who climbs Mount Fuji once in his life is a wise man, who climbs him twice is a Crazy". Among his app we find a Japanese database, a spam and virus database, the most complete database on Anime and Manga series birthdays and a shitcoin database. Sunday Miner, Alfredo has a passion for crypto and is a fan of EOS.

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