Blockkimo Ltd., a property blockchain-enabled platform, and two other Swiss companies have come together to create among the first real estate transactions on the blockchain in Switzerland.
The development was announced by blockimmo in a recent blog post.
Blockimmo, proptech company Elea Labs Ltd. and digital assets service firm Swiss Crypto Tokens Ltd. have conducted a blockchain-based real estate transaction — consisting of 18 apartments and a restaurant — at a cost of 3 million Swiss francs ($2.98 million).
The property was reportedly tokenized, which means that its real asset value is now represented digitally on the Ethereum (ETH) blockchain in the form of tokens. The transaction was supported by Swiss Crypto Tokens’ stablecoin pegged to the Swiss franc, the CryptoFranc (XCHF), to avoid price fluctuation risks.
Read more here
Join us in Bangkok the 19th to the 21st of March for the Property Portal Watch Conference.
"*" indicates required fields
This week, we have two interesting investment stories for you. We'll start with Europe and a rare breed—an iBuyer who...
Read More
We have another long Product and Services Roundup this week. We'll start with a discontinued offering from one of Iran's...
Read More
Mubawab, the leading property vertical in both Morocco and Tunisia according to Similarweb, has a new majority shareholder and parent...
Read More
The Australian real estate portal operator REA Group grew revenue by 12% year-on-year for the third quarter of its financial...
Read More"*" indicates required fields
"*" indicates required fields
"*" indicates required fields
