Peakside Capital Advisors, an investment managing firm servicing Europe, has announced the launch of a real estate fund for the German market using blockchain technology.
The fund, which focuses on assets between €15 and €75 million ($17-$85 million), is a product of a partnership with German funds-as-a-service technology platform Brickblock.
Brickblock operates ScalingFunds, an investment management platform that runs on blockchain. The startup tokenized its first property in March this year, as reported by Cointelegraph Deutsche.
Stefan Aumann, Founding Partner of Peakside, commented that they are “looking to utilise the advances in digital technology to increase liquidity and transferability in the real estate fund sector as well as to broaden our investor base.”
“We can now offer our institutional-quality investment products at smaller minimum investment sizes to qualified investors who would otherwise not have the opportunity to invest with us. On top, we strongly believe the underlying blockchain technology provides additional investor security.”
Blockchain’s use in Peakside Income Fund 1 revolves around it recording fund shares. Shares information will also be stored offline with SANNE, a global provider of alternative asset and corporate administration services.
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