BlockIMMO is a real estate transaction platform created in the 'Crypto Valley" in Zug, Switzerland. The platform uses blockchain technology to facilitate joint real estate investments through crowd sales which will alleviate some of the issues investors face when entering the investment class they want. BlockIMMO is easy to use and offers investor security.
Real estate transaction platform BlockIMMO, online since December 2018, has opened its door for investors to invest in real estate and properties with small amounts starting at as little as CHF 1,000 (€888 euro or $1007.55 USD). On the other side of the transaction, property owners can garner best prices for the sale of their real estate.
“I’m very proud to have launched a secure Blockchain product for both private consumers and professional investors with BlockIMMO,” stated founder and Managing Director, Bastiaan Don.
Advantages for investors
BlockIMMO offers investors a simple way to invest in a lucrative and exclusive market – by utilising a digital wallet. At BlockIMMO, an investor takes part in a crowdsale of a property using their own personal wallet.
BlockIMMO currently supports all major wallets, both on desktop and mobile as well as the two established hardware wallet providers Ledger and Trezor. The investors can decide how much they wish to invest in a property and follow the progress of the crowd sale live. Once the sale has been formalised, the investors receive their shares in the form of tokens in their wallet. The tokens represent shares of the underlying real estate.
After the successful sale, investors enjoy a regular stream of revenue from the properties and their increasing value.
“There is no minimum investment on our platform, but we find that investments upwards of roughly CHF 1,000 make the most sense,’ says Bastiaan Don.
Moreover, investors can sell their investment at any time and without brokerage services – either through peer-to-peer sales (via the bulletin board) on the BlockIMMO platform or directly through a regulated exchange.
Beyond high liquidity, this Blockchain-based technology also offers high flexibility to investors – another advantage over existing real estate transaction platforms in the ‘conventional world’, where joint owners of a property generally have to be entered in the land register.
Furthermore, in conventional arrangements, the other joint owners have a legal right of pre-emption, which greatly increases the potential for conflict – to say nothing of the high legal complexity and lack of investor protection.
Maximum investor protection
BlockIMMO Offers the highest possible investor protection. The rights of ownership to the properties are represented by tokens at BlockIMMO and the underlying real estate properties on which the investments are based are held in an investment fund in Liechtenstein.
Each property is secured through a separate, closed sub-fund. There is just one unique token category for each property and the various properties in the BlockIMMO ecosystem are thus not mixed up with each other.
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