KilckOwn and Netfonds partner up to develop new tokenization platform

March 10, 2020
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Hamburg-based tech startup KlickOwn has officially announced a strategic partnership with the leading financial platform Netfonds AG.

The maneuver is part of larger plans to launch a blockchain-based management and marketing tokenized real estate platform. The news demonstrates further tokenization in the EU market.

KlickOwn Platform

The updated KlickOwn tokenized real estate platform will allow investors and property owners to conduct business via the blockchain. As such, the platform will allow for the tokenization of properties, the issuance of security tokens, and the management and trading of these financial instruments.

Significant Milestone

Speaking on the partnership, KlickOwn Founder and CEO Alexander Braune called the move a significant milestone in the market. Additionally, he described how the partnership moves the firm closer to its overall goal to democratize capital investments in real estate. He also touched on the years of experience Netfonds possesses and how this experience aligns with KlickOwns strategy.

Stellar Blockchain

Interestingly, the project represents one of the first tokenized real estate ventures on the Stellar blockchain. Stellar is an open-source, decentralized payment protocol that allows for fast, cross-border transactions between any pair of currencies. Additionally, as a fourth-generation blockchain, Stellar provides advanced smart contract programming capabilities.

The decision to utilize the Stellar blockchain opens the KlickOwn platform up to a host of new functionalities. For one, it provides very low transaction costs. Most importantly, Stellar is decentralized and is a non-profit company with altruistic goals as opposed to a general profit-making strategy

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March 10, 2020

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