11/03/2019
L'irresistible montée en puissance de la des
The irresistible rise of the of
On March 1st, 2019, the first real estate transaction in a blockchain was completed in the Swiss Crypto Valley in Zug.
This transaction is the result of a collaboration between three Swiss companies: Blockimmo, a real estate transaction platform based on blockchain technology, Elea Labs, a blockchain startup specialized in real estate and Swiss Crypto Tokens, a subsidiary of Bitcoin Switzerland, which created the stablecoin "CryptoFranc" (1 XCHF = 1 Swiss franc).
"Traditional real estate investments and their issuance programs have barely evolved. In Switzerland, you have an opaque market with asynchronous and difficult to access information. This has a negative impact on the liquidity potential of the real estate market. By using the blockchain, Blockimmo provides an answer to these problems and initiates a paradigm shift for real estate ownership and trading," commented Bastiaan Don, founder and CEO of Blockimmo.
About CHF 3 million, or 20% of the value of the 18-apartment building and the Hello World restaurant, was "tokenized" before being sold to a pool of four investors.
Tokenization is the process by which the real value of the property is digitally represented in the blockchain, in the form of tokens, here in the Ethereum blockchain in CryptoFranc (XCHF).
These transactions are now visible on the Ethereum blockchain and on the Blockimmo platform.
Elea Labs, which provided the property's real estate data, aims to associate each building with its own identity, "Property DNA", then save it and store it decentrally in a blockchain.
"With the "Property DNA" decentralized property registry, we enable Blockimmo users to make an informed investment decision based on complete and validated property data. In the future, Property DNA will enable transparent digital verification and simplify, accelerate and reduce the cost of processes across the entire real estate value chain," said Martin Schnider, CEO of Elea Labs.
Last month, BTG Pactual, a Brazilian bank, announced that it wanted to raise $15 million for its new ReitBZ digital token backed by distressed real estate assets in Brazil.
Le 1er mars 2019, la première transaction immobilière inscrite dans une blockchain a été réalisée dans la Crypto Valley suisse à Zoug.  Cette transaction est le fruit d’une collaboration…
