Blockimmo is the first regulated real estate transaction platform based on blockchain technology. The company enables joint real estate investments through crowd sales, thereby lowering the barrier to entering this attractive investment class. The platform offers maximum investor protection and has been approved both by FINMA and the Financial Market Authority (FMA) in Liechtenstein.
Advantages for investors
blockimmo offers investors a simple way to invest in a lucrative and exclusive market. Blockchain investing utilises the concept of a digital wallet: at blockimmo, an investor takes part in a crowd sale 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 receives 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.