Swiss Real Estate Company Closes A $134 Million Deal Using Blockchain
Cointelegraph
Published Jan 15, 2020 06:30PM ET
Updated Jan 15, 2020 08:03PM ET
Swiss Real Estate Company Closes A $134 Million Deal Using Blockchain
A building on the prestigious Banhofstrasse in Zurich, Switzerland was successfully tokenized and sold on the blockchain today.
The new owner of the building is Swiss real estate investment company BrickMarket. The company has issued bond-backed crypto tokens that figuratively represent “shares” of ownership in the building,. Those tokens are for sale to individuals who want to cut themselves in on earning some of the building’s rental income and benefit from any rise in the property’s value.
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Written By: Cointelegraph
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