Switzerland’s Real Estate Building Now Sold On Blockchain

Overview-

• The famous building of Zurich, Bahnhofstrasse, was tokenized using blockchain and sold today.
• BrickMark bought the building, and a large part of the total amount will be paid in terms of tokens.

Zurich’s famous building, Bahnhofstrasse of Switzerland, was successfully bought by BrickMark on the blockchain.

The building was valued for $134 million, I.e., CHF130 million in terms of tokens.

The CEO of BrickMark, Stefan Rind, said, “There has never been a token-financed transaction of this magnitude” and has further added, “We are implementing what was once no more than a concept in the real estate industry.”

The property is located in the heart of Zurich, which is the centre for financial hubs and the prestigious shopping centres, which has the space of more than 1600 square meters.

BrickMark is the blockchain-based next generation real estate investment and management company. It aims to access the premier real estate assets for anyone interested globally by using the blockchain technology by creating a new form of digital security. The company has also been accepted as a member of the EPRA (European Public Real Estate Association). The company has continued to grow and has a pipeline of nearly 1 billion in the commercial properties globally, majorly in more extensive parts of Europe.

There has been a significant rise in the growth of blockchain in last year and blockchain has been embraced globally. Trade happening in terms of blockchain is now not far from reality. The trade of Switzerland’s building is proof of it. The company also conducted a conference today on the internet, where CEO Stefan Rind explained the perspectives of its company and even the details of real estate tokenization. Interested users who might have missed can watch the video on www.brickmark.net.