- The tokenization and sale of a USD 134 million property in Switzerland could be the beginning of a blockchain-powered real estate market
Brickmark has announced that it has successfully tokenized a USD 134 million property in Zurich, Switzerland with blockchain technology. Specifically, this property is located in Zurich’s high-demand retail district and includes private office space and a swatch retail outlet.
Now individual investors can buy crypto tokens that represent shares of the property. Not only can investors buy and sell these shares for profit as the property’s value rises, but investors will also be receiving a piece of the rental incomes from the building.
Brickmark believes this is just the beginning, and in the future, there could be an entire blockchain-powered real estate market. Indeed, these crypto real estate tokens can be bought and sold much faster than typical real estate deals, and also investors do not have to buy the whole property, just a fraction. Therefore, a future blockchain-powered real estate market has the potential to be much more liquid while having a lower barrier for entry.
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