Proptech KlickOwn Launches First Safety Token Providing for Actual Property in Germany

KlickOwn has launched its first safety token providing for actual property in Germany.

Launched in mid-2019, the primary digital safety is for a constructing based mostly in Lüneburg, Germany. The providing is debt-based in search of as much as €1.5 million. As of at present, the providing has raised over €350,000. Traders might anticipate a 5% annual charge of return on a “token-based bond.” The providing will settle for as little as €10.

The property itself is outdated. The truth is, the historic constructing was first talked about in 1342, in keeping with the providing web page, and is claimed to be one of many oldest homes in Lüneburg.

The platform is utilizing know-how supplied by BitBond – a Fintech that issued its personal digital bond after which took that have and turned it right into a enterprise line.

Our shopper @KlickOwn just lately launched its first safety token providing. With our tech options in #tokenization and #blockchain, the Hamburg-based PropTech firm is tokenizing chosen actual property initiatives in Germany.
Be taught extra within the article beneath:https://t.co/7dHr2uJWr8 pic.twitter.com/UBd0vHhVEG

— Bitbond (@Bitbond) March 16, 2020

Earlier this yr, Wladimir Huber, founder and CEO of Klickown, advised Welt:

“By means of the clever use of blockchain know-how, we will considerably scale back prices in comparison with conventional funding alternatives in the true property world.”

And that’s the profit. Simpler entry to an asset class that, previously, was tough to effectively spend money on because of many hurdles and extreme charges. By leveraging blockchain know-how, friction is eliminated, value is diminished and smaller buyers might take part. In fact the property in query should be a very good alternative as effectively.