#NEWS: Berlin-based tech startup
@brickblock_io
 announced it has successfully tokenized and sold approximately €2 million worth of real estate in Europe.
(Source: (link: https://[Suspicious link removed]/2Jp0NsN) [Suspicious link removed]/2Jp0NsN)
#news #blockchain #cryptocurrency #realestate #europe #tokenized #insights #technology

https://www.cryptonewsguy.com/first-tokenized-property-in-europe-has-been-sold/

Berlin-based tech startup Brickblock announced on Thursday it has successfully tokenized and sold approximately €2 million worth of real estate in Europe.
Brickblock uses its in-house developed Automated Clearing Registry consisting of 15 Ethereum smart contracts — audited by Consensys Diligence last September —  to register real estate shares as digital ERC-20 tokens on the blockchain. These tokens represent a share of ownership, entitling the holder to a share of rent, interest, and other benefits the underlying asset might provide.

The sale, which is the first of its kind in the European Union, was available only to eligible investors, and carried a residential property in Wiesbaden, Germany, worth roughly €2 million.