Blockkimo Ltd., a property blockchain-enabled platform, and two other Swiss companies have come together to create among the first real estate transactions on the blockchain in Switzerland.
The development was announced by blockimmo in a recent blog post.
Blockimmo, proptech company Elea Labs Ltd. and digital assets service firm Swiss Crypto Tokens Ltd. have conducted a blockchain-based real estate transaction — consisting of 18 apartments and a restaurant — at a cost of 3 million Swiss francs ($2.98 million).
The property was reportedly tokenized, which means that its real asset value is now represented digitally on the Ethereum (ETH) blockchain in the form of tokens. The transaction was supported by Swiss Crypto Tokens’ stablecoin pegged to the Swiss franc, the CryptoFranc (XCHF), to avoid price fluctuation risks.
Read more here
Join us in Bangkok the 19th to the 21st of March for the Property Portal Watch Conference.
Welcome to the new year. Our first Product Roundup of 2025 starts with a new search filter in Spain... ...
Read More
Amarendra Sahu, the co-founder of the home rental platform NestAway, has filed a First Information Report (FIR) against his fellow...
Read More
The Chinese real estate marketplace operator FangDD has once again been warned about its continued non-compliance regarding share prices. FangDD...
Read More
JP Morgan released its Global Online Classifieds report in November 2024, with marketplace giants REA Group and Scout24 SE both...
Read More
