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It’s done! The first real estate transaction using the blockchain technology has just been completed in Luxembourg. This new type of investment should disrupt a booming market and attract new individual investors willing to invest in bricks and mortar. Here is everything you need to know about this first tokenization of real estate assets in Luxembourg.
Startups and real estate professionals at the heart of innovation
At the helm of this great premiere are Bernard and Laurent Olmedo, directors of Creahaus, as well as Michael and Frédéric Reichling, directors of Espace Invest. The two key players in the Grand Duchy’s real estate landscape co-founded Property Token SA and successfully launched the first Luxembourg real estate token issue.
To carry out this first transaction, the two developers and builders called on the expertise of Tokeny – which made its token emission technology available – and CoinPlus – which provided the “zeroelectronic” physical vault where the tokens issued are securely stored. Not forgetting the architect of this solution, the strategy and innovation consulting firm INNO led by Wesley Deglise.
With the support of renowned business consultant and legal and tax advisors, this innovative “digital securitization” process has enabled a club of private investors to buy and hold tokens, i.e. a digital representation, registered on the Ethereum blockchain, of the rights relating to a luxury building located in the Grand Duchy, in Belval. Belval is the new trendy Luxembourg address that offers a unique mix of work, housing and daily life. In Belval, the economy meets science, cutting-edge research meets entrepreneurship, and today the real estate sector meets the blockchain!
Learn more / En savoir plus / Mehr erfahren:
https://www.scoop.it/t/luxembourg-europe/?&tag=Blockchain
https://www.scoop.it/t/21st-century-learning-and-teaching/?&tag=blockchain
http://www.scoop.it/t/luxembourg-europe/?tag=Digital+L%C3%ABtzebuerg
It’s done! The first real estate transaction using the blockchain technology has just been completed in Luxembourg. This new type of investment should disrupt a booming market and attract new individual investors willing to invest in bricks and mortar. Here is everything you need to know about this first tokenization of real estate assets in Luxembourg.
Startups and real estate professionals at the heart of innovation
At the helm of this great premiere are Bernard and Laurent Olmedo, directors of Creahaus, as well as Michael and Frédéric Reichling, directors of Espace Invest. The two key players in the Grand Duchy’s real estate landscape co-founded Property Token SA and successfully launched the first Luxembourg real estate token issue.
To carry out this first transaction, the two developers and builders called on the expertise of Tokeny – which made its token emission technology available – and CoinPlus – which provided the “zeroelectronic” physical vault where the tokens issued are securely stored. Not forgetting the architect of this solution, the strategy and innovation consulting firm INNO led by Wesley Deglise.
With the support of renowned business consultant and legal and tax advisors, this innovative “digital securitization” process has enabled a club of private investors to buy and hold tokens, i.e. a digital representation, registered on the Ethereum blockchain, of the rights relating to a luxury building located in the Grand Duchy, in Belval. Belval is the new trendy Luxembourg address that offers a unique mix of work, housing and daily life. In Belval, the economy meets science, cutting-edge research meets entrepreneurship, and today the real estate sector meets the blockchain!
Learn more / En savoir plus / Mehr erfahren:
https://www.scoop.it/t/luxembourg-europe/?&tag=Blockchain
https://www.scoop.it/t/21st-century-learning-and-teaching/?&tag=blockchain
http://www.scoop.it/t/luxembourg-europe/?tag=Digital+L%C3%ABtzebuerg