London Chelsea Limited Partners With Solidblock To Digitally Raise Financing For London Digital Bond — A Single-family Property Fund Will Be Financed Through Blockchain-based Securities For The First Time Globally

For the primary time in historical past,  a single-family property fund shall be financed via blockchain-based securities. UK funding firm London Chelsea Limited is partnering with SolidBlock, a digital securities issuance and buying and selling platform, to boost financing for London Digital Bond, a brand new fund that invests in prime residential actual property.

“We’re making a digital age monetary instrument that gives the soundness and upside potential of prime London residential properties, mixed with the pliability of buying and selling on a prime digital securities platform,” mentioned Yael Tamar, co-founder of SolidBlock.

SolidBlock will start its international fundraising on July 1, 2020, for the London Digital Bond by issuing digital safety tokens (tradable belongings that may be purchased and offered precisely like standard securities). The providing shall be accessible to international buyers ranging from £10,000.

“Cross-border residential real-estate funding is marked by inaccessibility and inflexibility,” mentioned Ramon Vega, head of investments at London Chelsea. “Right this moment’s buyers don’t need their cash locked in, and so they want extra alternative when it comes to which properties they want to spend money on. Blockchain-based securities allow precisely that, and we consider they’ll have a big impression on our trade.”

Whereas that is SolidBlock’s first tokenized mission within the UK, the corporate has already disrupted the U.S. actual property trade by tokenizing the St. Regis Resort in Aspen, Colorado. The prestigious lodge raised $18 million and was the primary business property on the earth financed by blockchain-based securities.

“Extra just lately, one of many negative effects of the Covid-19 pandemic has been the onset of digital transformation in quite a lot of conventional industries equivalent to actual property, and London Chelsea along with SolidBlock is main this development within the UK,” Tamar mentioned.

SolidBlock makes use of actual property asset tokenization – the convergence of actual property investing and blockchain expertise – to rework actual property right into a tradable monetary product. This provides buyers the chance to purchase shares in a property and commerce them on an trade or ATS. SolidBlock is a accomplice firm of BuiltUp Ventures, which invests in progressive proptech startups. For extra data, go to www.solidblock.co.

London Chelsea is an funding consultancy primarily based in Chelsea within the coronary heart of London. Established in 2012, the corporate advises on the shopping for and promoting of residential funding properties in London and the Residence Counties. For extra data, go to www.londonchelsea.com .



Additionally printed on Medium.

London Chelsea Limited Partners With Solidblock To Digitally Raise Financing For London Digital Bond — A Single-family Property Fund Will Be Financed Through Blockchain-based Securities For The First Time Globally
In his 20s, he sailed all over the world on small yachts and wrote a collection of journey articles referred to as, ‘The Hitchhiker’s Information to the Seas’ travelling by hitching rides on yachts (1989) in main journey and yachting publications. He at the moment lives in Groningen, the Netherlands the place he has set down his anchor to boost a household and write. Founder and writer of trade publication Blockchain Information (EST 2015) and director of schooling firm Blockchain Partners (Oracle Associate) – Vancouver native Richard Kastelein is an award-winning writer, innovation government and entrepreneur. He has written over 2500 articles on Blockchain expertise and startups at Blockchain Information and has additionally printed in Harvard Enterprise Evaluation, Venturebeat, Wired, The Guardian and numerous different publications.

Kastelein has an Honorary Ph.D. and is Chair Professor of Blockchain at China’s first blockchain College in Nanchang on the Jiangxi Forward Institute software program and Know-how. He has over a half a decade expertise judging and rewarding some 1000+ innovation initiatives as an EU knowledgeable for the European Fee’s SME Instrument programme as a startup assessor and as a startup choose for the UK authorities’s Innovate UK division. Kastelein has spoken (keynotes & panels) on Blockchain expertise at over 50 occasions in 30+ cities.

London Chelsea Limited Partners With Solidblock To Digitally Raise Financing For London Digital Bond — A Single-family Property Fund Will Be Financed Through Blockchain-based Securities For The First Time Globally
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