Today, German asset tokenization firm
Fundament Group said real estate developer Bauwens acquired an undisclosed amount of shares of the company. The partnership will give Fundament access to Bauwens €6.7 billion worth of real estate projects in Germany.
Fundament is using blockchain to decentralize property ownership and open up the market to a broader range of investors. In July, the company received approval from the German Financial Market Supervisory Authority (BaFin) for a €250 million tokenized real estate bond.
The firm is selling the tokenized real estate securities backed by a portfolio of properties. The idea is to trade real estate-backed securities without any intermediaries such as investment firms, brokers, or transfer agents.
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