Friday, July 3, 2020 / by Vanessa Saunders
By Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems Real Estate.
Do you fancy investing in a group of vacation villas in Phuket? Or a particular prime piece of residential real estate in London, and have your investment protected by blockchain technology? London Chelsea Limited, a UK investment firm, has partnered with SolidBlock to offer one of the first digital asset funds that invests in real estate, announced Crowdfund Insider on Monday.
London Chelsea advises on the buying and selling of residential investment properties in London and the Home Counties. Its partner, SolidBlock, is a primary issuance platform that intends to facilitate the tokenization of assets which can then be traded on an exchange or alternative trading system (ATS). This is the first digital asset to be offered as a security in the UK facilitated by SolidBlock.
What all of that gives to an investor is the ability to buy into a cross-border residential real-estate investment and have all the details of that transaction made transparent yet immutable through blockchain digital technology.
Ramon Vega, head of investments at London Chelsea said in their press release Monday, “Today’s investors don’t want their money locked in, and they need more choice in terms of which properties they wish to invest in. Blockchain-based securities enable exactly that, and we believe they will have a significant impact on our industry.”