Brickblock announces successful €5 million capital raise from Finch Capital
Updated: Jan 26, 2021
Brickblock raises €5 million Series A to accelerate its ambition to be the market-leading tokenized real estate investment platform.
Finch Capital, a financial technology venture capital firm, leads the round.
The new capital will provide funding for the further development of the decentralized platform and the ambitious growth plans of the company
Brickblock is a fintech company providing a decentralized platform where asset providers can tokenize real-world assets. This technology allows users to invest in individual real estate assets as well as real estate funds (REFs), exchange-traded funds (ETFs), and coin funds. The platform utilizes blockchain technology and smart contracts to allow real estate developers and asset managers to reach their investors more efficiently. The company’s mission is to make the world of investing easier, cheaper, and more transparent.
Through Brickblock, asset providers can issue unique tokens – called a Proof of-Asset (PoA) token – that legally entitle the owner to the profits of the underlying asset. These tokens are bought and traded through smart contracts on the Ethereum blockchain. Such smart contracts enable lower fees with greater transparency, and without the minimum amounts, geographic restrictions, and counterparty risks typically associated with traditional investment models. Brickblock offers a cutting-edge technological solution to enable asset managers to raise finance by granting access to a global market, a frictionless investment process, and quicker settlements.
The Gibraltar-headquartered business, founded in 2017 by Jakob Drzazga and Martin Mischke, has appointed Radboud Vlaar, Partner of Finch Capital, to its Board of Directors following this investment. Brickblock is keen to work in close partnership with an experienced international financial technology investor, and celebrates this important milestone.
The company, which also has operations in Berlin, Germany, employs 25 full time staff from 17 different nationalities. Brickblock is with its partners – including Europe’s leading law firms in the blockchain space, DWF and ISOLAS – in the advanced stages of establishing a legal framework for tokenizing assets that allows Brickblock’s clients to connect legal contracts to their tokens. Its smart contracts were recently audited and approved by ConsenSys Diligence, a company at the forefront of the blockchain space.