PAIRS, FRANCE: Immo Blockchain makes its first acquisition of actual property assets on the Blockchain via its subsidiary Investoken.
Investoken, a recently created land funding platform in “utility tokens”, has signed an settlement relating to an actual property asset located in Lille for an quantity of €680,000.
It is a renovated and occupied building, the administration of which will be entrusted to One Nest, a subsidiary of the Immo Blockchain group devoted to the quickly increasing market of “co-living”. The final acquisition of the property will happen by the finish of February.
A actual “investment club” based on Blockchain technology, INVESTOKEN has introduced collectively a group of certified investors who will profit from a “utility token” permitting them the month-to-month payment of an income in addition to entry to the privileged services of the club.
“Tokens backed by actual property items and services are very helpful in an overly volatile crypto environment. The intrinsic worth of our token is based on tangible and high quality goods. They represent a stable value, which appreciates over time whereas providing a return. It additionally permits actual property investors to consider a smoother secondary market and make stone extra liquid,” Antoine Tartiere – Co-founder and Managing Director of Investoken, said.
“The present cryptocurrency disaster reinforces our technique that securing and diversifying a half of your crypto portfolio into actual property is almost a no-brainer,” Edouard Masseau – CEO of the Immo Blockchain Group said.
With the ambition of making the primary French platform for land investments in “Tokens”, IMMO BLOCKCHAIN has already chosen many different assets, particularly within the rising market of “co-living”.
According to a recent Xerfi study, the co-living market ought to almost triple by 2025 to 24,000 units, versus 8,300 locations in France on the finish of 2021.