The Swiss Financial Market Supervision Authority (FINMA) has approved a business model and a proposal for tokens shares of blockimmo company engaged in real estate tokenization. The platform also received the right to provide its services in Liechtenstein, CCN writes.
The site offers tokens that represent real estate shares. After completion of the sale, each investor receives his part of the tokens. These coins are associated with funds held in the company’s accounts in Liechtenstein.
At the moment, the blockimmo platform is in test mode and offers only two properties.
“The properties that we token have already received our own E-GRID number in the blockchain,” said Bastian Don, the founder of blockimmo.
So far, the platform is available to residents of Switzerland and Liechtenstein. Later, the company plans to enter other European markets.