Bricktrade joins forces with Blocksquare in a strategic partnership
LONDON – – 9th November, 2022 – – Bricktrade Capital Ltd is pleased to announce its recent decision to form a strategic partnership with Blocksquare, a technology solutions provider to support in making property investing accessible to the masses.
Bricktrade is the UK’s first real estate investment platform to tokenise property, bringing an abundance of investment opportunities to both crypto market participants as well as fiat investors looking to dive into the real estate market.
Blocksquare on the other hand is a leading, tokenisation infrastructure — specialising in real-estate — and technology solution to create, list, issue, sell, distribute, manage, track and trade properties tokenised through Blocksquare’s protocol.
Guv Kang, Chief Executive Office (CEO) and an experienced realtor with over 15 years of experience in the real estate sector was excited to welcome Blocksquare to the ever-growing list of partners, noting:
“The team is eager to start working with Blocksquare to bring affordable real estate investment to all. We strongly believe this partnership will play a pivotal role in not only the creation but also the introduction of Bricktrade to the correct audience. Bricktrade was built with consumers in mind and we are on a mission to solve some of the largest challenges faced by consumers in today’s economy. From rising inflation to reduced purchasing power, we trust our partnership with Blocksquare will help us achieve just that. We cannot wait to begin our operations!”
One of Europe’s leading firms in the tokenisation of real estate, Blocksquare and its core values resonate deeply with Bricktrade. Built on Ethereum and IPFS, through Blocksquare, a single property can be broken down into 100,000 tokens either partially or in full. This allows for investors to be provided with a transparent and standardised digitalisation process. Paired with Bricktrade’s promise to undertake due diligence and provide transparent access to its investors, the barrier to entry to the real estate market will be extremely low, if not non-existent.
Makram Hani, Chief Operating Officer (COO) of Blocksquare and successful entrepreneur, was just as thrilled about this newly formed partnership, commenting:
“We are always excited to go local in a new market, and this time the market is even more exciting as the UK is one of the most interesting real estate markets in the world. Bricktrade being chosen as one of the first eligible subscribers to our newly launched strategic partnership program, which facilitates for startups the use of our tech without an upfront licensing cost, is evidence to our belief in the strength of Bricktrade’s value driven approach, and the will to disrupt. We encourage our community and all members of connected communities to be part of the energy behind this launch working to make it a big success.” The tokenisation of illiquid assets such as real-estate is revolutionary. Through tokenisation, investors will be able to own a piece (fractional shares) of a token’s underlying real-world asset without the need to purchase or manage the property as a whole. The tokenisation of real estate also provides investors the chance to obtain liquid funds, reducing illiquidity costs both significantly and quickly.
Besides the liquidity of real estate, this strategic partnership between Bricktrade and Blocksquare will also aid in removing the current accessibility limitations in the real estate market. Not only will crypto and fiat investors be able to begin investing from as little as £500, investors can also expect to earn up to 10% interest on their investments.
Thus, together through this partnership, Bricktrade and Blocksquare will be able to create, reach and add value for both the community and stakeholders of the real estate industry.
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