Building Block REIT (BBR) is the first US-based Real Estate Investment Trust (REIT) to use blockchain Technology, making everything easier for all parties involved.
Quickly after Global REIT became the first ever Real Estate Investment Trust that uses blockchain, BBR decides to be next to embrace this highly efficient technology. This is good news for all investors, as it provides a way for BBR to eliminate all friction in REIT shareholder communication. This is possible by offering all users secure voting, direct dividend disbursement and even smart contract functions that will be executed automatically once the pre-set parameters are met.
Please Note: This is a Press Release
In order to do this, Building Block REIT will raise the necessary funds in the form of a digital initial public offering. They will accept payments in both fractional Ethereum cryptocurrency or U.S. Dollars. This will allow investors from all over the world to purchase shares in BBR on alternative trading systems that are SEC compliant.
Founder and CEO of BBR, Simon Enwia, says:
“…by establishing our distributed ledger underpinned by the Ethereum network, Building Block REIT will provide 24/7 access to all parties with virtually instant trade settlement and transparency.”
In addition, as far as the future plans for Building Block REIT go, he declared:
“We are just scratching the surface on the innovation that blockchain technology brings to the REIT market and will continue to innovate with blockchain across the spectrum of transactions involved in acquiring and managing real estate.”
The world of real estate investments will suffer major changes, but all for the better. The introduction of cryptocurrencies will only make things easier, faster, and more secure for all investors worldwide. Cryptocurrencies became more and more popular and after we’ve seen crypto casinos in UK and stores all around the world, it was about time it meets the dynamic real estate market in the U.S.