Security Token Firm Taps German Developer’s $7 Billion Property Pipeline
Blockchain firm Fundament has landed German real estate giant Bauwens as a strategic investor with $7.35 billion of projects to jumpstart its asset tokenization business.
Fundament CEO Thomas Ermel told CoinDesk that Bauwens acquired 15 percent stake of the firm in cash in September after beginning negotiations for a partnership in May.Founded in 2017, the Berlin-based blockchain firm issues security tokens on ethereum blockchain to raise money for real estate development.The company’s $280 million real estate bond token sale opens for both institutional and retail investors on Oct.8.