German real estate giant buys shares in Fundament Group, the issuer of the first regulated Real Estate Security Token built on the Ethereum blockchain
Hamburg, Germany – 9th October, 2019 – German real estate developer, Bauwens Group has acquired shares of Fundament Group, the end-to-end security issuance solution for asset tokenization. With €6.7 billion in managed project development volume and over 370 employees, Bauwens Group is one of Germany’s leading real estate project developers, renowned for integrating intelligent and digital technologies into the development and realization of its real estate portfolio.
Attaining strategic investment from Bauwens, Fundament Group gains a long-term partner in the real estate development market as well as access to an extensive pipeline of projects in Germany’s key metropolitan areas including Munich, Hamburg, Berlin, and Frankfurt. Similarly, by investing in Fundament Group, Bauwens is expanding its expertise to the innovative new market of tokenized real estate investments.
Alexander Jacobi, Managing Director of Bauwens digital GmbH said,
We are delighted to announce this partnership with Fundament Group which recently achieved a decisive breakthrough in Germany by securing the first regulated tokenized real estate bond. The Fundament Real Estate Token is an extremely interesting option for selling our real estate and we are proud to support them with our real estate and digitization expertise. By partnering with Fundament Group, Bauwens is positioning itself sustainably in the emerging real estate tokenization market.”
In July 2019, Fundament Group received approval from the German Financial Market Supervisory Authority (BaFin) for the country’s first tokenized real estate bond, with an issue volume of €250 million.
Fundament Group is opening up real estate investment to retail and institutional investors and breaking down barriers to previously restricted asset classes.
Further information can be found on the Fundament Group website
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