Peakside and Brickblock launch tokenized fund venture

The partnership will see Peakside Capital utilise Brickblock’s proprietary software and legal framework for evidencing and databasing a real estate fund on the blockchain, a process more commonly known as tokenization.

Tokenization allows for capital to be raised from a global investor pool, and for investors from around the world to access potential investments in a cheaper and more efficient way, according to Peakside.

'Blockchain-based solutions, such as those provided by Brickblock, will transform the real estate sector as they increase the ease of access for different classes of investors and transparency in global real estate markets,' said Stefan Aumann, founding partner of Peakside.

'This strategic partnership marks a turning point in real estate investment management, as it will be the one of the first democratised investment products. The idea is to provide attractive, professionally managed investment products that fully comply with any applicable regulation to a broader investor base using state-of-the art blockchain technology,' Aumann added.

Brickblock’s technology, dubbed the full smart contract ecosystem, was successfully audited by blockchain leaders ConsenSys Diligence at the end of September. Peakside is set to be the first institutional real estate fund management firm to employ such technology.

'We are incredibly excited to take this first step in our mission to make real estate investments more accessible, affordable, and efficient,' said Jeffery Woodward, director of Brickblock. 'Peakside Capital’s offering presents an ideal use case for the application of our technology and we are really proud to be working with a company that has consistently demonstrated its expertise in the industry.'

The partnership will be presented at Expo Real in Munich, Germany, on Tuesday, October 9th at 3:00 pm in Hall A1, Conference Room A12.