Crypto Valley Pioneers Expand Global Real Estate Market Through Tokenization
In a significant development within the crypto and real estate sectors, Dynasty Global Investments AG (Dynasty) has partnered with BrickMark Group AG (BrickMark) to facilitate the tokenization of real estate on a global scale. The partnership, announced on May 23, 2024, in São Paulo and Zug, Switzerland, involves Dynasty acquiring a strategic stake in BrickMark through an investment of CHF 10 million, primarily settled with Dynasty’s payment token and cash. This move is part of the companies’ ambitious growth strategy, aiming to revolutionize the global property markets.
BrickMark, a pioneer in real estate tokenization, plans to tokenize real estate assets worth over CHF 1.5 billion, with CHF 400 million already sourced from Dynasty’s network. The collaboration will see the D¥N payment token, issued by Dynasty, become a key player in tokenized real estate transactions, offering a seamless trading experience of real estate tokens on the BrickMark platform.
This transaction is not only a testament to the companies’ growth ambitions but also marks a significant milestone in the adoption of cryptocurrency in the real estate market. Eduardo Carvalho, CEO and co-founder of Dynasty, envisions the D¥N token becoming a global standard in real estate transactions, akin to Tether’s role in the broader crypto market. Stephan Rind, CEO and founder of BrickMark, highlighted the partnership’s potential to offer a unified and cost-effective solution for real estate transactions worldwide, making previously inaccessible markets available to both private and institutional investors.
D¥N has received authorization from financial authorities in Switzerland and Brazil, underscoring its compliance and legitimacy as a payment token. With a cap of 21 million tokens, D¥N is poised for listing on various global and Brazilian exchanges, including Mercado Bitcoin.
Dynasty Global AG distinguishes itself as the first cryptocurrency issuing company to anchor its payment tokens to a real estate portfolio, aiming to simplify and decentralize financial and real estate transactions globally. BrickMark Group AG, on the other hand, has been a leader in the tokenization of real estate assets since 2018, with a track record of significant transactions and the operation of BRICKGATE, a scalable tokenization platform for real estate.
This partnership between Dynasty and BrickMark represents a groundbreaking step towards integrating blockchain technology with the real estate sector, offering promising prospects for investors and shaking up traditional investment models.