Finch Capital has led a €5 million Series A investment into Brickblock, a Gibraltar-based blockchain startup focused on tokenizing real-world assets. The funding round represents a major step forward
Finch Capital has led a €5 million Series A investment into Brickblock, a Gibraltar-based blockchain startup focused on tokenizing real-world assets. The funding round represents a major step forward for the company as it works to "revolutionize the way real-world assets are bought and traded," CEO and co-founder Jakob Drzazga explained.
In addition to the capital infusion, Radboud Vlaar, a partner at Finch Capital, has joined Brickblock's board of directors.
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The global real estate market—valued at a staggering US$200 trillion—represents humanity's largest investable asset category. While mortgage and brokerage operations have experienced significant market disruption, the investment and trading segments remain largely unchanged. Vlaar believes the timing is right for transformation. "The real estate sector is the biggest investable asset class in the world, with a value of US$200 trillion. We have seen the mortgage and brokerage market being disrupted, and the time is now ripe to disrupt the investment and trading side," he explained.
Established in 2017, Brickblock operates a decentralized platform utilizing smart contracts to facilitate transactions in tokenized assets. The infrastructure functions as a dapp on the Ethereum blockchain. Asset issuers—ranging from fund administrators to real estate developers—can tokenize and list holdings including residential properties and investment pools. Each offering gets assigned its own "proof-of-asset" (PoA) token that legally represents ownership stake and profit entitlements.
Investors, whether institutional or individual, purchase these PoA tokens using cryptocurrency to gain exposure to exchange-traded funds (ETFs), real estate funds (REFs), coin-traded funds (CTFs), and managed coin funds (CMFs). These token transfers occur via smart contracts on the Ethereum network.
"Brickblock is well suited to lead this transformation, leveraging the blockchain to reduce costs for investors up to 80% and making it a frictionless and more liquid investment asset class. We are excited to support Jakob and his team to build out Brickblock as it gets greater adoption in the months to come and establishes itself as the go-to platform for tokenized asset transactions," Vlaar added.
The startup, which operates hubs in both Berlin and Gibraltar, is currently working on tokenizing its first residential property—a home located in Wiesbaden, Germany. The project is reported to be in advanced stages with its partners.
With this capital round concluded, Brickblock is gearing up for an imminent token sale. The company plans to launch its initial coin offering (ICO) shortly, seeking to raise as much as US$50 million through the sale of BBK tokens. The BBK token will initially be issued only during the ICO period. Following its release, BBK will be available for trading on secondary exchanges and will be convertible into Access Tokens—which fund managers need to list their offerings on the Brickblock platform and cover transaction fees when selling REFs, ETFs, CMFs, and CTFs.
MiningPool content is intended for information and educational purposes only and does not constitute financial, investment, or legal advice.
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