Finch Capital invested 5 million euros in Brickblock, a fintech platform that converts physical assets into blockchain-based tokens. The investment brings total capital raised by the Gibraltar-headqua
Finch Capital invested 5 million euros in Brickblock, a fintech platform that converts physical assets into blockchain-based tokens. The investment brings total capital raised by the Gibraltar-headquartered startup to around 11 million euros when combining ICO sales and earlier private rounds. Radboud Vlaar, the Finch partner who led the deal, joins Brickblock's board.
Investors use Brickblock to buy into real estate, ETFs, funds, and other assets without the friction that plagues traditional markets. The platform issues Proof-of-Asset tokens—digital certificates entitling owners to profits from the underlying asset. Tokens trade through Ethereum blockchain smart contracts, which reduces minimum investment amounts, geographic restrictions, and counterparty risks while cutting fees and increasing transparency.
For asset managers and developers, Brickblock provides a new avenue: global market access, streamlined fundraising, and faster settlements compared to conventional capital-raising approaches. The company built a legal framework that connects actual legal contracts to its tokens, giving them binding force. Brickblock is preparing to tokenize its first residential property in Wiesbaden, Germany.
Jakob Drzazga and Martin Mischke founded the startup in 2017. The company operates out of Gibraltar and Berlin with 25 full-time employees representing 17 different nationalities. ConsenSys Diligence, a blockchain auditor, completed an audit and approved the smart contracts.
The company launches its final ICO round on May 9, running through May 15.
Drzazga said: "We are excited to welcome Finch Capital to the Brickblock family. Our mission is to revolutionize the way real-world assets are bought and traded, and we are confident that Finch Capital will play a vital role in helping us realize this vision through the firm's contacts and resources in the financial industry."
Vlaar said: "The real estate sector is the biggest investable asset class in the world, with a value of $200 trillion USD. We have seen the mortgage and brokerage market being disrupted, and the time is now ripe to disrupt the investment and trading side. 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."
