London Stock Exchange-listed JTC has teamed with blockchain real estate startup Brickblock to launch a blockchain platform for cross-border real estate investment.
Established in 1987, JTC provides fund, corporate, and private wealth services to institutional and private clients in Africa, the Americas, the Caribbean, the Channel Islands, Europe, Isle of Man, and the UK. The company offers fund services for the administration of various listed and unlisted funds in a range of asset classes, including real estate, private equity, renewables, hedge, debt, and other alternatives for fund managers. It also provides company secretarial and administration services to a range of corporate clients.
Brickblock a platform to seamlessly and transparently connect cryptocurrencies with real world assets. Users are given the opportunity to invest out of cryptocurrencies into real world assets like ETFs and real estate funds with regular dividend payouts. Investments through the platform are not restricted by long-term holds, enabling investors to trade or sell their shares at any time.
Under the agreement, JTC will provide administration services to investment structures on the Brickblock platform, act as the legal custodian of issued shares and be responsible for clearing eligible investors. In addition, JTC will also sit on the board of selected real estate asset holding companies for Brickblock’s clients.
Carlo Martinengo, Director of Corporate Services at JTC, said that the launch of the Brickblock platform represents a highly innovative addition to the real estate investment landscape.
“We were delighted to be selected as partner to Brickblock for this exciting and innovative launch and look forward to continuing to support them by providing specialist guidance and ongoing administration support,” Martinengo said.
The partnership’s first collaboration involves Hillview Homes Limited, which will offer the real estate asset Holt Hill based in Birkenhead, UK.
“JTC’s expertise is integral for realizing the potential of blockchain technology to positively impact the real estate investment process,” said Jakob Drzazga, founder of Brickblock. “Working together with a company of JTC’s calibre will reinforce the confidence of our clients and potential investors when it comes to Brickblock’s offering.”
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