The Swiss watchdog FINMA has approved a business model and a proposal for tokens of the blockimino - real estate tokenization company. The platform also received the right to provide its services in Liechtenstein, CCN reports.
The site offers tokens that represent real estate stocks. After completion of the sale, each investor receives his part of the tokens. These coins are associated with funds held in company accounts in Liechtenstein.
The properties we tokenise are already designated with the precise E-GRID number directly in the blockchain. This is already a known quantity in Switzerland and they are already entered as such in their own, centralised land register. Synchronising the systems would be a first step towards a land register on the Blockchain.
At the moment, the blockimmo platform is in test mode and offers only two properties.
So far, the platform is available to residents of Switzerland and Liechtenstein. Later, the company plans to enter other European markets.