We have already dealt with tokenization and explained how the real estate market is one of the sectors that lends itself best to this type of trend; as a rule, in recent months, speaking of this issue, we have mainly dealt with squares in Southeast Asia and, in particular, with Australia, a country particularly active on this front.

Today, as reported by cointelegraph in an article published a few hours ago, we finally have the opportunity to talk about a concrete case of real estate tokenization occurred in Europe; it took place in Switzerland, in Zurich, where a luxury building, located in via Banhofstrasse at number 52, was tokenized and its property sold on a blockchain platform.

BrickMarket, the Swiss real estate investment company, took care of everything, dividing the property into shares by issuing tokens which were then sold to investors; therefore, the new owners will have the opportunity to obtain an annuity in proportion to the amount of tokens purchased, based on the profits that the building will generate in the future.

The owners of the tokens, and the relative shares of the building, will not only be able to obtain an annuity on the basis of the income that the property will generate through the leases but will also have the opportunity to see their tokens increase in value when they the value of the building itself should increase.

The former owner of the property in question, RFR Holding, has maintained a share in the investment, according to the contract signed with BrickMarket, in fact, RFR has received 20% of the total supply of tokens issued, while the rest will be distributed among investors; The company said this case is only the first step in a much larger plan to build a large blockchain-based real estate firm that could soon be worth more than $ 100m.

However you want to think about cryptocurrencies, it now seems obvious, to the point that continuing to say it is becoming even trivial, that blockchain technology will radically change the way we invest, manage money and our own idea of ​​money, with all due respect detractors and all those who, still today, persist in not wanting to see what is going on in front of their eyes.