Jersey-based fund management specialist JTC has partnered with blockchain business Brickblock to launch a platform for supporting cross-border real estate investment.
The new platform facilitates real estate investments via smart contracts on the blockchain. This allows transactions, whether investing in an asset or raising capital for a project, to be conducted more efficiently and cost-effectively than via traditional financial institutions. Investments through the platform are not restricted by long-term holds, enabling investors to trade or sell their shares at any time.
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 sit on the board of selected real estate asset holding companies for Brickblock’s clients.
Brickblock, which has offices in Berlin and Gibraltar, is a technical service provider for real estate investments on the blockchain. Earlier this year, it launched one of the world’s first tokenised real estate funds in partnership with real estate management firm Peakside Capital.