Blockchain-powered Real Estate Bond Gets BaFin Nod

The Fundament Group has come up with Ethereum blockchain based bonds which are backed by real estate properties across Germany has obtained approval from BaFin (German finance regulator) for bonds worth of €250 million ($280 million). It claims to be first-ever regulated real-estate backed security token & the token is tradeable globally and allows investors to liquidate their investment at any time.

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