Crypto Valley: Two pioneers open up the global real estate
market
- D¥N -issuer Dynasty acquires stake in tokenization service
provider BrickMark
- Settlement of the investment of CHF
10 million with Dynasty payment tokens
- Tokenization of real estate worth CHF
1.5 billion planned through BrickMark
SÃO PAULO and ZUG, Switzerland,
May 23, 2024 /PRNewswire/ --
Tokenization pioneers Dynasty Global Investments AG (Dynasty) and
BrickMark Group AG (BrickMark), based in Zug/Switzerland, today signed an agreement under
which BrickMark will integrate the D¥N payment token issued by
Dynasty into its tokenization platform for real estate. In return,
Dynasty will acquire a strategic stake in BrickMark. The investment
totaling CHF 10 million will be part
of the Series A financing of BrickMark and settled mainly with
Dynasty's payment token and cash. The financing is expected to
close by the end of June 2024.
This transaction represents a significant step for both
companies as part of their growth strategy on the global property
markets. The real estate-focused payment token D¥N issued by
Dynasty is going to take on a leading role for tokenized real
estate transactions in the future. From now on, real estate
tokenized through the BrickMark platform can be traded with D¥N
without any further effort.
BrickMark is set to tokenize real estate assets worth over
CHF 1.5 billion on its platform in
the coming months, with CHF 400 million of these assets
already sourced from Dynasty's network. Through its tokenization
platform BrickGate, BrickMark is already active in Switzerland, Germany, Austria, Luxembourg, Hong
Kong, the United Arab
Emirates, and across the African continent. The
collaboration with Dynasty will significantly extend BrickMark's
reach to the American continent. Dynasty Token holders will have
preferred access to any Real Estate Token offering of BrickMark's
platform in the future.
Eduardo Carvalho, CEO and
co-founder of Dynasty Global AG, expects the company's token to
establish itself worldwide as a Tether for the property market.
"Every cryptocurrency goes through various validation processes. In
the case of Bitcoin, this first happened in 2010 when it was
accepted for the purchase of two pizzas. For D¥N, the integration
into the BrickMark platform is a strategic step that further
emphasizes its value."
For Stephan Rind, CEO and founder of BrickMark Group AG, the
integration of D¥N and the participation of Dynasty Global AG marks
another significant milestone in the company's growth strategy.
"Thanks to D¥N, we are now in a position to offer a uniform and
cost-effective solution for a wide range of real estate
transactions worldwide on the basis of a universal and recognized
crypto currency, which gives private and institutional investors
access to markets that were previously only open to a few."
D¥N has successfully completed the authorization process in
Switzerland and is qualified as a
payment token by the Swiss Financial Market Supervisory Authority.
On May 1, 2024, in addition CVM, the
Brazilian Financial Market Authority, authorized D¥N as a payment
token for the Brazilian market with its 220 million consumer
base. Dynasty Global AG is regulated by the Swiss financial market
supervisory regime. With a maximum of 21 million tokens
issuance, D¥N is currently listed in Brazil via Mercado Bitcoin and with other
international exchanges.
About
Dynasty Global AG
Dynasty Global AG is the first cryptocurrency issuing company in
the world to use a real estate portfolio as a reference for its
payment tokens. Through D¥N, the issuer can simplify financial and
real estate transactions globally and provide a decentralized
experience, as well as greater stability, since it has a reference
value of a real asset. With a strong presence in the European,
Asian, and Brazilian markets, the company is headquartered in Zug
in Crypto Valley, Switzerland.
With maximum of 21 million tokens issuance, D¥N is listed on
various global exchanges, and in Brazil, it is available on the Mercado Bitcoin
exchange.
BrickMark Group AG
BrickMark Group AG is a first-tier pioneer in the tokenization
of real estate assets and a one-stop-solution provider to create,
issue and manage digital assets and securities. Since its inception
in 2018, the company has been a leader in a variety of
transactions, including for the world's largest tokenization of a
single commercial property on Bahnhofstrasse in Zurich. To date, the company has executed
tokenization transactions with a total value of more than
USD 160 million. BrickMark developed
and operates the first fully scalable vertical tokenization
infrastructure for real estate assets in Europe, BRICKGATE, to cater to the rapidly
growing tokenization markets, whose volume is expected to grow from
USD 310 billion in 2022 to USD 16 trillion in
2030. BrickMark Group is headquartered in the Canton of Zug, with a
subsidiary in Luxemburg.
Contact
Brazil: Team MOTIM
Paola Cruvinel -
paola.cruvinel@motim.cc
+11 98669-5183
Raphael Bueno -
raphael.bueno@motim.cc
+11 99723-7397
Caroline Tondato -
caroline.tondato@motim.cc
+11 98183-4482
Switzerland &
Europe
Wolfgang Weber-Thedy,
wwt@weber-thedy.com
+41 44 266 1586
Jessica Winkler,
j.winkler@brickmark.net
Investor and Public Relations BrickMark Group AG
+49 176 1816 0008
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