Brik by Brik Launches Blockchain-Powered “Next-Generation” Real Estate Investment Ecosystem

LONDON, August 5, 2022 /PRNewswire/ — Previously, transacting assets such as property exclusively through digital channels was not the norm. UK-based property development company Brik by Brik has announced the launch of Brikn, its blockchain DAO ecosystem that rewards holders of the token from the revenue the company generates from its soon-to-be-extensive property portfolio. The company is targeting a property portfolio of £50 million over the next five years.

Brik by Brik Director Mark Goodman said, “Investing in real estate has long been one of the world’s favorite tools for achieving financial freedom. Now, with blockchain technology, we are making cryptocurrency real estate investing easier and more accessible to everyone. Imagine being able to have fractional ownership of multiple income-generating properties from an investment as low as $500. This is a next-generation real estate investment powered by blockchain.”

Crypto real estate investing is the process of tokenizing real-world properties and offering them to investors as crypto investments backed by fractional properties. In other words, real estate is purchased via fiat through the sale of the token and the investment received, and the token represents a percentage of the real estate portfolio. BRIKN, however, seeks to reward owners of the BRIKN token with a percentage of the entire real estate ecosystem. Tokens are tied to properties through the use of smart contracts that execute rent payments and automatic distribution to token investors through the BRIKN Vault staking platform.

By enabling fractional ownership of ecosystem rewards, blockchain reduces the barriers to investing in real estate. The traditional real estate investment process presents a number of hurdles to potential investors. For example, in order to purchase a rental property, a potential investor will often need a mortgage, which will eat into the bottom line of the property. The investor must also take care of the management of the tenants, the maintenance of the property, the payment of the property taxes and the respect of the law. Real estate has long been considered an illiquid asset because it takes time for purchases to close. This is not the case with tokens, which can be bought and sold in seconds. And unlike real estate investment trusts (REITS), the benefits of tokenization include the ability to invest in a single property rather than a fund, voting and governance rights over the property, more frequent payments, fees reduced overhead, less management fees and a lower minimum. investment.

Based in the UK, Brik by Brik is a leading multi-sector national property developer focusing primarily on below market value properties that offer high rental yields. Working closely with its partners, ranging from well-known property supply companies, investment houses to lawyers, agents and auction houses, Brik by Brik offers exceptional quality development and investment projects in the residential and commercial property sectors across the UK for private and public sector clients. , diversifying risk for investors and token holders.

Founder and Head of UK Operations Mark Goodman has been a leading figure in new home construction and home renovation in the North West for the past two decades, and has overseen property development projects worth a total of around £500million . Its extensive network includes partnerships with a number of leading developers such as Taylor WimpeyKier, Barratts, Redrow, Bellway, St. Charles Church and Keepmoat.

For more information on the Brikn platform

Please contact:
Lee Robert,
+44 (0) 7863628264
[email protected]


SOURCE Brik by Brik Limited