Thursday, October 1, 2020
UK

London Chelsea Limited partners with SolidBlock to offer digital asset bonds

London Chelsea

According to a release, London Chelsea Limited will sell a “London Digital Bond” described as a digital security backed by property

London Chelsea Limited says it has partnered with SolidBlock to offer a digital asset fund that invests in real estate.

According to a release, London Chelsea Limited will sell a “London Digital Bond” described as a digital security backed by property. London Chelsea is a firm that advises on the buying and selling of residential investment properties in London and the Home Counties.

Yael Tamar, co-founder of SolidBlock, commented on the collaboration: We are creating a digital age financial instrument that provides the stability and upside potential of prime London residential properties, combined with the flexibility of trading on a top digital securities platform.

SolidBlock is a primary issuance platform that intends to facilitate the tokenization of assets which can then be traded on an exchange or ATS. SolidBlock says it will begin its global fundraising on July 1st for London Digital Bond. The company states that the offering will be available to global investors starting from £10,000. This is the first digital asset to be offered as a security in the UK facilitated by SolidBlock.

Cross-border residential real-estate investment is marked by inaccessibility and inflexibility, said Ramon Vega, head of investments at London Chelsea. Today’s investors don’t want their money locked in, and they need more choice in terms of which properties they wish to invest in. Blockchain-based securities enable exactly that, and we believe they will have a significant impact on our industry.

Tamar said that one of the side effects of COVID-19 is the onset of digital transformation in a variety of industries like real estate.

London Chelsea together with SolidBlock is leading this trend in the UK, Tamar claimed.

Important:
This article is for information purposes only.
Please remember that financial investments may rise or fall and past performance does not guarantee future performance in respect of income or capital growth; you may not get back the amount you invested.
There is no obligation to purchase anything but, if you decide to do so, you are strongly advised to consult a professional adviser before making any investment decisions.

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