Connex Coin — The Real Estate Security Token Sale

Yes­ter­day, we announced Con­nex Coin — our first secu­ri­ty token sale for the real estate indus­try. Dur­ing EXPO REAL, a large real estate fair, we will present Con­nex Coin and how we lever­age blockchain tech­nol­o­gy to make pay­ment and trans­ac­tion process­es with­in real estate mire effi­cient.

The story of Con­nex Coin began in 2018. Then, we dis­cussed some dig­i­ti­za­tion projects in the field of real estate funds with Thomas Meyer, founder and CEO of Wert­grund Immo­bilien AG, a res­i­den­tial real estate fund man­ag­er. Short­ly after­wards, we start­ed a sim­i­lar con­ver­sa­tion with Hans Ham­mer, founder and CEO of Ham­mer AG, a com­mer­cial real estate devel­op­er. It became clear with­in weeks: we should have these con­ver­sa­tions togeth­er.

Fast for­ward: in July, 2019, we found­ed our new com­pa­ny RAAY Real Estate, or RAAY RE, or RRE, as a joint ven­ture of Ham­mer, Wert­grund and Datarel­la. The pur­pose of RRE is to offer blockchain-based prod­ucts and solu­tions to the real estate indus­try, which itself is a late adopter regard­ing dig­i­ti­za­tion. We decid­ed to start RRE with the tok­eniza­tion of a Hammer-owned prop­er­ty, locat­ed in Munich. With the Con­nex build­ing, we have a first class prop­er­ty in one of the best real estate loca­tions in Europe, with first class ten­ants — in short: the best prod­uct you can imag­ine. By tok­eniz­ing this prop­er­ty, we pro­vide the per­fect invest­ment oppor­tu­ni­ty — espe­cial­ly for retail investors — since invest­ments start with the amount of 5 EUR per trans­ac­tion.

We start sell­ing Con­nex Coin at EXPO REAL, on 7 Octo­ber 2019. The token sale will end in mid Decem­ber. Con­nex Coin own­ers will receive an inter­est on their invest­ments and can sell Con­nex Coin back to the issuer. In the first phase, there will be no pub­lic trad­ing of Con­nex Coin, since at the moment there are noc EU-compliant cryp­tocur­ren­cy exchanges that offer trad­ing of secu­ri­ty tokens. How­ev­er, Con­nex Coin will be one of the first secu­ri­ty tokens that can be trad­ed on exchanges in early 2020.

We have already been approached by first real estate play­ers and we will cer­tain­ly offer tok­eniza­tion as a ser­vice star­tung early 2020. How­ev­er, tok­eniza­tion won’t be the only ser­vice: we are already woek­ing in a vari­ety of tools and prod­ucts that can be used by real estate devel­op­ers, own­ers and funds, rang­ing from KYC Onboard­ing process­es, to smart dig­i­tal wal­lets.

Team­ing up with Hans Ham­mer and Thomas Meyer is a great oppor­tu­ni­ty for us, not only to demon­strate the ben­e­fits of blockchain tech­nol­o­gy to a wider audi­ence and to prove the power of our RAAY Dig­i­tal Oper­at­ing Sys­tem, but also to work with two out­stand­ing entre­pre­neurs and their higly moti­vat­ed teams. Look­ing for­ward to a great future for RAAY RE!

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