With our team at RAAY RE, we proudly present Connex Coin — the first real estate investment token that qualifies as an investment according to German and EU law. Connex Coin is the appropriate investment option for investors looking for a combination of an innovative, digital investment channel and the most secure asset you can find: real estate: Introducing Connex Coin – Germany’s First Real Estate Investment Token.
At EXPO REAL 2019, Europe’s largest real estate fair, we presented the first details. We now received the final approval by German financial regulatory body BaFin and have started with the sale of Connex Coin, open to Friends & Family. Here’s the story of Connex Coin.
The idea of Connex Coin was born in 2018. Then, we discussed 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 afterward, 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, as a team.
Fast forward: In July 2019, we founded our new company RAAY Real Estate (RAAY RE) as a joint venture of Hammer, Wertgrund, and Datarella. The purpose of RAAY RE is to offer blockchain-based products and services to the real estate industry, which itself is a late adopter regarding digitization efforts. We decided to start RAAY RE with the tokenisation of a Hammer-owned property, located in central 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 for the start of a product category in your company!
By tokenizing this property, we provide the perfect investment opportunity — especially for retail investors — since individuals can become real estate investors starting at 10 EUR. The Connex Coin token sale will take place from March to May 2020. Connex Coin owners will receive an interest of 3% 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 no EU-compliant cryptocurrency exchanges that offer trading security tokens. As soon as there is approval from financial regulators, Connex Coin will be one of the first security tokens listed on exchanges in Europe.
Connex Coin is the first token issued by RAAY RE, others will follow. We are planning to launch more token sales for self-owned real estate properties in 2020. Additionally, we will offer tokenization as a service to players in the real estate industry. This offering comprises the complete tokenization process, including technical, legal, and regulatory elements, based on an existing long-term real estate expertise.
In addition to our tokenization service, at RAAY RE we offer 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 (crypto) wallets. Our clients benefit from the in-depth technical expertise of Datarella, known for running large blockchain projects on a global level.
With the launch of Connex Coin, RAAY RE can prove that blockchain technology can be leveraged to make payment and transaction processes within real estate more efficient, thus paving the way to a digitized future for the real estate industry.
The acquisition of this investment involves considerable risks and can lead to the complete loss of the invested assets.