Fundament Group Partners Tezos Foundation to Create Digital Securities Infrastructure
Berlin-based Fundament Group, a blockchain firm that aims to democratize access to financial investments by offering regulated real estate crypto tokens, announced on October 31 that it has teamed up with the Tezos Foundation in order to launch a “groundbreaking” legal-tech platform for tokenizing compliant financial products on the Tezos blockchain network.
Fundament has reportedly received an investment from the Tezos Foundation, in order to develop the new legal-tech solution.
As noted in a release shared with Ethereum World News:
“Fundament Group’s mission is to create an inclusive financial market by opening up institutional-grade financial products for all classes of investors while being fully regulated by and compliant with German and European capital market laws.”
Fundament Group was notably the first firm to be granted regulatory approval from Germany’s Financial Market Authority (BaFin) for issuing a €250 million (appr. $279 million) blockchain-enabled real estate bond.
The company’s first offering, Fundament Real Estate, is Germany’s first tokenized real estate bond launched on a public blockchain network. It’s currently available with “a minimum investment of €1,” the release noted.
As explained in the announcement:
“Fundament Group’s adoption of permissionless (public) blockchains means the tokenized bond is easily tradable and enables self-custody with many popular wallets.”
Based in Switzerland, the Tezos Foundation is a non-profit entity that is focused on supporting the ongoing development of the Tezos blockchain and its evolving ecosystem by providing strategic investments and promoting decentralized technology development and encouraging community participation.
“Right now, capital markets are segregated between professional and retail investors. Small investors, in particular, find it difficult to build sustainable wealth through attractive dividends and are largely restricted from investing in certain asset classes.”
“It is our vision to break down these barriers and build a truly inclusive market for financial products on a global level, without compromising on investor protection.”
“We look forward to working with the Fundament Group as it is providing end to end infrastructure for the lifecycle of securities. We are aligned in our vision to challenge the current financial system and we very much look forward to a productive and fruitful partnership.”
In September 2019, Fundament Group received an investment from Germany-based real estate firm Bauwens Group. The property developer reportedly has a managed project development pipeline of around €6.7 billion (appr. $7.5 billion) and more than 370 employees on its payroll.