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Fundament secures investment from Tezos Foundation to enhance digital securities infrastructure

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Shampa Mani reporter

Thu, 31 Oct 2019, 11:18 am UTC

Asset tokenization platform Fundament has received a strategic investment from Tezos Foundation, a Swiss non-profit foundation fostering the Tezos blockchain and ecosystem.

Last month, Bauwens Group, one of Germany's leading real estate project developers, acquired 15 percent shares of Fundament. Prior to that, the Germany-based startup received approval from the Financial Market Supervisory Authority (BaFin) for a tokenized real estate bond, with an issue volume of €250 million.

Fundament’s first product, Fundament Real Estate, is the country’s first tokenized real estate bond issued on a public blockchain, available with a minimum investment of €1. The tokenized bond is easily tradable and enables self-custody with many popular wallets.

According to a press release shared with TokenPost on Oct. 31, Fundament and Tezos Foundation are teaming up to boost the implementation of decentralized financial infrastructure. Fundament will be providing its legal-tech solution for tokenizing regulated financial products enhancing the digital securities infrastructure for the Tezos network.

Noting the current segregation of capital markets between professional and retail investors, Florian Glatz, Co-Founder of Fundament Group, said that small investors particularly 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,” Glatz said.

With the ultimate goal of advancing the Tezos protocol and growth of the Tezos ecosystem, Tezos Foundation has been funding projects and encouraging decentralized development and participation.

“We look forward to working with Fundament Group as it is providing end to end infrastructure for the lifecycle of securities,” added Hubertus Thonhauser, board member of Tezos Foundation. “We are aligned in our vision to challenge the current financial system and we very much look forward to a productive and fruitful partnership.”

Just recently, Alliance Investments, a UK-based real estate investment company, collaborated with tZERO to tokenize $643 million worth of property. It plans on tokenizing at least $25 million of the value of River Plaza. The security token offering (STO) will be digitized using tZERO’s tokenization technology and Megalodon’s advisory services and issued on the Tezos Blockchain.

TokenPost | [email protected]

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