Brickblock, a technical service provider facilitating real estate investments on the blockchain, has partnered with solarisBank AG, the tech platform with a banking license, to launch a state-of-the-art digital investor clearing process. The first investment is also live, Holt Hill, is a 50-unit residential property located in Birkenhead, United Kingdom and is offered by Brickblock client Hillview Homes. The funding period will open in the coming weeks.
The process will require those looking to invest in Brickblock clients’ investment opportunities to submit AML/KYC (“Anti-Money Laundering”/”Know Your Customer”) information to be reviewed by solarisBank. solarisBank has a German banking license and enforces the highest standard of regulatory compliance. This aligns with Brickblock’s effort to establish legal frameworks in various European jurisdictions that allow the company’s clients to list investment opportunities via Brickblock. A robust clearance process is integral for Brickblock’s mission to allow anyone to invest in real estate from around the world regardless of their country of residence (some restrictions apply). Cutting out middlemen from traditional clearance processes means investments incur only a fraction of the fees associated with investing via traditional financial institutions, and significantly reduces the complexity of accessing investment opportunities.
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