Germany Gains Blockchain Real Estate Fund From Investment Manager Peakside A deal with local company Brickblock launched Peakside Income Fund 1, which has an equity target of €200 million. Bricklock operates ScalingFunds, an investment management platform that runs on blockchain. The startup tokenized its first property in March this year, as reported by Cointelegraph Deutsche.
The fund, which focuses on assets between €15 and €75 million ($17-$85 million), is a product of a partnership with German funds-as-a-service technology platform Brickblock. In today’s press release, Stefan Aumann, founding partner of Peakside, commented that they are “looking to utilise the advances in digital technology to increase liquidity and transferability in the real estate fund sector as well as to broaden our investor base.”