Blockchain Firm Fundament Group, Tezos Foundation Partner To Develop Digital Securities Infrastructure

Blockchain, News | November 1, 2019 By:

Berlin-based blockchain firm Fundament Group has announced a strategic investment from Tezos Foundation.

Fundament Group is an end-to-end security issuance solution for asset tokenization. The company claims to offer the first Real Estate Token fully approved by the German Financial Market Authority (BaFin) that represent a portfolio of German Commercial Real Estate – which generates a planned annual yield of 4% plus returns from possible sales revenues.

Tezos Foundation is a Swiss non-profit foundation supporting the long-term success of the Tezos blockchain and its ecosystem by funding projects and encouraging decentralized development and participation. The Tezos platform is a “self-amending” decentralized blockchain that facilitates formal verification, a technique which mathematically proves the correctness of the code governing transactions and boosts the security of the most sensitive or financially weighted smart contracts. In July 2017, Tezos raised $250 million, the largest-ever amount at that time, in an initial coin offering (ICO).

As part of the strategic investment, Fundament Group and Tezos will be working together to boost the implementation of decentralized financial infrastructure. Through this partnership, Fundament Group is providing its legal-tech solution for tokenizing regulated financial products, enhancing the digital securities infrastructure for the Tezos network.

“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,” said Florian Glatz, Co-Founder of Fundament Group. “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 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.”