Fundament Group Receives Approval From German Regulator For €250M Blockchain-Based Real Estate Bond

Blockchain, News, Regulation | July 24, 2019 By:

Fundament Group has received approval from the German Financial Market Supervisory Authority (BaFin) to distribute the country’s first tokenized real estate-backed bond worth €250 million ($280M USD).

Fundament Group, which offers a one-stop-shop solution for tokenizing investments, said in a press release that the bond is based on the ethereum blockchain and powered by the ERC-20 token standard.