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Sumitomo and bitFlyer to Build Blockchain Real Estate Platform in Japan

Japanese commercial giant Sumitomo Corporation has partnered with a sister company of local cryptocurrency exchange bitFlyer to launch a blockchain real estate business.As Cointelegraph Japan reported on July 23, bitFlyer Blockchain will develop an umbrella platform for renting real estate, driven by smart contracts on its in-house Miyabi blockchain. Speaking

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German Regulator Greenlights $280 Million Ethereum Real Estate Bond

The German Federal Financial Supervisory Authority (BaFin) approved an Ethereum-based real estate bond of security issuance firm Fundament Group. The company announced the news in a press release shared with Cointelegraph on July 23. Regulated real estate bonds on the Ethereum blockchainThe given bond backed by a portfolio of properties

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How Blockchain Could Change the Real Estate Investment Landscape

David Hodge is the director of European operations for AEI Consultants, an employee-owned international consulting firm that provides comprehensive services to commercial lenders, property owners, managers, tenants, and developers, industries, institutions, government agencies and insurers, including many Fortune 500 companies. Founded in 1992, AEI is based in the San Francisco

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Germany Gains Blockchain Real Estate Fund From Investment Manager Peakside

European investment manager Peakside Capital Advisors has launched a real estate fund for the German market using blockchain technology, the company confirmed in a press release on June 12.The fund, which focuses on assets between €15 and €75 million ($17-$85 million), is a product of a partnership with German

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US National Association of Realtors Invests in Blockchain-Based Real Estate Firm Propy

A major United States trade association, the National Association of Realtors (NAR), has invested in blockchain-based real estate platform Propy, Forbes reports on June 10.The NAR’s strategic investment arm, Second Century Ventures, has invested an undisclosed amount in Ethereum blockchain-based startup Propy as a part of its commercial real

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Dubai Real Estate Department Signs MoU With Telecoms Firm to Implement Blockchain

The Dubai Land Department (DLD) and telecoms firm Etisalat have signed a memorandum of understanding concerning real estate blockchain technology, United Arab Emirates-based outlet Gulf Today reported on June 10.The DLD works under the Executive Council of Dubai in real estate-related services, while Etisalat is a multinational, Emirati firm that serves

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Enterprise Ethereum Alliance Releases Report on Blockchain Use Cases in Real Estate

The Enterprise Ethereum Alliance (EEA) has detailed several blockchain use cases relevant to the real estate industry in a report shared with Cointelegraph on May 23.The document is reportedly the result of several months of work by the group’s members, which includes over 50 real estate companies. The report

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Barclays and RBS Have Reduced the Real Estate Transaction Process Four Times: Who Benefits?

Recently, Barclays and the Royal Bank of Scotland (RBS), with the participation of enterprise software company R3, successfully tested a blockchain project that will speed up real estate transactions.Such a solution can provide transparent and fast operations for the end user, R3 officials say. However, is it already possible

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