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Crypto Valley: two pioneers open the global real estate market
SÃO PAULO and ZUG, Switzerland, May 23, 2024 /PRNewswire/ — Tokenization pioneers Dynasty Global Investments AG (Dynasty) and Zug/Switzerland-based BrickMark Group AG (BrickMark) today signed an agreement according to which BrickMark will integrate the D¥N payment token issued by Dynasty into its real estate tokenization platform. In exchange, Dynasty will acquire a strategic stake in BrickMark. The investment, amounting to CHF 10 million, will be part of BrickMark’s Series A financing and will be settled primarily with payment tokens and Dynasty cash. The financing is expected to close by the end of June 2024.
This transaction represents a significant step for both companies as part of their growth strategy in global real estate markets. The D¥N real estate-focused payment token issued by Dynasty will take a leading role in tokenized real estate transactions in the future. From now on, real estate tokenized through the BrickMark platform can be traded with D¥N without any additional effort.
BrickMark is set to tokenize real estate assets worth over CHF 1.5 billion on its platform in the coming months, of which CHF 400 million already comes from the Dynasty network. Through its BrickGate tokenization platform, BrickMark is already active in Switzerland, Germany, Austria, Luxembourg, Hong Kong, the United Arab Emirates and across the African continent. The collaboration with Dynasty will significantly expand BrickMark’s reach to the Americas. Dynasty token holders will have preferential access to any real estate token offerings from the BrickMark platform in the future.
Eduardo Carvalho, CEO and co-founder of Dynasty Global AG, hopes that the company’s token will establish itself worldwide as a Tether for the real estate market. “Each cryptocurrency goes through several validation processes. In the case of Bitcoin, this happened for the first time in 2010, when it was accepted for the purchase of two pizzas. For D¥N, the integration into the BrickMark platform is a strategic step that further reinforces its value.”
For Stephan Rind, CEO and founder of BrickMark Group AG, the integration of D¥N and the participation of Dynasty Global AG marks another important milestone in the company’s growth strategy. “Thanks to D¥N, we are now able to offer a uniform and cost-effective solution for a wide range of real estate transactions around the world based on a universal and recognized cryptocurrency, providing private and institutional investors with access to markets that were previously only open to a few.
D¥N has successfully completed the authorization process in Switzerland and is qualified as a payment token by the Swiss Financial Market Supervisory Authority. On May 1, 2024, in addition, the CVM, the Financial Market Authority of Brazil, authorized D¥N as a payment token for the Brazilian market with its base of 220 million consumers. Dynasty Global AG is regulated by the Swiss financial market supervision regime. With a maximum issuance of 21 million tokens, D¥N is currently listed in Brazil through Mercado Bitcoin and with other international exchanges.
About
Dynasty Global AG
Dynasty Global AG is the first cryptocurrency issuing company in the world to use a real estate portfolio as a reference for its payment tokens. Through D¥N, the issuer can simplify financial and real estate transactions globally and provide a decentralized experience, as well as greater stability, since it has a reference value of a real asset. With a strong presence in the European, Asian and Brazilian markets, the company is headquartered in Zug, in Crypto Valley, Switzerland. With a maximum of 21 million tokens issued, D¥N is listed on several global exchanges and, in Brazil, is available on the Mercado Bitcoin exchange.
BrickMark Group AG
BrickMark Group AG is a leading pioneer in the tokenization of real estate assets and a comprehensive solutions provider for creating, issuing and managing digital assets and securities. Since its inception in 2018, the company has been a leader in a variety of transactions, including the world’s largest tokenization of a single commercial property on Bahnhofstrasse in Zurich. To date, the company has executed tokenization transactions with a total value of more than $160 million. BrickMark developed and operates the first fully scalable vertical tokenization infrastructure for real estate assets in Europe, BRICKGATE, to serve the rapidly growing tokenization markets, the volume of which is expected to grow from $310 billion in 2022 to $16 trillion in 2030. BrickMark Group is headquartered in the canton of Zug and has a subsidiary in Luxembourg.
Contact
Brazil: Team MOTIM
Paola Cruvinel – paola.cruvinel@motim.cc 11 98669-5183 Raphael Bueno – raphael.bueno@motim.cc 11 99723-7397 Caroline Tondato – caroline.tondato@motim.cc 11 98183-4482
Switzerland and Europe
Wolfgang Weber-Thedy, wwt@weber-thedy.com 41 44 266 1586
Jessica Winkler, j.winkler@brickmark.net Investor and Public Relations BrickMark Group AG 49 176 1816 0008
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