Proptech KlickOwn Launches First Security Token Offering for Real Estate in Germany

KlickOwn has launched its first security token offering for real estate in Germany.

Launched in mid-2019, the first digital security is for a building based in Lüneburg, Germany. The offering is debt-based seeking up to €1.5 million. As of today, the offering has raised over €350,000. Investors may anticipate a 5% annual rate of return on a “token-based bond.” The offering will accept as little as €10.

The property itself is old. In fact, the historic building was first mentioned in 1342, according to the offering page, and is said to be one of the oldest houses in Lüneburg.

The platform is using technology provided by BitBond – a Fintech that issued its own digital bond and then took that experience and turned it into a business line.

Earlier this year, Wladimir Huber, founder and CEO of Klickown, told Welt:

“Through the intelligent use of blockchain technology, we can significantly reduce costs compared to traditional investment opportunities in the real estate world.”

And that is the benefit. Easier access to an asset class that, in the past, was difficult to efficiently invest in due to many hurdles and excessive fees. By leveraging blockchain technology, friction is removed, cost is reduced and smaller investors may participate. Of course the property in question must be a good opportunity as well.

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