BlockchainK2 (OTC:BIDCF) says it has invested in RealBlocks – a company that aims to provide a platform to launch and operate private funds. The terms of the deal were not immediately available. BlockchainK2 is a microcap valued at around $7.85 million. TYhe company said it had acquired a majority interest in RealBlocks.
BlockchainK2 seeks to create a bridge from the blockchain sector to traditional capital markets.
In a release, the CEO of BlockchainK2, Sergei Stetsenko, said they are advancing the automation of financial markets and they are excited about leveraging generative AI and tokenization.
“Decentralized, open-source smart contract protocols are enabling the tokenization of real-world assets — including equity and debt, making capital raises faster and more efficient. This is because blockchain technology limits inter-party dependency and creates transparency in an industry where information has traditionally been siloed. Tokenization also creates greater efficiencies, reducing operational expenses. Compliance requirements, for example, can now be programmed into tokens via smart contracts, reducing the effort and expense of on-going compliance efforts. Given this speed and efficiency, tokenized assets will allow for wider ownership, deepening markets and globalized micro-investing in all assets,” said Stestsenko.
BlockchainK2 invests in blockchain-based companies, currently holding interests in three different firms, including RealBlocks.
