The building on the main street of the Swiss city of Zurich was tokenized and sold with the help of a blockchain for $134 million. BrickMark became the new owner of the building.
BrickMark issued tokens secured by bonds, which, in essence, are “shares” of the building’s ownership. Tokens were sold to private investors who wanted to receive part of the profit for the rental of the building, as well as profit from the growth in the value of the real estate.
The previous owner of the building, RFR Holding, retained part of the property. It will receive 20% of the issued tokens and will profit from the rental of premises.
“Previously, there was no tokenization of real estate of such a volume. All this was just a concept, but now we are applying this technology in real estate activities,” BrickMark CEO Stefan Rind said.
According to BrickMark, in the future, the company plans to build a substantial business on tokenized real estate.
Technical analysis of Bitcoin (BTC):
Over the past day, the price of bitcoin rose slightly to the resistance level of $8,860. After three attempts to break through the resistance level of $8,900, the price of bitcoin fell to the support level of $8,570. Now, it is $8,660. In the future, we expect a slight decrease in the price of bitcoin with a subsequent growth. The nearest resistance levels are $8,900, $9,000, $9,200. The nearest support levels are $8,570, $8,400, $8,250, $8,140, $8,000, $7,900, $7,800, $7,640, $7,500.
Technical analysis of Ethereum (ETH):
Over the past day, the price of ethereum rose slightly to the resistance level of $168.5. After such an increase, it fell to the support level of $157. Now, the price of ethereum is $163. We predict the continuation of the upward movement. The nearest resistance levels are $166, $171, $173, $175, $180. The nearest support levels are $158, $155, $152, $150, $147.
Technical analysis of Ripple (XRP):
Over the past day, the price of ripple dropped to the support level of $0.2220. Now, the price of ripple is $0.2265. We predict the continuation of the upward movement. The nearest resistance levels are $0.23, $0.2320, $0.24, $0.2450, $0.25, $0.2550. The nearest support levels are $0.2240, $0.22, $0.2170, $0.21, $0.2090.