Building Block has created its first North American REIT to embrace the emerging efficiencies of blockchain technology and provide a new way to invest in one of the world’s most well-known and trusted assets, real estate.
Blockchain technology will enable Building Block REIT to virtually eliminate friction in REIT shareholder communication by allowing direct dividend disbursement, secure user voting, and smart contract functions that execute automatically when pre-set parameters are met.
Building Block REIT plans to raise funds in the form of a digital initial public offering (digital IPO) accepting payments via U.S. dollars or fractional Ethereum cryptocurrency. Investors worldwide will be able to purchase shares in Building Block REIT on SEC-compliant alternative trading systems (ATS) or peer-to-peer exchanges with whitelisted parties to invest in U.S. commercial office, multifamily and mixed-use real estate.
