New residential property fund London Digital Bond has teamed up with investment company London Chelsea and digital securities trading platform SolidBlock to raise funds through blockchain-based technology.
SolidBlock will launch the fundraising process next month for London Digital Bond. Digital security tokens will be issued to be used as tradable assets that can be bought and sold.
Investments will be available to be made for £10,000 and above.
It marks SolidBlock’s first blockchain-based fundraise project in the UK. The company previously launched the first commercial property blockchain-based fundraise for the St Regis Resort hotel development in Colarado, and raised $18m.
SolidBlock co-founder Amir Weitmann said: “We are creating a digital age financial instrument that provides the stability and upside potential of prime London residential properties, combined with the flexibility of trading on a top digital securities platform.”
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