Bricksdock is a white-label platform for professional, digital real estate investments. Asset managers and portfolio holders can place individual properties and entire portfolios on the platform for the acquisition of shares, which are first subjected to a critical review process. Only selected properties that meet strict screening criteria make it onto the platform. Bricksdock enables capital to be raised in the form of equity, debt or mezzanine capital, depending on the structure, in the form of a digital club deal via the blockchain.

Bricksdock is aimed at investors from a subscription amount of EUR 100,000. These can be categorized as professional, private or qualified. As an investment platform in the DACH region, the company is based on the respective national legal framework for categorizing investors. Bricksdock works with authorized distribution partners such as family offices and banks, through which access can be established. can be established.

Bricksdock works in partnership with asset managers, portfolio holders and project developers in the DACH region, primarily in the key markets of Germany and Switzerland, in the residential, office, retail, logistics and operator real estate asset classes. Depending on the company form, structuring and capital requirements, the real estate products can be set up in various forms that are currently legally possible, such as a bond (e.g. bearer bond) or in the form of a registered share (legal form AG).

Behind Bricksdock is made up of real estate professionals and technology experts. The team combines decades of experience in the real estate industry with in-depth digital know-how. This combination gives the team a deep understanding of all steps in the investment process and the value chain - combined with the desire to achieve the highest possible effectiveness through digitalization. through digitalization. The management and founding team is complemented by an advisory board of experienced industry experts.

Digital real estate tokens are tokenized securities or company shares that are economically linked to a real estate project - e.g. in the form of registered shares, profit participation rights or tokenized bonds.

The tokens themselves are issued on the blockchain and kept in the digital register of a regulated provider. Depending on the structure, they securitize capital rights (e.g. repayment, interest, income) or participation rights (e.g. voting rights, dividends) in a special purpose vehicle (SPV) that directly holds or controls a property.

The underlying asset is therefore not the property itself, but a digitally mapped equity or debt instrument that is economically linked to it.

Digital real estate tokens offer higher liquidity, lower entry barriers, quick and easy transactions and increased transparency and traceability thanks to blockchain technology. They also facilitate access to real estate investments by listing property data transparently and eliminating the need for transaction brokers. The circle of interested investors can be significantly expanded via a digital platform. Once trading venues have been established, tokens can also be bought and resold there.

Investors can gain access to the digital real estate investments either via authorized distribution partners (e.g. family offices, banks, asset managers) or directly via Bricksdock.

Automated self-registration is currently not provided - investors must contact Bricksdock directly to start the registration process. After successful identification (KYC) and activation, they can participate in the investment process.

In Bricksdock's core markets of Germany and Switzerland, there are specific legal requirements for the issue and management of digital securities:

• In Germany, the Electronic Securities Act (eWpG) forms the regulatory framework for the issue of digital bonds and shares.

• In Switzerland, the DLT Act and the register value law regulate the tokenized representation of assets on blockchain systems.

Both regimes enable the legally secure issue of digital securities (tokens) on the basis of national capital market standards. In addition, the MiCAR Regulation, which creates a uniform framework for crypto-assets, will apply at EU level in future.

Depending on their structure, tokenized real estate investments are subject to securities, supervisory and money laundering law. Bricksdock works with specialized law firms to ensure the appropriate legally compliant structuring for each product.

The value of a property is first determined by an independent third-party valuation (e.g. by a due diligence partner) and an internal review. This ensures that the price is in line with market conditions. With platform access, investors can view the development of their investments and related project information at any time via the platform dashboard.

At a later date, there will probably also be opportunities for token trading on authorized digital secondary markets.

The overall process depends on the complexity of the project and the completeness of the documents submitted. It can take between several weeks and a few months. The technical tokenization itself (known as minting) takes place within a few hours.

The technological basis is the Noumena Programming Language (NPL). It is a "protocol modeling language" for the precise modeling of contracts, business processes and smart contracts and offers a particularly high degree of regulatory mappability and automation.

No. Only the local currency specified by the asset manager or portfolio holder (e.g. euro or Swiss franc) is currently accepted as a means of payment. Bricksdock works with regulated partners for payment processing and custody.

Stablecoins or Bitcoin payment options are also conceivable in the next stages of development.