BrickMark Group attracts CHF10 million from a strategic investor

Tokenization pioneers Dynasty Global Investments AG and BrickMark Group AG, based in Zug, finalized their strategic partnership agreement last weekend with Dynasty’s acquisition of a strategic stake in BrickMark as part of a Series A Financing. The closing was marked by the transaction of the investment amount equalling CHF 10 million, which was executed with Dynasty’s payment token D¥N in real time on the Ethereum Blockchain in front of the participants of the Swiss Web3 Fest last Saturday.

Dynasty Global AG is the first cryptocurrency issuing company in the world to use a real estate portfolio as a reference for its payment tokens D¥N. BrickMark Group AG is a first-tier pioneer in the tokenization of real estate assets. Since its inception in 2018, the company has been a leader in a variety of transactions, including for the world’s largest tokenization of a single commercial property on Bahnhofstrasse in Zurich. To date, the company has executed tokenization transactions with a total value of more than USD 160 million. BrickMark developed and operates the first fully scalable vertical tokenization infrastructure for real estate assets in Europe, BRICKGATE, to cater to the rapidly growing tokenization markets.

Under the terms of the agreement BrickMark will integrate the D¥N payment token issued by Dynasty into its tokenization platform for real estate. In return, Dynasty will acquire a strategic stake in BrickMark. The investment totaling CHF 10 million is part of the Series A financing of BrickMark and settled with Dynasty’s payment token.

Through its tokenization platform BrickGate, BrickMark is already active in Switzerland, Germany, Austria, Luxembourg, Hong Kong, the United Arab Emirates, and across the African continent. The collaboration with Dynasty will significantly extend BrickMark’s reach to the American continent. BrickMark is set to tokenize real estate assets worth over CHF 1.5 billion on its platform in the coming months, with CHF 400 million of these assets already sourced from Dynasty’s network. 

D¥N has successfully completed the authorization process in Switzerland and is qualified as a payment token by the Swiss Financial Market Supervisory Authority. On May 1, 2024, in addition CVM, the Brazilian Financial Market Authority, authorized D¥N as a payment token for the Brazilian market with its 220 million consumer base.

For Stephan Rind, CEO and founder of BrickMark Group AG, the public real time settlement of the investment with D¥N confirms the rise and acceptance of real estate backed digital securities and digital assets. “We are pleased that Dynasty Global Investment is leading our Series A round. Settling the investment in real-time with no middleman or bank involved shows the capabilities of blockchain technology also for the future of Private Equity and Venture Capital markets. It as a historic moment by two pioneers in the tokenization industry.”

(Press release / SK)