Fundament Group, an end-to-end security issuance solution for asset tokenization, announced today a strategic investment from the Tezos Foundation to introduce legal-tech solutions for tokenizing regulated financial products to the Tezos network.
Fully regulated and compliant with German and European capital market laws, Fundament Group was the first company to receive approval from the German Financial Market Authority (BaFin) for a €250m blockchain-based real estate bond.
Tokenized Real Estate Bond
Its first product, Fundament Real Estate, is the country’s first tokenized real estate bond issued on a public blockchain, available with a minimum investment of €1.
Fundament Group’s adoption of permissionless blockchains means the tokenized bond is easily tradable and enables self-custody with many popular wallets.
“Right now, capital markets are segregated between professional and retail investors. Small investors, in particular, find it difficult to build sustainable wealth through attractive dividends and are largely restricted from investing in certain asset classes. It is our vision to break down these barriers and build a truly inclusive market for financial products on a global level, without compromising on investor protection.”
– Florian Glatz, Co-Founder of Fundament Group
In September, Fundament Group landed Bauwens Group as a strategic investor – a German real estate developer with a managed project development pipeline of €6.7 billion and over 370 employees.
“We look forward to working with Fundament Group as it is providing end to end infrastructure for the lifecycle of securities. We are aligned in our vision to challenge the current financial system and we very much look forward to a productive and fruitful partnership.”
– Hubertus Thonhauser, board member of Tezos Foundation
Tezos Foundation is a Swiss non-profit foundation supporting the long-term success of the Tezos blockchain and its ecosystem by funding projects and encouraging decentralized development and participation.