Brickblock.
Brickblock introduces the first platform where users can seamlessly invest in real estate funds (REFs), exchange-traded funds (ETFs), passive coin-traded funds (CTF) and active coin managed funds (CMFs) through a streamlined process and with significantly lower costs than traditional investing.
Each fund on the Brickblock platform has its own denomination and its own “proof-of-asset” (PoA) token which, via established token exchange platforms, can be traded simpler, faster and cheaper than on conventional stock markets. Our asset-backed PoA tokens empower investors to hedge the risk of cryptocurrencies in real assets without needing to convert their cryptocurrency into a fiat currency. All dividends and coupons are automatically transferred to token-holders through self-executing smart contracts on the Ethereum network. The content of the smart contract and the PoA token itself is unalterable, cryptographically secured and visible to everyone on the blockchain.
To ensure the safety of the underlying assets represented by the PoA token, a digital trust fund holds the exact same amount of fund shares as tokens issued. This securities account cannot be claimed by Brickblock, the broker or anyone else, and is protected by strict laws regarding trust funds, even in the case of bankruptcy. Only token holders may reclaim their fund shares, at any time.
Brickblock’s infrastructure will be implemented as a decentralized application (Dapp) and run on the Ethereum network. Broker-dealers and fund managers will be able to list their investment opportunities on the platform, after being thoroughly verified by Brickblock through e.g. proof of residence, credit reports and criminal record. Based on their personal risk/reward ratio, investors can then select an investment from the offered funds to add to their diversified portfolio. All fees, minimum investment pools, exchange rates, holding periods, net asset values, dividends or coupon payments will be listed clearly and thus, can easily be compared. All investment opportunities will be carefully validated and audited by independent parties (such as EY) to eliminate fraud.
Difference to Existing Projects.
- Legal Enforceability of Claims
Brickblock enters a legally binding contract with every fund manager and every broker-dealer. In contrast to direct and trust-based investments in fund managers, this adds an additional layer of security for investors. On the Brickblock platform, every fund manager has a direct liability to the investor, which is enforceable through legal action.
- Full Market Exposure
We believe that CFDs and other derivatives rely too much on trust and moderate price trends. In the world of cryptocurrencies, where flash crashes and price movements of >200% on a single day are a regular phenomenon, we consider CFDs no suitable instrument for mid- and long-term investments. Thus, Brickblock only allows physical shares, commodities and currenciesinstead of betting on derivatives.
- Escrow-backed Security for Investors and Brokers (asset-first principle)
Brickblock’s smart contracts will only release investors’ funds to the broker-dealer after the broker-dealer transfers the assets to the digital trust fund. This represents a new way of conducting clearing and settlement. Through automated smart contracts, the broker-dealer receives the investors’ funds immediately after transmitting the assets. Initially, until new broker-dealers trust Brickblock’s asset-first smart contracts, Brickblock will deposit the investor’s funds in escrow as collateral. Therefore, if a smart contract does not activate, the broker-dealer can claim the escrow.
- Connecting Old and New Economy
Brickblock builds a bridge from the traditional investment world into the digital realm. We are leveraging existing infrastructure to enable faster adoption of this new system. All Brickblock transactions are legally accepted and enforceable in a court of law.
It is up to us, to make trading, clearing and settlement with any kind of assets as easy and secure as transferring a bitcoin.
Website: https://www.brickblock.io/
the Brickblock token sale ANN thread: https://bitcointalk.org/index.php?topic=1966929.0
My Profile Bitcointalk: DmitriySar https://bitcointalk.org/index.php?action=profile;u=1156662
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