We are excited to announce a partnership with solarisBank AG, the tech platform with a banking license, to launch a state-of-the-art digital investor clearing process.

The process will require those looking to invest in our clients’ investment opportunities to submit AML/KYC (“Anti-Money Laundering”/”Know Your Customer”) information to be reviewed by solarisBank. solarisBank has a German banking license and enforces the highest standard of regulatory compliance.

This aligns with our effort to establish legal frameworks in various European jurisdictions that allow our clients to list investment opportunities via Brickblock.

The first real estate offering

The first investment, Holt Hill, is a 50-unit residential property located in Birkenhead, United Kingdom and is offered by Brickblock client Hillview Homes. The funding period will open in the coming weeks.

Investors will be able to submit all necessary documents, as well as complete video identity verification via solarisBank partner IDnow, online in less than half an hour.

Appointments with notaries, paper document scanning and submissions, and wet-ink signatures are just some of the aspects to be streamlined by our integration of solarisBank’s AML/KYC solution.

Benefits of Brickblock

A robust clearance process is integral to our mission to allow anyone to invest in real estate from around the world regardless of their country of residence (some restrictions apply). Cutting out middlemen from traditional clearance processes means investments incur only a fraction of the fees associated with investing via traditional financial institutions, and significantly reduces the complexity of accessing investment opportunities.

One of Brickblock’s key benefits is allowing investors to sell their share of an investment at any time, which introduces liquidity to an otherwise illiquid market. The clearance process ensures that shares can only be traded to other investors who have passed the AML/KYC process. This guarantees security and regulatory compliance regardless of how many times an investment is traded. Furthermore, the asset manager will always know the identity of an investment’s new shareholder (recipient) in the case that it is traded.

“By automating our processes through solarisBank we can offer our clients an institutional-grade AML/KYC service that ensures compliance at the highest level,” said Brickblock founder Jakob Drzazga.