We are excited to announce a partnership with JTC, a global and publicly listed provider of fund, corporate and private wealth services to institutional and private clients. JTC will facilitate select real estate investments in cooperation with our real estate clients.

Brickblock is the technical service provider for real estate investments on the blockchain. Our clients are the asset providers, and JTC will support select investment processes as the legal custodian of issued shares (also known as the nominee).

JTC is also responsible for holding investors’ funds in escrow and clearing eligible investors, and will provide administration services to the structure of our clients’ offerings. Furthermore, the company will sit on the board that manages select real estate assets provided by our clients. JTC therefore plays an integral role in Brickblock’s effort to facilitate real estate investments in a way that’s cheaper, more efficient, and more accessible than via traditional financial institutions.

The first real estate offering

Our partnership’s first fruitful collaboration involves Hillview Homes Limited, which will offer the real estate asset Holt Hill based in Birkenhead, United Kingdom by utilizing Brickblock’s proprietary software.

Hillview Homes represents our first real estate asset offering on the blockchain. The second is set to be a real estate fund launched in collaboration with Peakside Capital. The technology at the foundation of these offerings, and all future offerings, recently passed a successful audit by industry leaders ConsenSys Diligence. Our partnership with solarisBank, meanwhile, ensures investors are cleared according to the highest regulatory standards.

Benefits of Brickblock

Investors in Hillview Homes through the Brickblock portal will benefit from the unique benefits of our blockchain-based service — low fees, fast settlements, and limited geographic restrictions — backed by JTC’s professional and secure management. Most notably, investments facilitated by Brickblock are not restricted to long-term holds, enabling investors are to trade or sell their shares at any time. JTC is a key component of the structure that allows Brickblock to create liquidity for an otherwise very illiquid asset class.

Jakob Drzazga, founder of Brickblock, said: “JTC’s expertise is integral for realizing the potential of blockchain technology to positively impact the real estate investment process. Working together with a company of JTC’s calibre will reinforce the confidence of our clients and potential investors when it comes to Brickblock’s offering.”

Carlo Martinengo, Director of Corporate Services at JTC, said: “We were delighted to be selected as partner to Brickblock for this exciting and innovative launch and look forward to continuing to support them by providing specialist guidance and ongoing administration support.”