This awesome project promises to be 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.
Investing in Brickblock will ensure a more financially inclusive investment opportunity across all income classes. Artificial geographical trading restrictions, including the need for a bank account, can thus be eliminated and ultimately, counterparty risk can be reduced to mere minutes.
Among all other awesome features embedded in the Brickblock platform, it also new system of passively managed cryptocurrency baskets, which reduces the risks and high fees of actively managed coin funds by using liquidity providers, incentivized by arbitrage effects.
HOW IT WORKS
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.
HOW SAFE CAN THIS BE?
In other 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 and Broker-dealers and fund managers will be able to list their investment opportunities on the platform, after being thoroughly verified by Brickblock.
WHAT IS NEW IN BRICKBLOCK
This all interesting platform has come with a whole lot of innovations to take the lead in the market.
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.
Thus, Brickblock only allows physical shares, commodities and currencies instead of betting on derivatives.
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
We are leveraging existing infrastructure to enable faster adoption of this new system. We believe that a transition from old to new is best achieved by building bridges, not burning them.
Join this investment platform that empowers people from all income classes now and diversify their crypto-portfolio with real-world assets like ETFs and REFs.
https://www.brickblock.io/index.html
https://t.me/brickblock
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