The rumours are true and confirmed, Peakside is launching a blockchain-based fund. European investment manager Peakside Capital Advisors has launched a blockchain-backed real estate fund that will be focusing on the German market. The fund will be focusing on assets in the range of €15-€75 million ($17-$85 million). Peakside confirmed the rumour in a press release on 12th June.
The fund is a product of a partnership between Peakside and Brickblock, a German tech platform that operates a blockchain-based investment management platform ScalingFunds.
Peakside is “looking to utilise the advances in digital technology to increase liquidity and transferability in the real estate fund sector as well as to broaden our investor base,” as Stefan Aumann, founding partner of Peakside, announced in the press release.