CROWDLITOKEN AG launches one of the most successful digital financial products, closing the first funding round at CHF 16 Million in April 2020. The Liechtenstein-based Fintech company issues digital bonds that allow investors to create individual real estate portfolios.
After the Liechtenstein Financial Market Authority (FMA) approved the digital real estate investment product in April 2019, CROWDLITOKEN AG started a Digital Product Offering (DPO), issuing and selling real estate bonds in various European countries including Switzerland. Recently, the DPO successfully completed the first round with 16 million bonds sold.
The real estate investment of the future
CROWDLITOKEN AG offers a sophisticated alternative to indirect real estate investments, such as funds and direct real estate investment options and has so far attracted around 454 investors. Over 300 interested parties are currently in the pipeline for the next round.
Now that the first funding round has been closed, CROWDLITOKEN AG is taking the next steps: from 25 April 2020, investors will benefit from the minimum interest rate of 1.25% and in summer 2020, they will be able to allocate their bonds (CRTs) on selected investment properties. This will allow returns to increase to 5 to7% p.a.. The experienced real estate team of CROWDLITOKEN AG is now starting to create the real estate portfolio, with first properties to be purchased in Switzerland and Germany. Together with the investors’ money a portfolio worth around CHF 30 million will be put together. Two properties in Switzerland have already been reserved.
The next bond tranche is already planned
For the portfolio to grow continuously and to achieve the goal of a European portfolio, CROWDLITOKEN AG will likely launch another bond instalment in the second quarter of this year. Following the successful completion of the DPO, interest has risen sharply and further investors enquiries have already been received. A waiting list is currently being maintained.