Corporate Finance News, Hybrid Finance News

Lundi 4 Novembre 2019

First Sale of Building Through Blockchain Technology in Europe Completed by Investment Platform Equisafe for € 6.5 Million

On 25 June 2019, the 700 square meters so-called “AnnA” private mansion located in Boulogne-Billancourt (near Paris) became the first European building purchased and held via a blockchain transaction. The €6.5 million transaction was carried out through the Equisafe investment platform, which aims to make financial assets accessible to as many people as possible thanks to blockchain technology.

The AnnA mansion, a superb Mansart-style building built at the beginning of the 20th century, first followed a classic sales process: a notarial deed validated the value of the building and marked the transfer of the latter to a simplified joint-stock company (AnnA). Equisafe, an investment platform operating via blockchain technology, then registered this company as an issuer in its system, before dividing it into a hundred digitized shares (also called “tokens”).

On June 25, 2019, all these shares issued by AnnA were transferred via blockchain to the promoter SAPEB Immobilier, assisted by developer Valorcim. The French member of the parliament Pierre Person personally executed the live transaction. The operation was successful thanks to the collaboration of CMS Francis Lefebvre Avocats (the law firm that worked on the legal structuring of the asset tokenization operation by registering them in a shared electronic registration device), Coblence & associés (the law firm that managed the fiscal and real estate aspects of the transaction), Screeb Notaires, the study of notaries in charge of the real estate aspects of the tokenization and the notarial deed of the private mansion, which was certified on the blockchain, SAPEB Immobilier and Valor Cim (real estate developers involved in the operation).

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Chaineum :
Fondée en 2015, Chaineum est un cabinet de conseil en opérations de haut de bilan offrant une expertise de premier plan en matière d’ICO et STO, avec une vision stratégique orientée tant vers le métier de ses clients que sur la technologie blockchain. A ce titre, Chaineum a participé à la mise en œuvre de bonnes pratiques dans le secteur (ICO Charter, Security Token Network).
La division services blockchain de Chaineum, développe la technologie Chaineum Segment, une blockchain privée orientée objets.

About Chaineum:
Founded in 2015, Chaineum is a leading corporate finance advisory firm with a strong expertise in ICO and STO, and a strategic focus on both its clients' business and blockchain technology. As such, Chaineum paved the way in the implementation of certain best practices in this sector (ICO Charter, Security Token Network).
Chaineum's blockchain services division, is developing Chaineum Segment technology, an object-oriented private blockchain.


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