Brickblock Digital Services has launchedScalingFunds, a funds- as-a-service white label product that leverages blockchain technology to help fund managers automate investor onboarding, efficiently communicate with investors, and enable the trade or transfer of fund shares between eligible investors.
The launch coincides with the launch of Europe’s first tokenised real estate fund by ScalingFunds client Peakside Capital.
Fund managers can utilise the ScalingFunds service to set up a fund from scratch. Funds are not limited to real estate but can carry any type of financial asset.
At the core of ScalingFunds’ technical infrastructure is a smart contract ecosystem developed by Brickblock Limited. The ecosystem allows fund managers to upgrade from paper-based processes to innovative digital solutions powered by blockchain technology.
ScalingFunds technological infrastructure directly connects fund managers and investors without middlemen.
Jakob Drzazga (pictured), Founder and CEO of Brickblock the company behind ScalingFunds, says: “Our new brand emphasises the principles we embrace as a company: A commitment to bring peace of mind to our clients, as well as transparency to the investment process. It also underscores how we feel groundbreaking technology should function: clearly, simply, and intuitively. Eligible investors shouldn’t be turned away from investment opportunities by complex, paper-based onboarding processes.”
ScalingFunds’ first project will see its client Peakside Capital utilise ScalingFunds’ technology to launch a EUR200 million AIFMD-compliant, income-focused real estate fund targeting German properties.
