Crypto News by Juan Rodulfo

Dutch Regulator Approves Tokenized Real Estate Crowdfunding Platform

Max Crowdfund, a blockchain-powered real estate crowdfunding platform connecting property developers and investors, has received approval from the Financial Markets Authority in the Netherlands.

With approval from the AFM, Max Property Group — the platform’s parent company — will commence the platform’s roll-out in partnership with distributed ledger technology provider Jelurida.

Investors pay a one-time fee equal to 0.1% of their investment, in addition to monthly administration fees of 0.1%. The fees will be used to purchase and burn MPG’s security tokens.

Max Crowdfund attracts 70,000 users pre-launch

The platform seeks to democratize real estate investment, with investors able to gain exposure from as little as 100 euro ($117.50). Developers and investors are able to raise money from the public using the platform, and can pitch to an international audience.

The platform is the first of its kind to be greenlit by the Dutch financial regulator, and will be available as an app on both iOS and Android. 

The platform claims to have already attracted over 70,000 registered users prior to launch.

Ardor powers real estate crowdfunding platform

Speaking to Cointelegraph, MPG CTO Erwin van Kekem stated that the idea for a blockchain-powered global real estate crowdfunding platform was conceived in 2017 — just 12 months after MPG was incorporated.

The platform will be powered by Jelurida’s Ardor blockchain, with Kekem emphasizing its “multichain architecture” in allowing companies to “spawn their independent child chain” from the platform as appealing to MPG’s needs.

Kekem noted that the platform has already received loan applications, predicting a public launch “over the next months.”

MPG has also commenced a security token offering that seeks to raise $4.4 million over five rounds of $880,000 that will issue 20% of the firm’s equity. The tokens will be issued by MPG directly.

By Juan Rodulfo

Defined by Nature: Planet Earth Habitant, Human, Son of Eladio Rodulfo & Briceida Moya, Brother of Gabriela, Gustavo & Katiuska, Father of Gabriel & Sofia; Defined by the Society: Venezuelan Citizen (Human Rights Limited by default), Friend of many, Enemy of few, Neighbor, Student/Teacher/Student, Worker/Supervisor/Manager/Leader/Worker, Husband of Katty/ Ex-Husband of K/Husband of Yohana; Defined by the US Immigration System: Legal Alien; Defined by the Gig Economy: Independent Contractor Form 1099; Studies in classroom: Master Degree in Human Resources Management, English, Chinese Mandarin; Studies at the real world: Human Behavior; Studies at home: Webmaster SEO, Graphic Web Apps Design, Internet & Social Media Marketing, Video Production, You Tube Branding, Trading, Import-Exports, Affiliate Marketing, Cooking, Laundry, Home Cleaning; Work experience: Public-Private-Entrepreneur Sectors; Other Definitions: Bitcoin Evangelist, Human Rights Peace and Love Advocate. Author of: Why Maslow: How to use his theory to stay in Power Forever (EN/SP); Asylum Seekers (EN/SP); Manual for Gorillas: 9 Rules to be the “Fer-pect” Dictator (EN/SP); Why you must Play the Lottery (EN/SP); Para Español Oprima #2: Speaking Spanish in Times of Xenophobia (EN/SP).
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