SolidBlock is pleased to announce partnerships with two outstanding real estate tokenization platforms in Latin America.
With a strong Spanish- and Portuguese-speaking component among SolidBlock’s staff, headed by LATAM Business Manager Helena Henkin, SolidBlock is making alliances and partnering with several real estate tokenization platforms to not only strengthen our shared goals but to bolster other innovative companies.
There is widespread interest and adoption of cryptocurrencies in Latin America. In El Salvador, bitcoin is used as legal tender, after having been adopted by the Legislative Assembly of El Salvador in 2021, making El Salvador the first country in the world to adopt bitcoin. Mexico and Panama are close behind.
Comprised of 20 countries that can be subdivided into four geographical regions, Latin America accounts for about 8.4% of the global population and is home to 656 million inhabitants. The predominant languages are spoken in Latin America (LATAM) are Spanish and Portuguese.
To date, Latin America represents only 1.64% of the projects that are being tokenized worldwide. SolidBlock hopes to bolster that figure with its alliances and will help consolidate the most dynamic community of investors in the region.
Located in Mexico City, MountX has vast experience and extensive relationships in the growing digital assets sector in Mexico, the United States and Canada. They also participate in FIBREE, the Foundation for International Blockchain and Real Estate Expertise, the leading international network for exchanging knowledge between the real estate industry, the IT sector, and blockchain technology.
Founded in 2019, MountX is a FinTech-PropTech company that allows investing in real estate assets and helps developers access capital by leveraging blockchain technology and a global network. The founders of MountX have more than 20 years of experience in the real estate sector, investing in national and international projects.
“Our vision is to help 140 million millennials in LATAM to invest in real estate,” says Enrique Suárez, Co-founder and CEO of MountX. “Tokenization is changing the rules of the game by giving inclusion and access to opportunities in a way never seen before.”
In a bid to broaden their reach, MountX will add three SolidBlock projects to its platform. These include Red Frog Beach Resort & Spa, an expansion of an existing destination vacation spot on the Panamanian shore; Detox Digital Coin, tasked with the acquisition of up to 20 detox and behavioral health centers within the United States, a niche real estate sector that is forecast to climb to almost $99.4 billion by 2028; and London Digital Bonds, that fixes and flips single-family properties in London’s in-demand neighborhoods with income distributed as an interest to investors.
“We are looking forward to collaborating with our partners at MountX,” explains SolidBlock’s Helena. “We see this partnership as the tip of the spear in our vision to democratize access to real estate deals worldwide.”
ERC Invest is part of ERC Holding Group LLC., which is incorporated in the United States and has more than 15 years of experience in the digital business sector, offering services to clients from seven Spanish-speaking countries.
Their venture into decentralized and democratized community investments such as tokenized real estate starts with a cycle of inequality that impacts all of humanity—more than 90% of the world’s wealth is in the hands of 10% or less of its population.
“You may wonder what this has to do with us, as we are a company that seeks financial returns,” suggests Eulises Rios Castano, CEO, and Co-Founder. “Our great challenge is to allow small investors to obtain profitability in a market that is in a maturing stage, specifically in digital assets using blockchain as a technology platform.”
ERC Invest offers investors several international real estate properties at a minimum of $250.
With these partnerships, SolidBlock forms a triangular exchange with MountX and ERC Invest who have also signed an international alliance agreement between themselves. Together, we share the vision of disrupting the real estate market in the Latin American and North American markets by promoting tokenized real estate projects.
SolidBlock is also moving towards a partnership with a new Brazilian tokenization platform called Insignia, which is launching in the next few weeks. We’ll be going live with Insignia’s Co-founder and CMO Rubens Neisstein for the launch. Details will be announced shortly.
SolidBlock is reimagining the future of real estate investment. Using the stability and security of blockchain technology, we create fractionalized securities—or tokens—that correspond to real-world assets. We have a global network of compliant partners that allows trading in multiple jurisdictions. Our data-driven platform embeds market and transactional data on each digital token we mine. We offer our investors the ability to buy and sell any property at any time anywhere.
Working in tandem with our partners, SolidBlock will host a webinar with MountX to discuss the partnership and the projects that MountX is mounting on their platform. Date TBA.
SolidBlock will also work with MountX and with FIBREE to produce a series of webinars about crypto and tokenization in LATAM. These webinars will begin in September. Dates TBA.
Download The Digital Asset Handbook to learn more about tokenization.