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Draft:Crowdlitoken

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Crowdlitoken AG
Crowdlitoken_Logo_AI_generated
TypeAsset Tokenization Platform
LocationZurich, Switzerland
Founded2018 (2018)
CurrencyCRT
Websitehttps://crowdlitoken.com/

Crowdlitoken AG is a Swiss-based company specializing in the tokenization of real estate assets through blockchain technology.[1] The company offers an investment opportunity by allowing individuals to purchase fractional ownership of real estate properties across Europe using its digital tokens.[2][3]

History

The company was founded in 2018 by a consortium of Swiss investors.[4] A major milestone was reached in April 2019 when the Financial Market Authority of Liechtenstein approved the company's prospectus, enabling the initiation of its token sale in ten EEA countries.[5][6] Shortly thereafter, FINMA granted authorization for the sale of tokens in Switzerland, establishing a hard cap of US$205,810,000.[5][7][8] Crowdlitoken began building its European real estate portfolio by purchasing its first property, a logistics and commercial site in Oensingen, Switzerland, valued at CHF 9.15 million, with an annual rental income of approximately CHF 600,000 and a gross yield of 6.7%.[9] Under the leadership of CEO Dadvan Yousuf, the company further expanded its portfolio with the acquisition of a commercial property in Heimberg, Switzerland, valued at CHF 5.65 million, generating an annual rental income of around CHF 285,000 and a gross yield of over 5.1%.[10]

Business Model

Crowdlitoken operates by creating digital tokens that are directly linked to real estate assets.[11] Each token represents a fractional ownership in a specific property, allowing investors to benefit from rental income and potential capital appreciation.[12] Investors can choose which properties they wish to invest in, and the tokens can be traded on secondary markets.[13] The company's platform offers detailed information on each property, including expected returns, risk assessments, and legal documentation.[14]

Acquisition

In 2021, Dadvan Yousuf, a Swiss-Kurdish entrepreneur known for his ventures in the blockchain and real estate sectors, took over Crowdlitoken AG.[15] While specific financial details of the acquisition were not disclosed, it is estimated that Yousuf invested several million CHF to gain a controlling interest in the company.[16][17]

References

  1. ^ "Crowdlitoken launches platform in Europe". www.liechtenstein.li. Retrieved 10 August 2024.
  2. ^ "Crowdlitoken revolutionizing real estate investment". www.liechtenstein-business.li. Retrieved 10 August 2024.
  3. ^ Kolbe, Christian. "Diego Benaglio (36) baut auf Immobilien".
  4. ^ "CROWDLITOKEN Schweiz AG in Frauenfeld". Moneyhouse (in German). Retrieved 10 August 2024.
  5. ^ a b Startups, Bodensee (30 September 2019). "CROWDLITOKEN - erfolgreich in Immobilien investieren - BODENSEE STARTUPS". www.bodensee-startups.com (in German). Retrieved 10 August 2024.
  6. ^ Maeder (mae), Ruedi (24 April 2019). "Das Schweizer FinTech Crowdlitoken mischt aus Liechtenstein den europäischen Immobilienmarkt auf". MoneyToday (in German). Retrieved 10 August 2024.
  7. ^ "Tokenisierung: Die Immobilie kommt auf die Blockchain". finews.ch (in German). 26 February 2019. Retrieved 10 August 2024.
  8. ^ "CROWDLITOKEN". cryptototem.com. 22 December 2018. Retrieved 10 August 2024.
  9. ^ Maeder (mae), Ruedi (16 October 2020). "Ein FinTech macht Tokeninhaber zu Immobilienbesitzern – und warum das der Token Economy gut bekommt". MoneyToday (in German). Retrieved 10 August 2024.
  10. ^ "CROWDLITOKEN erwirbt mit neuen CEO Dadvan Yousuf Immobilie / Token-Verkauf gestartet". FinanzNachrichten.de (in German). Retrieved 10 August 2024.
  11. ^ "Crowdlitoken begibt tokenisierte Schuldverschreibung" (in German).
  12. ^ "Tokenisierung: Die Immobilie kommt auf die Blockchain". Retrieved 10 August 2024.
  13. ^ moneycab (30 August 2019). "Crowdlitoken: Starkes Signal für Schweizer Fintech-Branche". Moneycab (in Swiss High German). Retrieved 10 August 2024.
  14. ^ "Crowdli holt sich Bluechip-Verwaltungsrat". finews.ch (in German). 29 October 2019. Retrieved 10 August 2024.
  15. ^ Gr, Michael Schäfer, Werner; lehner (11 November 2021). "Krypto-Millionär Yousuf will Immobilienanlagen revolutionieren". Neue Zürcher Zeitung (in Swiss High German). ISSN 0376-6829. Retrieved 10 August 2024.{{cite news}}: CS1 maint: multiple names: authors list (link)
  16. ^ Maeder (mae), Ruedi (18 November 2021). "Crowdlitoken – Dadvan Yousuf wird aktiv, das FinTech nimmt wieder Fahrt auf". MoneyToday (in German). Retrieved 10 August 2024.
  17. ^ wirtschaftszeit. "Dadvan Yousuf neuer CEO und Anteilseigner von Crowdlitoken". Wirtschaftszeit (in German).
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