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The German Federal Financial Supervisory Authority (BaFin) has granted marketing authorization and registration to Munich-headquartered BITREAL Capital GmbH to operate a cryptocurrency and real estate hybrid fund, called BITREAL Real Estate Blockchain Opportunities Fund 1 (BREBCO 1).
This will be the first hybrid fund of cryptocurrency and real estate in Germany, and it is aiming for an equity volume of 40 million euro ($48.95 million). The fund is designed for a wide range of investors – semi-professional and professional – as the minimum investment volume is set at 500,000 euro ($612,000).
The fund has set up to invest in the booming blockchain ... (read more)