BitBrikx

Real estate investing that is fractional and seamless

For the first time, investors around the globe can buy into the Japan real estate market through fully-compliant, fractional, tokenized ownership. Powered by blockchain.

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Transaction Costs

The sale of real estate is riddled with transaction costs. Once a buyer and seller agree to exchange the property, several third parties are brought into the transaction, such as bankers and real estate agents. Realtors charge an average 6% of the sale price, and legal fees and jurisdictional taxes add to this. Legal processes, sourcing of finance, and other red tape slow the process down, and add middleman costs

Private, Siloed Markets

Since there is no public market for real estate, exchange of property is achieved privately. Public markets offer constant price discovery and asset valuations, while the private market for real estate operates on an opaque, “as needed”, basis. Because properties are not frequently bought or sold, the valuation of a home must be analyzed for every exchange, which slows down and adds costs to the transaction.

High Costs

As alluded to in the introduction above, real estate is the highest- valued industry in the world. This results in property ownership being prohibitively expensive for the majority of the world’s population. Even the most inexpensive homes often have too high a price for the average person to accept. For the middle class, the high cost of real estate makes the purchasing of a home closer to a cultural rite-of-passage, rather than a calculated investment decision.

Permissionless, compliant, and first-of-its-kind

BKX Token provides investors with a simple, intelligent, and user-friendly method to buy into fractional, tokenized properties, unrestricted token issuance of Ethereum. Investing with BitBrikx means low maintenance property ownership, access to cash flows related to the property (e.g., rent), and frictionless ownership transactions via BKXTokens.

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Grow a global,
digital real estate portfolio

Unique Tokens

Ownership of each property is distributed across a finite number of representative tokens. Based on token share, owners can collect revenue from rent, and vote on property decisions.

Property Managed

Each BitBrikx property has a property management company managing the property on BKXToken owners behalf. The property management company sources tenants, collects rent, and manages repairs, so the diverse group of BKX Token owners don’t have to.

INC/LLC Owned

Real estate can’t directly be tokenized, but legal entities can. Each property is owned by company (either an Inc or an LLC). Each company is tokenized as a unique set of BKXTokens and made available for purchase.

Weekly Rent Payments

With blockchains, we no longer need to wait 30 days to receive a bank transfer. Owning property with BitBrikx allows you to collect rent every week. Rent is paid using a US-Dollar stablecoin, sent to your xDai or Ethereum wallet.

The future of real estate
investing is fractional

Tokenizing real estate has become the focus of many institutions in 2018, and is likely to continue into the future as Ethereum offers a way to add improved levels of liquidity (tokens) to a notoriously illiquid industry (real estate).
Fractional ownership democratizes access to real estate investment, and therefore distributes and minimizes the risks and labor involved with owning property. And RealToken makes it even simpler!

Fast, simple & effortless.

Step 1

Tenant

Step 2

Pay USD

Step 3

Management

Step 4

Sends USD Token

Step 5

BKX Token Holders

Step 6

To Bank Account

Liquidity Through Tokenization

The most significant benefit that tokenization can bring to real estate is improved levels of liquidity. The characteristics that make public blockchains so revolutionary all contribute to improving the liquidity of assets. Permissionless global access, asset fractionalization, instant settlement, and peer-to-peer transactions all play symbiotic roles in benefiting the liquidity of assets.

1.Transactability: Digital tokens that exchange peer-to-peer with instant-settling provide a strong juxtaposition to the slow exchange of real estate properties.
2.Access to Public Markets: The Ethereum public blockchain is accessible wherever the internet is found. Its permissionless nature has no restrictions on who is able to transact on the platform.

Frequently asked questions

What is a blockchain?

Cryptocurrencies like Bitcoin and Ethereum are powered by a technology called the blockchain. At its most basic, a blockchain is a list of transactions that anyone can view and verify. The Bitcoin blockchain, for example, contains a record of every time someone sent or received bitcoin. Cryptocurrencies and the blockchain technology that powers them make it possible to transfer value online without the need for a middleman like a bank or credit card company. Almost all cryptocurrencies, including Bitcoin, are secured via blockchain networks. This means their accuracy is constantly being verified by a huge amount of computing power.

The list of transactions contained in the blockchain is fundamental for most cryptocurrencies because it enables secure payments to be made between people who don’t know each other without having to go through a third-party verifier like a bank.

Due to the cryptographic nature of these networks, payments via blockchain can be more secure than standard debit/credit card transactions. When making a Bitcoin payment, for instance, you don’t need to provide any sensitive information. That means there is almost zero risks of your financial information being compromised, or your identity being stolen.

Blockchain technology is also exciting because it has many uses beyond cryptocurrency. Blockchains are being used to explore medical research, improve the accuracy of healthcare records, streamline supply chains, and so much more

What is BitBrikx?

BitBrikx is a platform that offers simplified investments in real estate. Our mission is to democratize access to real estate investment opportunities, curated by a team of real estate professionals. Ownership of these real estate properties is denominated by digital tokens on the Ethereum blockchain. Ownership in most real estate properties is determined by paper deeds. BitBrikx replaces paper deeds with digital tokens; a new mechanism for asset ownership, based on the Ethereum blockchain. The digitization of the paper deed into a digital token offers unique advantages in real estate ownership, which are explored in other areas of the Wiki.

BitBrikx, BKX Tokens?

BitBrikx is the name of the company. ‘BitBrikx’ is a hybrid of the word realty, real estate property, and token. BKX Tokens are the purchasable asset; the digital representation of ownership in the LLC that owns the deed to the property. Each property on BitBrikx has its own set of unique BKX Tokens associated with it.