The largest real estate transaction using blockchain currency has been made, with investor BrickMark purchasing an office in Zurich, Switzerland, for CHF 130m (£103m).
BrickMark has bought the circa 17,000sq ft Bahnofstrasse 52 in central Zurich from RFR Holding GmbH, the majority of which will be paid using BrickMark tokens.
The transaction is based on a share deal, and initially BrickMark acquired 80% of the shares of Bahnhofstrasse AG with a call option on the remaining 20% within nine months.
