Tokenized Real Estate on Ignis Blockchain

This week, Max Property Group B.V. made crypto history after the issuance of the first security tokens on the Ignis blockchain. As part of the arrangement, Max Property Group tokenized a part of its real estate holdings onto the Ignis platform as a controlled asset. The news showcases the further expansion of tokenized real estate in the EU market and increased development on Ardor's commercial blockchain ecosystem.

This tokenized real estate became MPGS security tokens, also known as Asset I.D. 7646766282089936451. MPGS token holders gain rights such as profit-sharing in the property's rental income. In fact, token holders gain most of the rights afforded to company shareholders with the exception of voting rights. Additionally, each share in the property falls under the monitoring and control of STAK, a Dutch Foundation.

Ignis

Ignis is the public blockchain of the Ardor platform. This 4th generation blockchain features a robust design created specifically for Dapp development. Some of the most advanced features provided by Ignis include messaging, voting, and asset exchange protocols. Additionally, the blockchain can function as a data cloud.

Ignis Blockchain via Homepage

Importantly, Ignis utilizes a Proof-of-Stake (PoS) consensus mechanism. PoS consensus is far more efficient than Proof-of-Work systems because they don't require nodes to compete over computationally heavy algorithms. While PoS systems aren't perfect, many see this form of consensus as the natural evolution of cryptos. Notably, Ethereum plans to shift to a PoS consensus mechanism in the coming months.

Ardor

Ardor developed Ignis with the goal to create a developer-friendly blockchain platform that could easily be built atop of. The platform is packed with tools to build blockchain applications that are cost-effective, secure, and scalable. Notably, Ardor is a BaaS platform developed by Jelurida.

Max Property Group,

For its part, the Max Property Group provided the real estate. This firm specializes in crowdfunding and the fractional ownership of real estate. Currently, the Dutch company possesses millions of Euros in assets under management in the Netherlands, the United Kingdom, and Germany.

Notably, the Max Property Group entered the market in 2016. The firm specializes in property sales, management, and rental activities. On top of these offerings, the company operates a popular property investment and blockchain academy.

Max Crowdfund

Max Crowdfund is a subsidiary of the Max Property Group. This company is the crowdfunding wing of the Max Property Group. Importantly, the platform is compliant with EU securities standards. Max Crowdfund brings together developers, investors, and regulators.

Speaking on the tokenization decision, Max Property Group's Managing Director, Mark Lloyd took a moment to discuss the changing real estate landscape. He noted the care his firm takes to stay up-to-date with the latest technological advancements. He also discussed the overall trend to digitize the sector.

Max Crowdfund and Ignis

Max Property is at the forefront of EU real estate tokenization. The firm continues to demonstrate its pioneering strategies in the space. This latest strategic partnership gives the company access to a host of valuable EU real estate to tokenize. It also showcases Ignis's true capabilities. You can expect to hear more about Max Property, Ardor, and its Ignis blockchain in the coming weeks.