German Regulators Approve $280 Million Ethereum Token Sale

By virtue of being regulated, the token will be open to any retail investor anywhere with no minimum investment restriction.

In other words, someone in, say, Indonesia will be able to buy 100 euros worth of ethereum tokens and thereby indirectly invest in German commercial property.

The token, which Fundament will start marketing next month, will run on the public ethereum blockchain using the ERC-20 standard popularized by the 2017 initial coin offering explosion.

Other examples include Templum Markets, which sold a security token representing shares in a Colorado ski resort.

Fundament's token will be backed by five separate construction projects, three in Hamburg, one in Frankfurt and one in the university town of Jena.

"Holding a token enshrines a legal claim of the holder against the issuer of the bond to pay them an annual dividend of around 4-8 percent, and obviously once the run time of the fund is over and there is an exit, then the token holders get the complete value that was within this fund," Glatz said.

Will verify prospective token buyers' identities.

The vendor's process takes three minutes on average before a user can purchase tokens, Glatz said.

Buyers can pay for their tokens with bitcoin, ether, U.S. dollars or euros.

For those who pay fiat, Fundament says it will deliver the tokens on a hardware device.