CurveBlock, a real estate development company that uses blockchain and security tokens to share profits with investors, announced it is the first security token company in the UK to be accepted into a commercial bank accelerator program.
The company’s acceptance into UK NatWest Bank’s Accelerator programme reflects the paradigm shift in today’s banking industry and the financial shifts taking place in this digital age.
“Real estate development has historically been the playground of the rich,” stated Gary Woodhead, Co-Founder & CEO of CurveBlock (on the photo above). “CurveBlock aims to break that mold by bringing real estate development as an investment option to the masses so the mainstream market can participate in the single largest wealth-creating asset class in history.”
“Banks have always been the stumbling block at the early stages in real estate development. CurveBlock is removing banks from this choke point by being a fully liquid company that can take advantage of all opportunities, regardless whether banks are loaning money or not. We are happy to partner with NatWest bank for the sales side of development.”
CurveBlock aims to be both ecologically and sociologically responsible. It will use reclaimed and repurposed materials as much as possible, as well as establish CurveBlock Helps as a nonprofit organization to provide direct building support for low-income housing needs that will receive 5% of the profit from every development.
“CurveBlock has expert teams in place, which includes identifying opportunities for short & long-term real estate development,” concluded Mr. Woodhead. “We have attorneys for the compliant security token structure and a development team to work on the smart contract and platform build out.”
Over the years, real estate developments have remained the largest and most profitable asset class across the globe, with a 2016 report by research outfit Savills putting the economic value at $217 trillion. CurveBlock is a platform that uses blockchain technology to enable people to invest in property development projects in return for a share of the profit.
Andrew Carnegie, a billionaire industrialist, stated, “Ninety percent of all millionaires become so through owning real estate. More money has been made in real estate than in all industrial investments combined. The wise young man or wage earner of today invests his money in real estate.” CurveBlock has been introduced as a way to give greater access to this exceedingly large and continually growing asset class.