Bloqhouse Technologies, the Dutch-based market leader in the Benelux building software products for the alternative investment market since 2016, is today announcing it has received €2.1M in funding. The funding, supported by ChromaWay, will enable Bloqhouse to extend its plethora of innovative solutions for the €11.8Tn market for alternative assets.
Bloqhouse will partner with ChromaWay in a joint partnership that’s focused on digital asset investing via a distributed ledger using the Chromia relational blockchain. This will result in more transparency on the ledger and access to liquid assets initially via peer-to-peer transactions.
What Bloqhouse offers to the alternative investment market
Bloqhouse is providing a cloud-based, one-stop-shop funding platform that meets the present and future needs of fund managers, investment funds, and enterprises aspiring to raise capital. The company has digitalised the funding pipeline, helping make the process of raising capital simple and cost-efficient. Bloqhouse is creating the digital backbone for effective fund management thats inclusive of an automated KYC process and empowers investors through an extraordinary digital experience.
Founded by Koen Bonenkamp and Tim Rutgers in 2016, the platform has grown to become the leading provider for fund managers across Europe and beyond. Bloqhouse enables a diverse set of alternative investment funds to attract capital, enable secondary market trading, and perform KYC/AML amidst other onboarding services. The firm brags a total of €1.5B in AuM with some of its renowned customers include Annexum, NLC Health and RAX Finance.
About Bloqhouse’s partner, ChromaWay
Established in 2014, ChromaWay is the creator of the relational blockchain, a new blockchain architecture that combines the power and flexibility of a relational database and the fault-tolerant decentralized security of blockchain tech. Despite building solutions across industries, ChromaWay is also a leader and innovator in the real estate and property registration space through projects with the Swedish Land Registry and in Paraguay, Bolivia and Peru funded by the Inter-American Development Bank.
ChromaWay’s relational blockchain also powers Chromia, the company’s public platform for decentralized applications. The relational blockchain allows Chromia to offer a user and developer experience unmatched by other blockchains.
The Bloqhouse-ChromaWay pact
“We are very pleased about partnering with Bloqhouse. Their fund management platform combined with our experience in the blockchain-based property sector makes this a compelling solution for the next generation of investors and fund managers,” remarked Henrik Hjelte, ChromaWay’s CEO and co-Founder.
In addition to this investment in Bloqhouse, ChromaWay has just announced the first two customers of the joint offering. First up is Belgian-based Immotokens which makes use of the Chromia blockchain, the Chromia wallet (Chromia Vault) and Bloqhouse as a white-label software provider. This solution will launch later in June.
Fund.me, the US-based provider of investment capital empowering the next generation of real estate entrepreneurs is the second client. The platform provides easy and straightforward access to investment capital. The Bloqhouse-Chromia joint solution will enable Fund.me to accelerate its growth by enabling crypto investors to allocate towards lower-risk-higher-return real estate assets, as well as achieve organisational goals.
Bloqhouse Technologies CEO Tim Rutgers added, “We’re excited about our continued partnership with ChromaWay, which gives us the opportunity to develop innovative solutions for the market. This investment allows us to scale internationally and accelerate our growth. Moreover, by utilizing ChromaWay’s distributed ledger technology, we can provide a transparent and fully inclusive platform to fund managers worldwide and thus facilitate the future of fund management and investing.”
