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In a recent development, Dominium and China Blockchain Partners (CBP) have signed an extensive partnership agreement to support Dominium’s activities within the Chinese market as a gateway to Asia.
Dominium, a startup based out of Rotterdam, claims to be building the world’s first global property platform on the blockchain, where assets are placed on the blockchain alongside property sales, rentals and management to create a multilingual, international real estate marketplace. The advantages of blockchain technology are applied across Dominium’s many functionalities, from registering a rental contract to providing regulated financial documents. China Blockchain Partners, based in Shanghai, provides services for China’s leading blockchain projects and for EU companies targeting Asian markets. CBP has strong relationships with leading companies and considerable experience in the blockchain space.
“We will use our extensive network to assist Dominium in its goals for fundraising as well as finding value-adding partners for the use of its platform,” says Robert van Aert, co-founder of CBP.
Founded in 2016, the Dutch startup is currently holding an ITO and is hoping that the collaboration with CBP will create a foothold in the Asian market for the adoption of the platform, which has attracted nearly 50,000 global users in its first few months of operation.
“With China being the most populated country in the world, introducing a global property platform is a natural fit. In this fast-growing market, we want to expand our reach for digitizing the tradition real estate industry globally. That’s why we signed a partnership with a valuable player in the Chinese blockchain field”, says Managing Director Mark Lloyd.
Despite restrictions on cryptocurrency and ICOs in China, it remains one of the leading locations for blockchain technology development and adoption. In Hangzhou alone (home to Alibaba Group Holdings) $1.6 billion USD were committed to invest in blockchain firms, with nearly a third of the money originating from the Chinese government.
“CBP has intimate knowledge of the potential of European blockchain projects on the Chinese market. This enables them to match us with the right partners and investors. They are absolutely passionate about blockchain and Internet technologies. That’s why we chose CBP to be our partner for strengthening Dominium’s presence in the Chinese Market,” adds Dominium’s Marketing Advisor, Gudo Thijssen.
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— Press release