As per confidentiality agreements, the buyer and the type of cryptocurrency used to make the purchase have not been revealed.
The firm bought 0.4 bitcoin and plans to buy more every month.
The fund enables investors to gain exposure to a global real estate portfolio through a ERC-20 security token.
Property firm RFR Holdings accepted a 20 percent stake of the purchasing price in digital securities based on ethereum tech.
BitFlyer Blockchain and Japanese business giant Sumitomo Corporation will develop a blockchain app allowing users to sign rental contracts and more.
The blockchain pilot will digitize the bank guarantee process in an effort to tackle fraud and improve efficiency.
Uplandme, a "Monopoly"-like property game built on the EOS blockchain, has raised $2 million in seed funding.
Barclays, Royal Bank of Scotland, R3 and more say they've reduced property transaction times to "less than three weeks" using a distributed ledger.
The Town of Innisfil, Ontario, will accept bitcoin for property tax payments from next month in a one-year trial project.
County auditors in the U.S. state of Ohio have launched a study of the improvements blockchain might bring to property transfers.
The U.S. state of Wyoming has passed several bills aimed to make the state a top destination for cryptocurrency and blockchain businesses.
Security token startup Harbor is offering its first private placement, allowing investors to buy into a high-rise property.
The New South Wales state government is trialing blockchain tech from ChromaWay as part of a bid to digitize property conveyance by next summer.
A major real estate brokerage in China is exploring how to provide definitive proof of a contract's time of signature using blockchain tech.
A new rush of entrepreneurs, this time armed with crypto tokens, think they can reinvent real estate for more efficient equity investment.