ChromaWay invests €2.1 million in Bloqhouse Technologies

Anna from ChromaWay -

STOCKHOLM, SWEDEN – April 20, 2022  ChromaWay, the creator of Chromia – the relational blockchain, is announcing an investment of €2.1 million in Bloqhouse Technologies. The Dutch based investor management platform provider is building the future of fund management and investing. Supported by ChromaWay, Bloqhouse will extend their offer of innovative solutions for the €11.8 trillion market for alternative assets.

ChromaWay and Bloqhouse have developed a joint offering focused on digital asset investing via a distributed ledger using the Chromia blockchain. For the end user, this means more transparency on the ledger and access to liquid assets initially via peer-to-peer transactions.

“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”, said Henrik Hjelte, CEO and co-founder of ChromaWay.

Bloqhouse is the leading platform provider for fund managers across Europe and beyond. The platform enables a diverse set of alternative investment funds to attract capital, enable secondary market trading, and perform KYC/AML and other on-boarding services. Current customers include Annexum, NLC Health and RAX Finance with a total of €1,5 billion in AuM.

Tim Rutgers, CEO of Bloqhouse Technologies, added that: “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.”

In addition to the investment in Bloqhouse, ChromaWay is pleased to announce 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 white-label software provider. The solution will launch in June 2022.

Fund.me, the US-based provider of investment capital, is built to empower the next generation of real estate entrepreneurs, Fund.me provides easy and straightforward access to investment capital. The Bloqhouse-Chromia joint solution will enable Fund.me, among other objectives, to accelerate its growth by enabling crypto investors to allocate towards lower-risk-higher return real estate assets.



About ChromaWay

ChromaWay, established in 2014, is the creator of the relational blockchain, a new blockchain architecture which combines the power and flexibility of a relational database and the fault tolerant decentralized security of a blockchain.

Though ChromaWay builds solutions across industries, it is a leader and innovator in the real estate and property registration space through projects with the Swedish Land Registry and in Peru, Paraguay and Bolivia funded by the Inter-American Development Bank. Its relational blockchain also powers Chromia, our public platform for decentralized applications. Relational blockchain allows Chromia to offer a user and developer experience which no other blockchain platform can match.

For more information visit chromaway.com and chromia.com



About Bloqhouse Technologies

Bloqhouse Technologies is the market leader in the Benelux and has been building software products for the alternative investment market since 2016. The company provides a cloud-based, one-stop-shop funding platform that meets all the current and future needs of fund managers, investment funds, and companies (or social enterprises) looking to raise capital. By digitalising the funding pipeline, we make raising capital simple and cost-efficient. We provide the digital backbone for effective fund management (incl. an automated KYC process) and empower your investors through an extraordinary digital experience. At Bloqhouse we aim to become the go-to provider for funding technology within the European Union and beyond.

For more information visit bloqhouse.com

For more information about the project, contact:
todd.miller@chromaway.com
tim@bloqhouse.com

For more information about this press release, contact:
sami.tahir@chromaway.com
chromaway.com
chromia.com

Headquarters:

ChromaWay AB
Centralplan 15
S-111 64 Stockholm
Sweden
Phone: +46 (0)8 506 36338
Email: info@chromaway.com