Dubai: Evarei Management LLC (“Evarei”) announced that it has won the Most Innovative Real Estate Fund of the Year 2017 award from International Finance for ‘Evareium – The World’s Real Estate Investment Token’, a new fund which UAE based Evarei advised its affiliate company, EVM Blockchain Limited, on the creation of.
Evareium is a blockchain and smart contract solution for the digitalized real estate investment generation, allowing instant online digitalized investment into managed real estate assets through a ‘tokenized’ fund which aims to create liquidity by registering on multiple digital exchanges over the course of 2018.
Stefan Hickmott, CEO of Evarei, commented “It’s an honour to receive this prestigious award for Evareium and achieve recognition from our industry peers and International Finance Magazine. We engineered Evareium to be a complete, digitalized ecosystem investment model that we hope will define a turning point in the global real estate investment industry.
Stefan continued: “Fully integrating blockchain technology is a key objective of Smart Dubai’s 2020 government vision, and a growing number of governments globally are following the same lead at a rapid pace. Evareium is purpose-engineered to integrate with the digitalization of government processes by offering a highly-valuable and scalable real estate investment model suitable for the point-and-click digital investment age we are all rapidly entering into.
“Our belief is that investment, exchange and divestment of interests in real estate will one day be orchestrated on a widespread scale in an instantaneous, digitalized manner, versus traditional, physical sales and purchases, and we hope Evareium will lead the way in pioneering this new paradigm across the multi-trillion-dollar real estate investment industry”.
Andrew Rowlstone, Head of Investor Relations, added “We would like to thank International Finance, as well as the entire Evareium team and all our advisors who have each been instrumental in forming Evareium and making this such an inspiring project”.
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Evarei is a real estate asset and management advisory firm based in the UAE.
EVM Blockchain Limited is a Cayman Islands company which is to be the issuer of the Evareium fund offering.
Evarei advises EVM Blockchain Limited on matters relating to the establishment of the Evareium real estate initiative and evaluates assets and projects suitable for Evareium.
Stefan Hickmott has been living in Dubai and the GCC region since 2001 and has an extensive experience in real estate acquisition, advisory and private equity, having previously been vice president of The Abraaj Group and an instrumental executive at the firm that has now become Jones Lang LaSalle MENA.
Source: ICO Press Release