CurveBlock has been approved to join the UK Digital Securities Sandbox (DSS), a project led by the Financial Conduct Authority (FCA) and the Bank of England.
CurveBlock is a Leeds-based Fintech in the Proptech sector. The ambition is to pursue real estate tokenization. CurveBlock is the ninth company to enter the DSS and the first to focus on real estate development fund tokenisation.
Gary Woodhead, Joey Jones, and Matthew Couch founded CurveBlock in 2018. The company aims to democratise access to real estate development digital securities.
Jones said the acceptance is a major step in their journey and an opportunity to test their platform under the guidance of the UK’s leading financial regulators.
The DSS was launched to provide a structured environment for firms to trial innovative models in digital finance.
CurveBlock notes that a recent report published by Deloitte forecasts the global tokenised property market could soar from under $300 billion today to $4 trillion by 2035.
CurveBlock is planning a Series A funding round following its DSS approval.