White Carvoeiro and Damisa implement Stablecoin transactions for €45 million initiative
Leading Portuguese property developer Carvoeiro Branco, known for its premier real estate projects, has entered into a strategic partnership with Damisa, a fintech innovator offering cryptocurrency payment solutions and escrow infrastructure. This collaboration marks a ground-breaking moment in the European real estate sector, granting global crypto-savvy buyers the opportunity to purchase Carvoeiro Branco's latest project, The Court, using regulated stablecoins as a payment method.
This unprecedented move showcases Carvoeiro Branco as one of the first European developers to integrate blockchain-based payment infrastructure for real estate transactions, signaling a shift in convenient and secure purchasing processes. Through Damisa's orchestration layer, potential buyers from around the world can settle transactions using their preferred stablecoin, with secure, compliant escrow services managed until the deal is finalized.
"Having observed the evolution of the digital asset space, we found the right juncture and suitable partner to broaden our buyer base with a more agile, efficient solution," said Chief Executive Officer Erik de Vlieger of Carvoeiro Branco. "Damisa provides a safe, compliant platform to access global liquidity and streamline the buying experience, whether the preferred payment method is USDT, USDC, EURC, or any other regulated stablecoin."
Damisa's infrastructure extends beyond facilitating stablecoin transactions, also offering settlement in over 90 local FIAT currencies, backed by a fully regulated payment and escrow framework, licensing both in Europe and Australia. This innovation eliminates common obstacles in international property purchases, such as delays and high costs, while simultaneously expanding the global market for Carvoeiro Branco's projects.
As Jordan Lawrence, CEO of Damisa, stated, "This partnership exemplifies the potential when traditional industries embrace the future of payments. Carvoeiro Branco delivers world-class developments, and Damisa enables their global distribution, instant transmission, and secure sale."
Initially, the focus will be on The Court, a 104-apartment development in Carvoeiro, Algarve, with an expected €45 million in blockchain-assisted sales within the next 12 months. The partnership's success may usher in further growth, depending on demand.
In the wider context, this alliance signifies a transition towards digital-first real estate transactions in Europe, promoting transactional efficiency, reaching a broader market, and diversifying investment strategies. The partnership also showcases the potential of blockchain technology to improve trust, transparency, and competition within the real estate sector while encouraging other developers to adopt comparable models. As such, this partnership at the intersection of property development and fintech serves as an extraordinary progression, pushing the real estate industry into an increasingly connected and digital future.
- Carvoeiro Branco's latest project, The Court, located in Carvalho, Algarve, Portugal, is set to be purchased using regulated stablecoins as a payment method, thanks to the strategic partnership with Damisa, a fintech innovator.
- The collaboration between Carvoeiro Branco and Damisa extends beyond stablecoin transactions, as Damisa offers settlement in over 90 local FIAT currencies, backed by a fully regulated payment and escrow framework, licensing both in Europe and Australia.
- This alliance between Carvoeiro Branco and Damisa signifies a transition towards digital-first real estate transactions in Europe, promoting transactional efficiency, reaching a broader market, and diversifying investment strategies, ultimately pushing the real estate industry into an increasingly connected and digital future.
