Brickblock’s BBK Cryptocurrency Soars 150% on Dual Partnership Announcements

Group view of fireworks rockets launching into the sky

Following back-to-back Thursday announcements, a low-cap crypto project called Brickblock has seen its Ethereum-based crypto token, BBK, soar by roughly 150 percent over the past 24 hours; a staggering amount considering the relatively inactive state of the overall cryptocurrency market.

Let’s take a look at the details underlying each of the two new partnerships unveiled by Brickblock, a self-described “inclusive investment platform that empowers people from all income classes to diversify their crypto-portfolio with real-world assets.”

JTC – Fund and Wealth Service Provider

The first of Thursday’s two partnership announcements for Brickblock concerned JTC PLC, a global and publicly-listed provider of fund, corporate and private wealth services to both institutional and private clients.

In explaining how its new partner will contribute to the Brickblock – the blockchain-based technical service provider for real estate investments – the announcement stated that “JTC will support select investment processes as the legal custodian of issued shares (also known as the nominee).”

With JTC also being responsible for holding investors’ funds in escrow and clearing eligible investors – amongst other contributions – Thursday’s announcement stressed the “integral role” the London Stock Exchange-listed fund management company will play in helping Brickblock in its pursuit to disrupt the existing, inefficient framework in which real estate investing occurs.

solarisBank – Licensed Tech Company

Coming shortly after the JTC announcement, BrickBlock unveiled its second partnership of the day: solarisBank AG. Per their corresponding blog post, Brickblock shared with the community that the Berlin-headquartered solarisBank – a fully licensed banking platform that enables companies the ability to offer their own financial products – has partnered with them “to launch a state-of-the-art digital investor clearing process.”

By automating our processes through solarisBank we can offer our clients an institutional-grade AML/KYC service that ensures compliance at the highest level.” – Jakob Drzazga (Founder, Brickblock)

By partnering with solarisBank, Brickblock can ensure that investors are cleared according to the highest regulatory standards, specifically, those that relate to Know Your Customer (KYC) and Anti-Money Laundering (AML) processes.

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