“THE FUTURE IS DIGITAL: BRIQ.MX AND BRAMAH UNVEIL MEXICO’S FIRST DIGITAL REAL ESTATE TRUST”
In a groundbreaking move that illustrates the transformative power of technology, Briq.mx, a leader in real estate crowdfunding, and Bramah Desarrollos, a key player in property development, have successfully initiated the first all-digital real estate trust.
Digitalization Drives Efficiency
The digital leap was made possible through a collaborative effort with Weetrust, a firm specializing in technological solutions that facilitate the digital transformation of notarial tasks in the real estate sector. Also contributing to this milestone was Banco Covalto, which provided the necessary financial mechanisms for the transaction.
A New Era for Real Estate and Legal Industries in Mexico
The establishment of this digital trust symbolizes much more than a business arrangement; it signals a watershed moment for both the legal and real estate sectors in Mexico. “Gone are the days when notaries, trustees, and stakeholders had to be physically present for such agreements, a practice that often led to unnecessary delays and elevated costs, especially when the parties were located in different cities,” said Alberto Padilla Luengas, CEO of Briq.mx.
“We couldn’t be more proud to be at the forefront of this transformation. This is a beacon showing how digital technology can significantly improve efficiency and security in legal and financial workflows. We’re optimistic that this will serve as an inspiration for other enterprises to incorporate digital tools into their fiduciary operations,” he added.
Partnerships and Possibilities
Rodrigo Ascencio, the Fiduciary Director of Covalto, expressed his company’s enthusiasm for participating in this landmark deal. “Our alliance with Briq.mx only strengthens Covalto’s standing as the nation’s only tech-oriented bank. This venture also opens new avenues for investment in the rapidly growing Proptech-Tourism sector, all while providing a sturdy legal framework that assures security and reliability for all involved.”
Funding Success: Sanâh Tulum
It’s worth noting that this historic trust agreement specifically pertains to the collective funding and operations of Sanâh Tulum, a boutique hotel project. Since its listing on Briq.mx’s platform eight months ago, the venture has raised over 33 million pesos from 1,232 investors, acquiring 46.44% of the trust shares linked to the hotel property.
By setting this precedent, Briq.mx and Bramah Desarrollos are not just pushing the envelope for their own businesses, but are also laying the foundation for a future where legal processes and property investments can be more accessible, efficient, and secure.
