Startup now working on a real estate-backed cryptocurrency - "Brickcoin"

``The company says brickcoins will offer both high liquidity and regulatory safeguards. Each brickcoin, which can be bought with either fiat or crypto currencies, will represent an investment in a piece of mortgage-free real estate held as part of a REIT, a highly regulated investment vehicle. Brickcoin transactions will be managed, authenticated, and tracked using blockchain technology. BrickCoin says that by backing its cryptocurrency with a mainstream, stable asset class like commercial real estate, it can guard clients against the risks entailed in buying cryptocurrencies such as bitcoin, which are unsecured by any mainstream assets.''