Avignon Capital backs YieldCoin

Property investment and asset management firm Avignon Capital has formed an exclusive partnership with real estate liquidity platform iYield, and its unique cryptocurrency.

iYield is building a liquidity platform for commercial and residential real estate. It combines a listing portal and an exchange that enables illiquid assets to become tradable online. The partnership will see Avignon Capital sourcing, structuring and managing all European commercial real estate investments for iYield.

YieldCoin, a real estate asset-backed cryptocurrency created and managed by iYield, is the first product to be launched using the platform’s infrastructure. YieldCoin will be used to provide liquidity across major real estate markets, whilst being a stable store of value for investors when it becomes available in September 2018.

Avignon will be sourcing commercial investment opportunities across the key European markets and target assets that have a good rental yield or re-sale value.

The platform plans to launch in early Q4 2018.

Patrick Flaton, managing partner of Avignon Capital, said: “Avignon recognised in iYield the opportunity to work with a likeminded and innovative company. iYield will have access to our experienced and dedicated real estate team and we look forward to working with them to build their real estate portfolio.”

Paul Toon, CEO of iYield, added: “iYield’s mission is to make real estate more liquid and accessible through innovative transacting infrastructure and products, including cryptocurrencies, and we are delighted to be partnering with Avignon’s highly professional team to offer institutional-grade investment opportunities through our marketplace and YieldCoin product.”