SolidBlock is proud to announce its partnership with new non-profit social venture, GoodDollar, giving investors in real-estate based digital securities the chance to do social good while earning a return from their investment.

Sponsored by global multi-asset investment platform eToro, GoodDollar launched September 2020 and provides its users with a digital universal basic income (UBI) for real people, delivered via blockchain every single day. 

GoodDollar’s innovative model transforms any investment mechanism into a social impact vehicle, by using returns to sustainably fund GoodDollar’s global basic income network. 

The partnership with SolidBlock marks an exciting new milestone in advancing how traditional asset classes, such as real estate, can be used for social impact. Basic income has long been championed by major tech-industry figures like Jack Dorsey, Elon Musk, and others, and has grown in popularity in light of the economic crisis resulting from the COVID-19 fall-out, as the best policy to close the wealth gap worldwide and end inequities. 

GoodDollar Founder and eToro CEO Yoni Assia said, “Decentralized finance enables us to build this as something which serves the common good, is open source, public, transparent, and governed by smart contracts in the code. Building GoodDollar on this infrastructure enables ground-breaking new ways for corporations and individuals to use their funds to fuel social good.” 

Now, through its partnership with SolidBlock, SolidBlock investors will have the option to choose what percentage of their income to stake to GoodDollar’s digital basic income network with three simple steps: 

  1. SolidBlock-issued tokens are converted to DAI (a popular stable cryptocurrency from MakerDAO)
  2. DAI is allocated to the GoodDollar ecosystem and begins generating interest 
  3. The DAI interest fuels regular daily payouts for GoodDollar users, along with interest payouts for investors (both paid in GoodDollars)

SolidBlock is best known for pioneering the tokenization of real estate assets, spearheading the world’s first successful commercial real estate security token offering (STO), and raising $18M for the Aspen St. Regis Resort in 2018. It is involved in many initiatives to democratize real estate investment, disrupt mainstream financial institutions, and smash barriers to affordability.

With GoodDollar, SolidBlock now gives investors a simple way to share their wealth with 46,000 users from over 180 countries worldwide, including some of the most vulnerable African nations.

SolidBlock CMO Yael Tamar says, “SolidBlock provides income-generating assets on a stable base of real estate – and when our income is placed into the GoodDollar income-generating mechanism there’s a multiplier effect. And because it’s real estate, it creates a long-term and limited-risk positive effect, for the individual and now for society as well.”

Interested in learning more about how to do social good through your investments? Contact us here to set up a call with one of SolidBlock’s executives.

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