A luxury home in Paris, France, completed a €6.5 million transaction through the Ethereum network

Last week, AnnA Villa in Paris, France became the first European property in Europe to be sold exclusively through blockchain trading. This mansion is located in the city’s Boulogne-Billancourt district and is worth 6.5 million euros. The transaction process first transfers ownership of the property to the joint stock company (SAPEB AnnA), and then divides the company into 100 tokens, which are assigned to the owners. Each token can be further subdivided into 100,000 units, which means that tokens holding the building can be bought and sold at a price of 6.5 euros. The deal is managed by the French blockchain investment platform Equisafe and is supported by tokens from Ethereum.