- HIVE 50 CATEGORY: CAPITAL
Mergers and acquisitions may quickly become known as mergers and digital acquisitions if the China-based Puyin Blockchain Group continues its explosive entry into the United States. Led by Dirk Foo, Allan Lind, and Nicole Qian Wan, Puyin Blockchain is opening a new dimension to housing transactions by becoming the first blockchain offering in the real estate market with its $655 million investment in Texas builder Serene Country Homes. Puyin will fund the construction of 2,300 homes in the Sendera Ranch community in the Dallas-Fort Worth area. Blockchain, the digital network infrastructure for the currency known as Bitcoin, represents disruptive transactional innovation in housing because of its speed, greater transparency, and improved safety to the real estate investment process.