The world's largest asset class still runs in the dark.
What we believe about where real estate is going, and the part we are building to play.
We believe real estate should be as measurable, comparable, and accountable as any other financial market, and that the tools to make it so finally exist.
For a century, the world's largest asset class has run on local knowledge and closed doors. The building and the portfolio that holds it speak different languages, and the gap between them is where cost, risk, and opportunity quietly hide.
We are building the single place where an asset, a fund, and a portfolio can be read in the same language: the source of truth for real estate. The ambition is plain: a Bloomberg for real estate, built for the age of agentic AI. We start in Switzerland. We intend to take it to the world.
The stakes in three numbers
Real estate is the largest asset class on earth, larger than all equities and debt combined.
Of global energy-related emissions come from buildings. The transition runs through them.
Of it is held by institutions. The rest stays out of view.
Six convictions we are building on
The biggest market is the hardest to see.
Real estate is the largest store of wealth on earth, larger than all the world's equities and debt combined. Yet it is still priced on instinct, scattered documents, and partial truth. The asset class that holds the most capital is the one we can see the least.
What can be measured can be trusted.
Value, performance, and risk should be as legible in a single building as they are in a bond. Comparability (from one asset to an entire portfolio) is the precondition for trust, and trust is the precondition for capital. We hold real estate to that standard.
Property is becoming a financial asset.
What was local and opaque is turning global, accountable, and continuously priced. As more people rent rather than own, exposure to real estate increasingly arrives through funds and collective vehicles. The way a simple index opened public markets to everyone, transparent vehicles are opening real estate, and that only holds on a foundation of reliable data.
The next great capital cycle is physical.
Buildings sit at the center of the energy transition, and bringing them to net zero is the largest investment ahead of any economy, a generational effort that dwarfs rebuilding a continent. Regulation is turning that ambition into obligation. The owners who measure, manage, and cut cost with discipline will compound; the rest will be repriced.
Behind every asset is a place someone lives.
As more of us become tenants, the quality of a building becomes the quality of a day. Managing real estate well is not only a financial discipline: it is what good housing, lower emissions, and livable cities are made of. Better data, in the end, is better lives.
Technology should hand the judgment back.
For the first time, machines can read real estate's unstructured world (its filings, valuations, and leases) and turn it into something you can question. We build for that moment, natively. We use it not to replace the professional, but to return the time and clarity the work deserves. The data is ours to assemble; the decision stays yours.
We are a technology company, and we are partisans of transparency. We will keep building the data layer beneath real estate until seeing the whole market clearly is the default, not the privilege of a few. The largest asset class deserves to be understood.
Félix Arbez-Gindre, Oscar Delabranche & Ali Baghdadi
Co-founders, Quanthome