A New Platform for Real Estate Investors

June 16, 2019
Share this Post: 

Boston-based OpenLTV, which offers fractional investing in loans secured by the U.S. real estate has launched an investment platform, as well as a partnership with Paxos, a company focused on rebuilding the infrastructure of finance through blockchain. The company said that it is building a transparent passive income platform for investors seeking to benefit from exposure to U.S. real estate-backed debt, and will begin accepting the Paxos stable coin.

OpenLTV said that its platform enables investors to earn a passive income collateralized by the U.S. real estate, without actually owning the property. Users will be able to invest using cryptocurrency and earn 8-12% return per year. Further, OpenLTV will issue its securities on the Ethereum blockchain in the form of a security token, enabling transparency and secondary trading with ease, which is an innovation in the blockchain and real estate investment spaces.

“The OpenLTV platform will simultaneously allow us to tap into a global pool of investors and unused crypto-asset liquidity,” says Kirill Bensonoff, CEO of OpenLTV. “We are thrilled to be partnering with the Paxos team to bring a long-standing and secure investment option in the real estate industry to the financial future.”

Through this partnership, Paxos will be integrated into the OpenLTV ecosystem, enabling investments and interest payments in PAX stablecoin, which is equivalent to one US dollar.

In 2018, there were over 200,000 houses “flipped” in the US, and more houses purchased for longer-term investments through a “buy, renovate, and hold” strategy. The OpenLTV platform enables investors anywhere in the world to participate in the lucrative practice of flipping houses and the opportunity to earn market-beating returns. Using OpenLTV, qualified investors can earn passive income by investing in fractional debt secured by real estate in the U.S.

Read more here.

Join us in Madrid, November 12-15 for the Global Online Marketplaces Summit.

Property Portal Watch Madrid Summit 2019

Read more

June 16, 2019

Subscribe to our mailing list to get the famous, free Friday newsletter!

News and analysis to help build better online marketplace businesses, in your inbox, every Friday

Related News

Shutterstock 1932382865
$13 Billion Adevinta Takeover Deal To Go Ahead After 11th Hour Drama

The acquisition bid made by Aurelia Bidco for the Oslo-listed online marketplace operator Adevinta has finally reached the approval threshold...

Read More
Shutterstock 2245599643
Zillow Adds Individual Room Listings to Its Portal

The U.S. real estate portal Zillow has announced the addition of individual room for rent listings to its portal. The...

Read More
Blank 705 X 430 5
Immowelt's German Parent Company Rebranded to 'AVIV Germany'

The local parent company of the German real estate portal Immowelt has changed its name to 'AVIV Germany'. Immowelt is...

Read More
Untitled Design 15
REA Group Sees Strong Domestic Growth in HY1 Results

The Australian real estate marketplace operator REA Group has released its results for the first half of its 2024 financial...

Read More