News

OpenLTV flips US real estate debt into a promising opportunity for investors

openltv-real-estate-blockchain

OpenLTV announces the launch of its new investing platform to enable globally accessible, short term, high yield investments backed by US real estate, with the transparency of blockchain

open-ltv-logoOpenLTV, the company offering fractional investing in loans secured by US real estate, announces today the launch of its investment platform, as well as a partnership with Paxos. OpenLTV 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.

Finding investment opportunities that offer strong asset-backed collateral and market-beating returns is not easy. Flipping houses has become an international phenomenon, with multiple highly rated television series showcasing this profitable market. 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.

The OpenLTV platform enables investors to earn passive income collateralized by 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.

In addition to its launch, OpenLTV is also partnering with Paxos, a company focused on re-building the infrastructure of finance. The goal of Paxos is the ability to move any assets anywhere, instantly – and therefore democratize access to a new global, frictionless economy. 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.

“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.”

About OpenLTV

OpenLTV is building a more transparent and accessible passive income platform for global investors, powered by the blockchain and collateralized by US real estate. The company securitizes and enables fractional investing in high-quality short term debt, with yields averaging 8-12% with the transparency of the Ethereum blockchain. Investors use cryptocurrencies on the platform and get paid interest monthly.

About Paxos

Paxos is on a mission to modernize finance by mobilizing assets at the speed of the internet. Paxos is building a future where all assets—from money to commodities to securities—will be digitized and can move instantaneously 24/7. Settlement risk will cease to exist, so trillions of dollars of trapped capital can go to work in a global, frictionless economy. As the first regulated Trust company with blockchain expertise, Paxos is uniquely positioned to mobilize and custody assets digitally.