The real estate global asset class is well over $230T and growing. Although it is the world’s largest collection of assets the real estate industry still operates with many deficiencies. DeRealFi will revolutionize the antiquated paper-based systems in the existing space. DeRealFi is announcing its pending application release, which will eliminate arduous paperwork, speed up the title/escrow process, reduce middlemen, lower costs, and make it extremely easy for people to acquire residential and commercial real estate.
The initial offerings that DeRealFi will launch include creating a blockchain based title process, via proprietary smart contracts, that will automatically provide relevant title and county data in an expedited manner. The application will create an innovative lending platform backed by AI, as well as an appraisal platform, a secure funding portal, and an in-application recording service.
DeRealFi is being launched by successful real estate entrepreneurs Kevin Touly, Chief Executive Officer, and Sajan Bhakta, Chief Operating Officer who have a combined participation in over 1000 transactions equating to over $500 million in volume.
Their backgrounds in engineering, finance, and banking accelerated by their personal frustrations of inefficient real estate transactions have catalyzed their innovative solutions and building a team to make it come to life.
In support, a successful blockchain advisory team led by Bill Inman, multiple blockchain patent holder, Stacey Engle, founder of Authority Circle, and Jeff Chao, consummate entrepreneur.
Even before application launch, DeRealFi has gained support and commitment from well-known and reputable title companies and brokerage houses, who plan to roll out the platform to differentiate their service upon launch.
DeRealFi was invited to CoinAgenda Global Conference in Las Vegas to share its exciting and promising venture to over 500+ attendees on Wednesday October 27th, 2021.
“We’re at the forefront of web 3.0 to revolutionize the antiquated paper-based real estate transactions industry. With the rapid adoption of blockchain, AI and emerging technologies there is no better time than now.” says Touly.
© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.