The project opens up a fundamentally new opportunity for tokenization of mortgage, which annual issue volume is estimated at $ 4 trillion. It allows real estate owners to get a stable digital asset – Mortgage Unit (MU) by mortgaging their property.
Mortgage Unit certifies an equal scope of claims on real estate in the mortgage fund, what dramatically increases its liquidity.
Mortgage Unit is analogue of mortgage-backed security.
We have passed a proof-of-concept stage and carried out the world’s first test issue of MU tokens, secured by a real mortgage claim.
Blockchain allows to check the data on mortgaged objects at any time and to make certain of a mortgage securing.
We have put an emphasis on elaboration and legal ground of tokens issuance and circulation terms to address possible risks that emerge due to the latest development of ICO and cryptocurrency regulation.
Draft documents that will regulate the project implementation and issue of mortgage tokens are already worked out and adapted to Russian legislation.
Now these documents are under adaptation to international application.