Ubitquity LLC, an enterprise-grade blockchain-enabled platform for actual property and title recordkeeping, is teaming up with LavaTrust Consultancy so as to achieve key insights into the US actual property closing sector.
Headquartered in Vancouver, BC, Canada, LavaTrust Consultancy goals to deliver its trade experience and beneficial expertise in the true property markets (USA / Canada), in addition to the worldwide digital belongings sector.
The founders at LavaTrust have reportedly been trying to streamline the true property sector with the adoption of blockchain or distributed ledger know-how (DLT). Now primarily targeted on training and session, firm CEO Pleasure Case is happy to have some kind of alignment with Ubitquity, which is a longtime participant in actual property functions for blockchain tech.
Having “imaginative and prescient” and “values” aligned with Ubitquity, LavaTrust goals to open up networks and key alternatives for each to take part within the restructuring of outdated know-how and enterprise processes with larger effectivity of DLT-based options.
Nathan Wosnack, Founder and CEO at Ubitquity, acknowledged:
“Ubitquity and I are excited to be working with LavaTrust Consultancy. Ms. Case and her workforce deliver a wealth of data and years of expertise in the true property and digital marketplaces. Combining this with our blockchain functions will probably be mutually useful and make a long-term influence on the evolution of the true property closing trade,”
Wosnack additionally talked about that they profit from leveraging LavaTrust Consultancy’s CEO Pleasure Case’s “trusted” community developed by making the most of 15 years of expertise in the true property sector (residential, industrial and improvement initiatives). He added that as LavaTrust has “strategic” relationships with Household Places of work and varied different traders, their potential for brand spanking new collaborations has “expanded tremendously.”
Pleasure Case, CEO and Founding father of LavaTrust Consultancy, remarked:
“I’m excited and grateful to accomplice with Ubitquity to assist provoke blockchain adoption within the typically antiquated processes inside the true property trade. Ubitquity has varied blockchain-based merchandise that may serve the trade with enhanced effectivity, elevated safety within the transaction course of, much less friction and elevated agility within the closing lifecycle, parallel recordkeeping knowledge storage, different income streams for its companions, future-proofed settlement options and a lot extra.”
Case additionally famous that with the emergence of extra regulatory readability within the US pertaining to stablecoins and banks now being permitted to custody crypto-assets, she sees Ubitquity providing an “autonomous” future-compatible settlement platform via its SmartEscrow providing to the longer term decentralized finance (DeFi) actual property trade.
She added that LavaTrust Consultancy is wanting ahead to working with Ubitquity in order that they’ll maintain innovating and provide “actual worth to the true property closing trade collectively.”
Ubitquity has a number of Blockchain as a Service (BaaS) instruments at the moment accessible on its “unanimity” platform, that it has built-in throughout key industries corresponding to aviation and actual property for escrow and title closing assist, title abstracting, digital, hybrid, and paper notary assist, good contract administration, and safe doc administration.
Ubitquity may also assist out with “regulatory-compliant” digital token gross sales, integration consulting, and varied different providers. The provision of every providing “is determined by the regulatory physique (SEC, FINMA) exemption chosen by its tokenization purchasers,” the corporate clarified.
In August 2020, Ubitquity had partnered with Washington-based Rainier Title, which goals to supply the “highest ranges” of actual property title and escrow providers.
By way of the partnership, Ubitquity will create a platform for issuing tokenized property titles and parallel information of conveyances for Rainier.