Milo Unveils World’s First Crypto Mortgage

CoinList has developed a bank-grade compliance process that blockchain companies can access through a streamlined API, helping initiatives guarantee everything from due diligence to investor accreditation. While CoinList’s platform is designed for blockchain tasks, its focus on lowering the logistical and regulatory load around fundraising is being mirrored within the public markets. Investment banks right now are experimenting with automation to help eliminate the hundreds of labor hours that go into an IPO.

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The firm is working with greater than 700 potential borrowers on pre-approvals and has made $5 million to $10 million in loans, CEO Josip Rupena stated in an interview with Barron’s. Traditional banks and lenders underwrite loans based mostly on a system of credit reporting. Blockchain technology opens up the potential of peer-to-peer loans, complicated programmed loans that may approximate a mortgage or syndicated mortgage structure, and a faster and more secure loan course of normally.

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