OpenLTV, a company that offers fractional investment in loans secured by US real estate, recently announced the launch of its new investment platform, along with the partnership with Paxos. OpenLTV is bridging a transparent passive income platform for investors who want to gain benefit from exposure to U.S. real estate-backed debt.
It’s difficult to find out opportunities for investments from which one can get strong assets backed collateral or market-beating returns. The OpenLTV platform ensures that investors across the world can participate and get a chance to earn market-beating returns. Through OpenLTV, qualified investors can earn by simply investing in the fractional debt which is secured by the U.S. real estate.
The OpenLTV platform allows users to earn without owning the property. Users can invest with cryptocurrency and earn 8-12% return in a year. Further, OpenLTV will create its securities in the form of a security token on the Ethereum blockchain, offering fairness and easy secondary trade, which is an innovation in the Blockchain and real estate investment space.
OpenLTV, apart from its launch, is partnering with Paxos, a company that deals with re-building the financial infrastructure. The objective of Paxos is to enable to move any assets anywhere, quickly and so democratize access to a new global, frictionless economy. With the help of this partnership, Paxos will be clubbed into the OpenLTV ecosystem and PAX stablecoin, which is pegged to the US Dollar will be used to make investments as well as interest payments.
“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.”
Image Source: Unsplash
Discuss this news on our Telegram Community. Subscribe to us on Google news and do follow us on Twitter @Blockmanity
Did you like the news you just read? Please leave a feedback to help us serve you better
Disclaimer: Blockmanity is a news portal and does not provide any financial advice. Blockmanity's role is to inform the cryptocurrency and blockchain community about what's going on in this space. Please do your own due diligence before making any investment. Blockmanity won't be responsible for any loss of funds.
Macro guru and Real Vision CEO Raoul Pal shone the spotlight on a rising layer-1…
As the technology landscape transforms at lightning speed, AI Companions has positioned itself as a…
Did you know that 85% of DeFi value is concentrated in six blockchains? DeFi is…
CLAPART - a groundbreaking RWA platform has launched its much-anticipated $CLP token IDO on Gempad…
Join us at BFC 2024 to explore the future of Web3. Use a special discount…
Catch all the updates with Altcoin Observer, official media partner of WebX Asia 2024. Gear…