OpenLTV Flips US Real Estate Debt Into A Promising Opportunity For Investors
OpenLTV announces the launch of its new investing platform to enable globally accessible, short term, high yield investments backed by US real estate, with the transparency of blockchain.
Boston, June 2019– OpenLTV, the company offering fractional investing in loans secured by US real estate, announces today the launch of its investment platform. OpenLTV is building a transparent passive income platform for investors seeking to benefit from exposure to U.S. real estate-backed debt, and will begin accepting the Paxos stablecoin.
Finding investment opportunities that offer strong asset-backed collateral and market-beating returns is not easy. Flipping houses has become an international phenomenon, with multiple highly rated television series showcasing this profitable market. In 2018, there were over 200,000 houses “flipped” in the US, and more houses purchased for longer-term investments through a “buy, renovate, and hold” strategy. The OpenLTV platform enables investors anywhere in the world to participate in the lucrative practice of flipping houses and the opportunity to earn market-beating returns. Using OpenLTV, qualified investors can earn passive income by investing in fractional debt secured by real estate in the U.S.
The OpenLTV platform enables investors to earn passive income collateralized by U.S. real estate, without actually owning the property. Users will be able to invest using cryptocurrency and earn 8-12% return per year. Further, OpenLTV will issue its securities on the Ethereum blockchain in the form of a security token, enabling transparency and secondary trading with ease, which is an innovation in the blockchain and real estate investment spaces.
In addition to its launch, OpenLTV will integrate the PAX stablecoin into the OpenLTV ecosystem, enabling investments and interest payments in PAX stablecoin, which is backed 1:1 by the US dollar.
“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. “By integrating PAX as a way to make payments, we’re also creating a pathway that allows people the opportunity to make a long-standing and secure investment in the real estate industry to the financial future.”
OpenLTV is building a more transparent and accessible passive income platform for global investors, powered by the blockchain and collateralized by US real estate. The company securitizes and enables fractional investing in high quality short term debt, with yields averaging 8-12% with the transparency of the Ethereum blockchain. Investors use cryptocurrencies on the platform and get paid interest monthly.
At Paxos, we are re-building the infrastructure of finance. We want to make it possible to move any assets anywhere, instantly – and therefore democratize access to a new, global, frictionless economy. Paxos is the issuer of PAX stablecoin, a digital dollar. Like other crypto assets, it can move instantaneously, anywhere in the world, any time of any day, and it’s programmable. Unlike other crypto assets, PAX is stable. It is backed 1:1 for the dollar and it’s issued by the Paxos Trust Company, so the funds are carefully protected, audited and regulated.