We’ll Tokenize the House’: Mortgages Are Coming to Ethereum This Summer

On Thursday the fintech startup Fluidity will announce plans for the first ethereum-powered mortgages in California and New York, CoinDesk has learned.

Fluidity execs say the offering is slated for this summer, once all the licensing paperwork is finalized.

“We’ll tokenize the house, which will effectively take the collateral that is the equity of the house,” said Fluidity chief architect Todd Lippiatt. “You’re pledging the house and you get an advanced rate back in terms of dollars.”

read more:https://www.coindesk.com/well-tokenize-the-house-mortgages-are-coming-to-ethereum-this-summer

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