The project opens up a fundamentally new opportunity for tokenization of mortgage, which annual issue volume is estimated at $ 4 trillion. It allows real estate owners to get a stable digital asset – Mortgage Unit (MU) by mortgaging their property.
Mortgage Unit certifies an equal scope of claims on real estate in the mortgage fund, what dramatically increases its liquidity.
Mortgage Unit is analogue of mortgage-backed security.
We have passed a proof-of-concept stage and carried out the world's first test issue of MU tokens, secured by a real mortgage claim.
Blockchain allows to check the data on mortgaged objects at any time and to make certain of a mortgage securing.
We have put an emphasis on elaboration and legal ground of tokens issuance and circulation terms to address possible risks that emerge due to the latest development of ICO and cryptocurrency regulation.
Draft documents that will regulate the project implementation and issue of mortgage tokens are already worked out and adapted to Russian legislation.
Now these documents are under adaptation to international application.
Token MU is not tied to particular real estate unit but certifies an equal scope of claims on real estate in the mortgage fund, that increases its liquidity.
Token MU is a stable cryptoasset. Owners of mortgaged property have a contractual obligation to repurchase received tokens: it creates the required level of support for the market rate of the token. Issuance of tokens for new customers creates the level of resistance, restraining the unjustified growth of market value.
Blockchain makes it possible at any moment to check the data about mortgaged real estate and real collateral for mortgage tokens.
We have put an emphasis on legal ground and justification of issuance and circulation terms of tokens to address possible risks that emerge due to the latest ICO and cryptocurrency regulation.
The amount of MU tokens that a property owner can receive in exchange of mortgage is determined by a formula, which basic parameters are regulated by the collective agreement by e-voting of the BQT tokens holders.
All the mentioned above will serve to lower risks and obtain a programmable stable digital asset that combines three major advantages: