Legibloq® for Crypto Owners
From buying real estate to acquiring a business, see how Legibloq helps you put your crypto to work in the real economy without any stress.
Support from crypto specialists
No more hassle finding notaries or lawyers who accept crypto financing!
With our network of partner lawyers and notaries, Legibloq connects you with professionals who get crypto and can help with your cases.
Allies to fund your acquisition
In addition to your crypto down payment, do you intend to complement your financing plan with a bank loan?
We review your application and connect you with our financial partners to ensure your project being successful.
No banking risk
Skip the risk of account closures or rejected transfers
With Legibloq, your cryptocurrencies are sent to an escrow account at a PSAN before being converted into euros once the deal is done.
A straightforward SEPA transfer goes to the bank account designated by the firm handling your case. Crypto transfers are also an option.
How does it work
We set up your escrow account with our PSAN partner and give you a unique dedicated address for your crypto-assets, as per the previously signed agreement.
You transfer your funds, and we secure, lock them, and verify their origin
We confirm the funds deposit to the notaries, banks, and lawyers involved, and give them your escrow certificate
If the transaction goes through, once the funding request is received, the crypto-assets are converted to Euros and sent to the recipient.
If the transaction gets canceled, your crypto-assets are sent back to you. No conversion to Euros. No flat tax triggered.
Let's talk about your investment project.
Book a discovery call (free) so we can help you carry out your transaction under the best conditions.
FAQ
enDo I have visibility on my funds during the escrow phase?
Transparency is a core value of our service. Throughout the entire escrow period, you have viewing access to your assets. They won’t be mixed with other users’ funds; instead, they’ll be segregated on a unique address.
Does Legibloq allow avoiding all taxes when purchasing a property?
No, Legibloq doesn't have a magic wand to avoid the taxes that apply to the planned transactions.
However, since the taxable event is the conversion of your crypto to fiat, our solution ensures this conversion only happens when the transaction is finalized. So, if the transaction is postponed or canceled, you don't risk converting your assets unnecessarily and being liable for tax.
If necessary, our network of partners will be able to support you in this area.
Why is it preferable to avoid routing funds through a traditional bank?
Even when clients are in good faith and provide the necessary documentation, traditional banks still sometimes view digital assets negatively. As a result, it's unfortunately common for banks to unilaterally close accounts, block transfers, or refuse to accept funds from crypto asset sales.
Our solution enables the transfer of sale proceeds directly to the appropriate beneficiary, without needing to involve your bank.
What happens if the operation is canceled?
If the transaction is canceled, crypto funds are returned to the buyer. This way, no taxable event occurs.
Which PSAN partner does the solution use?
Our solution partners with Nilos, a PSAN registered with the AMF under number E2023-074. Nilos provides a secure and compliant framework for crypto transactions and custody, in line with the latest regulatory standards. For more information, visit (https://www.nilos.io).
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