Legibloq® for Real Estate Purchase
Financing a real estate transaction with crypto has never been easier.
Access to the entire real-estate market
By integrating euro conversion, Legibloq gives access to the whole property market, removing the need to deal only with sellers who accept crypto payments.
Once the file is approved, only a single crypto transfer stands between you and a standard real-estate deal. Who said using crypto was complicated?
Notaries on board from day one
With Legibloq, a notary is involved in the process right from the start.
We can connect you with one of our partner notaries or onboard any notary interested in joining this innovative initiative.
A secure, reassuring environment
The buyer’s identity is verified and the source of funds checked. To offset any crypto-asset volatility, a safety margin is required from the buyer.
Funds are held and converted by a DASP (Digital Asset Service Provider, “PSAN” in French) registered with the AMF (French Financial Market Authority).
They are then transferred in euros straight to the notary’s account at the Caisse des Dépôts et Consignations.
A financing facilitator
For the buyer, using crypto is as easy as a single transfer.
For the other parties, crypto financing is transparent: compliance is guaranteed, volatility is managed, and payment is settled in euros.
How does it work
Initial contact with Legibloq to present the intended transaction and introduce Legibloq’s sole client: the buyer.
Review of the buyer’s file identity verification and source-of-funds checks.
Signing of the escrow agreement and deposit of the previously verified funds.
At each call for funds by the notary supervising the transaction, the funds are converted into euros and transferred by SEPA to the notary’s account at the Caisse des Dépôts et Consignations.
If the transaction is cancelled, no conversion is carried out and the funds are returned to the client.
A cryptocurrency financing for a real estate transaction? Let's discuss it together.
Book a discovery call (free) so we can help you carry out your transaction under the best conditions.
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FAQ
enHow do you manage the volatility associated with cryptocurrencies?
Because cryptocurrencies are still new to real-estate professionals, we ask the buyer to secure the deal by blocking the funds for the transaction, adding a safety margin that depends on the asset being used.
How does Legibloq get paid?
Legibloq charges a fee on the funds allocated to the transaction. The fee is set when the contract is signed with the buyer and deducted at each call for funds.
Is there any cost for real-estate agencies or the notary?
No, the service is free for them.
How are the notary fees handled?
They are handled exactly as in any real-estate transaction: once the call for funds is issued, the notary receives their fees in euros directly into their account.
How is the escrow deposit managed?
It is managed just like in a standard real-estate deal: after the preliminary sale agreement is signed, the designated escrow holder receives the escrow deposit in euros into their account.
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