RAS AL KHAIMAH, UNITED ARAB EMIRATES/ACCESSWIRE/February 3, 2022/ In September 2021, Savills reported that global real estate assets amounted to $326.5 trillion and were worth nearly four times global GDP. Of the global residential total alone, China, the US, Japan, Germany, the UK, France, South Korea, Canada, Italy and Australia accounted for 75%.

LandOrca technology solutions provider headquartered in the United Arab Emirates that facilitates lending for the real estate industry by providing access to Decentralized financing (DeFi) and using the land title in non-fungible token (NFT) as collateral, entered into two of these ten countries. This is right after their successful entry into India. A market where LandOrc has an operational activity and has successfully executed several staking projects.

Solve the problem

PricewaterhouseCoopers LLP (US firm) reported that lenders are expected to take a much more cautious approach to real estate last year and 2022 compared to equity investors. It’s because of Covid-19. They expect a tougher lending test from banks as they believe government support programs may come to an end, which will increase debt. In contrast, LandOrc actively works with real estate developers to lower the cost of capital and make real estate investing more attractive by providing staking benefits to real estate projects.

LorcFinancing under LandOrc offers real estate developers the ability to access capital at lower cost and generate returns from staking that can be passed on to buyers of real estate projects. LandOrc succeeded in converging the world of real estate to the decentralized world of Web 3.0. Enable seamless movement of liquidity through the crypto ecosystem to the real estate sector. While offering the management of land titles and the collateralization via NFT of land titles. With independent, community-driven governance, including lawyers and evaluators voting using Land Governance Tokens (LGOV).

LandOrc Unique Entry in the United States

Savills also reported that the United States accounts for 11% of global residential value. A significant residential portfolio is concentrated in Europe and North America. They represent 43% of the combined value and are home to only 17% of the world’s population.

As part of LandOrc’s entry into the United States, it established a subsidiary to handle market operations. LandOrc partners with real estate developers to offer master title management of entire projects, using NFT (Non-Fungible Token) technology. Allow ownership and changes to be tracked on the blockchain. Project buyers are also able to get a regular return through staking returns available from the underlying LandOrc platform. A portion of the purchase amount is allocated to the platform for staking a portfolio of global real estate development projects to generate a consistent return. The benefits of staking are tied to the land title held via NFT by the property owner and moves between owners during transactions. All of this is tracked on the blockchain for an increased level of transparency.

This solution is unique in that it allows simplified management of the master title of an entire project and offers a recurring return to project buyers. Track transactions and enable the transfer of performance rights via smart contracts on the blockchain. Thus, securing blockchain technology enables the growth of real estate developers in the United States and helps to better manage the impact of the Covid-19 pandemic and the expected decrease in liquidity for the real estate market.

Several real estate developers in the United States have seen the value of LandOrc’s technology and offering and are in the process of formalizing agreements. Steve Martin, Global Head of Sales and Partnerships at LandOrc, shared his perspective on LandOrc’s entry. “From my discussions with real estate developers across the United States, I see strong interest in the LandOrc solution and how it can transform the industry.” LandOrc would announce details of the real estate projects in the coming weeks.

www.landorc.io

Navonil Roy
CEO – LandOrc
[email protected]
+60173000661

THE SOURCE: LandOrc Limited

See the source version on accesswire.com:
https://www.accesswire.com/686934/LandOrc-Enters-United-States-Bringing-Growth-to-Real-Estate-Developers

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