San Francisco, USA - Monday November 4th, 2024 - Fabrica, the leading platform bringing real estate onchain, and MetaStreet, a liquidity scaling protocol, announced a partnership last week to launch instant loans backed by real land and powered by MetaStreet's pool-to-peer lending.
The partnership will expand Fabrica’s lending capabilities and continue to bridge the gap between real estate, the largest asset class in the world, and onchain markets. In the partnership, MetaStreet is able to offer pool-to-peer lending, where lenders can contribute liquidity into a shared pool, regardless of individual contribution sizes. This pool will efficiently and automatically allocate capital to borrowers on Fabrica based on the estimated value of the property, with loan terms tailored to each borrower.
Real estate is the US’s largest asset class at $60 trillion. Bringing undeveloped land ($5T) to the blockchain through Fabrica supercharges an asset class that typically faces significant information asymmetry and slow operations. Digital-asset-based lending further widens this access by unlocking capital for millions of landowners without having to go through a bank. This allows landowners to access capital within minutes, eliminating weeks of outdated paperwork.
For more information on Fabrica’s lending, check out Guide to Lending on Fabrica Properties.
According to Federico Pomi, CEO of Fabrica:
Our partnership with MetaStreet shows that combining onchain building blocks brings tangible benefits to users, creating products that traditional finance simply can’t offer.
About Fabrica
Fabrica is the leading platform to bring real estate properties onchain at scale. The established platform lets users buy and sell real land via digital assets, removing the complexity and inefficiency of the legacy deed system. Since 2018, it has refined its model and worked closely with local and state regulators enabling it to operate in all 50 states, hold over 20 licenses and onboard over 500 properties onto the platform. Fabrica allows users to buy, sell, and get loans on real properties fully onchain. Fabrica is backed by leading investors, including Mark Cuban, OpenSea, Sound Ventures (Ashton Kutcher's fund), Pioneer Fund, and Urban Innovation Fund.
About MetaStreet
MetaStreet is a liquidity scaling protocol focused on unlocking liquidity for digital assets. It offers innovative financial products that allow users to leverage their NFTs without the need to sell them. MetaStreet is backed by Dragonfly Capital, Nascent, OpenSea & others.