Boca Raton, Florida--(Newsfile Corp. - June 10, 2021) - Propy Inc., a leading real estate innovator in the automation of transactions using blockchain technology that just made history selling the world's first Real Estate NFT with ownership transfer and Helio Lending (a wholly owned subsidiary of CYIOS Corp. (OTC Pink: CYIO), a CeFi aggregator focused on crypto-lending/deposits, today announced that the companies are partnering to enable real estate NFT's to be used as collateral for loans, similar to a cryptocurrency backed loan. This new type of financing allows NFT property owners to leverage their assets as they would if it were physical property with a traditional bank or financial institution.
Ms.Natalia Karayaneva, CEO of Propy, commented, "We are super proud to have completed a historic milestone with the very first NFT Real Estate transaction successfully being transacted this week resulting in change of ownership of an apartment in Kiev, Ukraine, formerly owned by TechCrunch Founder Michael Arriginton. This property previously made history as the first-ever blockchain-based real estate sale. Now, we are excited to partner with Helio Lending to make history again, as we look to facilitate the first ever NFT real estate loan collateralized by the NFT. By combining Helio and Propy resources and expertise, it allows us to leverage the promise of blockchain technology and non-fungible tokens (NFT) to achieve self-driving real estate transactions and open new lending opportunities. Real estate as an asset class will become a part of the decentralized finance economy. The world real estate market is worth $217 trillion and makes up more than half the value of all mainstream assets worldwide. We are only just at the very beginning of what we believe to one of the biggest disruptions in recent history for the real estate market and we believe we are well positioned to participate and take a leadership role in the space."
Michael Arrington, CEO of Arrington XRP Capital and Propy investor added: "This partnership between Helio and Propy represents an important first transaction, proof of concept whereby you have the NFT Real Estate being used as collateral for a loan, which has not been done before. Coming at this from a crypto angle, we have seen what happens how DeFi gets plugged into credit markets. If I have an NFT or any DeFi asset I can then borrow against it, without a middleman. Right now, if I have a real piece of real estate, there is no way for me to borrow against it, without a middleman, because I must go through a bank and get a mortgage or whatever. And it is also the friction, all of the costs in terms of speed and how long it takes.If we can find a way to plug real estate and other real-world assets into DeFi, I think that the amount of credit that can be created around that is in the trillions, eventually."
John O'Shea, Founder of Helio Lending and Chairman of CYIOS Corp. commented, "The partnership between Propy and Helio looks to change the way you can fund real estate purchased and gain maximum diversification of your crypto assets and real estate assets. Having a solution to put your real estate holdings on to a NFT and being able to get a loan against that asset is truly unique and can change the landscape of real estate. The process works like this: the seller signs proprietary-developed legal papers for NFTs to transfer ownership to a future buyer, carries out an NFT auction, and receives payment in cryptocurrency. This transaction is enabled through the Propy platform. Then, the owner or buyer can use their NFT as collateral, to receive anywhere between 20% - 70% of the value in cash. The benefits of this loan include no margin calls, competitive interest rates, no rehypothication, no credit checks, nonrecourse, no mortgage costs and/or timely delays due to lengthy approval and closing process. If the NFT is unencumbered property via an LLC, which can be borrowed against as a business loan through Helio Lending, you may be able to receive up to 70% of the NFT value to receive in USD. We look forward to working with Propy, and together pioneering new business opportunities evolving from the world of DeFi."
CONTACT INFORMATION
For Propy: Lisa Fettner, marketing@propy.com
Follow us on Twitter: twitter.com/PropyInc
For Helio/CYIOS
Public Relations:
Marko Radisic, admin@cyioscorporation.com
www.twitter.com/cyioscorp
Follow Helio Lending:
https://heliolending.com/
https://twitter.com/heliolending
About Propy
Propy is a leading innovator in the real estate industry, building self-driving transactions. Propy makes property purchase transactions easier by bringing agents and consumers together in a secure environment. Propy Offers help agents and consumers win offers; and Propy Transaction Platform enables agents, consumers and title companies to easily manage all phases of a sale online. Purchase offers, payments and deeds are processed on the immutable blockchain. Worldwide, the Company has assisted in over 1,000 real estate transfers. Closing deals via NFT-ing property ownership can ease the life of the consumer and the agent and unlock the equity liquidity. Propy is backed by blockchain investor Tim Draper, and has helped thousands of agents and homebuyers make offers and complete over $1bn worth of transactions via their easy-to-use and secure online platform. Learn more at www.Propy.com.
About Helio Lending, PTY LTD. (wholly owned subsidiary of publicly traded CYIOS Corp.: CYIOS)
Founded in 2018, Helio Lending has developed a CeFi cryptocurrency lending platform, with headquarters in Australia. Recognized as the first to market in Australia, Helio Lending was the first independent crypto lending company to actively lend within Australia. Helio has since evolved and positioned itself as the first CeFi (centralized finance) aggregator worldwide. Helio has a large panel of partners providing access to the best rates and offers for crypto loan providers as well as offering a competitive yield generating platform. Helio Lending provides holders of cryptocurrency (such as Bitcoin, Bitcoin Cash, Ethereum, Litecoin and Ripple) with a safe and secure way to access fiat funds at the best rates, without selling any of their cryptocurrency. Helio also allows holders to earn rates on their cryptocurrency. For more information, please visit www.cyioscorporation.com.
FORWARD-LOOKING STATEMENTS: This release contains "forward-looking statements". Forward-looking statements also may be included in other publicly available documents issued by the Company and in oral statements made by our officers and representatives from time to time. These forward-looking statements are intended to provide management's current expectations or plans for our future operating and financial performance, based on assumptions currently believed to be valid. They can be identified by the use of words such as "anticipate," "intend," "plan," "goal," "seek," "believe," "project," "estimate," "expect," "strategy," "future," "likely," "may," "should," "would," "could," "will" & other words of similar meaning in connection with a discussion of future operating or financial performance. Examples of forward-looking statements include, among others, statements relating to future sales, earnings, cash flows, results of operations, uses of cash and other measures of financial performance. Because forward-looking statements relate to the future, they are subject to inherent risks, uncertainties and other factors that may cause the Company's actual results and financial condition to differ materially from those expressed or implied in the forward-looking statements. Such risks, uncertainties and other factors include, among others such as, but not limited to economic conditions, changes in the laws or regulations, demand for products and services of the company, the effects of competition and other factors that could cause actual results to differ materially from those projected or represented in the forward-looking statements. Any forward-looking information provided in this release should be considered w/ these factors in mind. We assume no obligation to update any forward-looking statements contained in this report.
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