Hong Kong, Jan 22, 2021 – LABS Group, the world’s first end to end real estate ecosystem platform provider, announced a partnership with Centrifuge to provide DeFi Collateralized Lending. The partnership will revolutionize the traditional capital market in the real estate industry with the potential to access untapped liquidity through collateralized assets using DeFi applications.
The pilot project will be powered by Tinlake, a protocol created by Centrifuge to unlock the value of real-world assets in the decentralized finance ecosystem. Aiming to provide access to fractionalized property ownership, LABS Group is building out a lending product that grants property owners access to low-cost capital via DeFi. Their ownership of properties is an example of low risk collateral to stake in the lending pool.
“Public Blockchain technology enables a trustless environment with distributed ownership of assets”, said Martin Quensel, co-founder of Centrifuge. “Tokenized real estate enables decentralized governance and transfer of value through smart contracts. It will tremendously change the landscape of how people invest in the traditional real estate market. We are looking forward to a pilot with LABS Group and kick-off transformation.”
“We are creating a frictionless process that allows property owners to access untapped liquidity by using DeFi, with a fraction of the cost of traditional finance,” says Yuen Wong, CEO of LABS Group. “This will allow the continuity of the real estate investments by giving investors more options for liquidity to allow for leverage into new investments.”
LABS Group, kick-started since 2018, allows traditional property assets to be fragmented, crowd-funded and traded through blockchain technology, disrupting the way people invest in real estate.
LABS has gained strategic partnership in the blockchain and real estate space around the world, covering America, Europe, Greater China Region, Middle East, etc. For now, LABS has received strategic investment from some top property fund companies. LABS Chairman is a member of the Harilela family, one of the most prominent families in Hong Kong. In addition, LABS Group recently announced its partnership with RioDefi, a top blockchain technology company that developed RioChain.
The LABS team and advisors consist of a perfect combination of traditional business and blockchain experts, coming from prominent HK families, real estate funds, hotels, publicly listed companies, lawyers, venture capital, blockchain and board members from multiple fortune 500 companies.
About LABS Group
LABS is a digital investment platform that provides access to fractionalized property ownership and enables the continuous trading of real estate assets-backed tokenized shares on a regulated security exchange.
LABS uses blockchain technology and smart contracts to ensure complete transparency over a borderless ecosystem where property developers and investors can interact seamlessly and with unprecedented efficiency.
Real estate and blockchain professionals have brought together their expertise to devise an ecosystem of services that make property investment more accessible, more secure and more liquid. For more information on LABS, feel free to find us on https://labsgroup.io.
About Centrifuge – Decentralised Asset Financing
Centrifuge is the protocol for decentralized asset finance. Asset Originators can access bankless liquidity, and investors can earn attractive yields from a decentralized marketplace of asset pools. Centrifuge provides the gateway to access DeFi liquidity using their suite of open source tools: Tinlake, Centrifuge Chain and a P2P Protocol. Decentralized Finance, or DeFi, has cracked the code for a financial system independent of centralized banking and currencies. Powered by the community, DeFi aims to build the most efficient finance grid that distributes money in a fair and trustless way.