Pioneering Fractional Real Estate Ownership

Nashville, TN – Seeking to redefine the real estate market, Sols Lot Inc. (“Sols Lot” or “the Company”), a leading innovator in decentralized fractional real estate, has announced a strategic partnership with Chia Network Inc (“Chia”). Through this partnership, Sols Lot will use Chia Network technology to enable individuals to purchase Digital Assignment Contracts (“DACs”), representing a novel form of fractional ownership stake in the appreciation of underlying real estate.

Leveraging Chia’s secure enterprise technology, Sols Lot’s platform offers DACs, allowing users to purchase fractional ownership stakes, represented and transacted as tokens, in properties listed by the Company. These DACs automate and streamline previously cumbersome and complex property transactions which allows users an entirely new way to purchase and sell fractional shares in a property, while maintaining compliance and meeting established Know Your Customer (“KYC”) requirements.

“We’re empowering everyone with the necessary tools to access appreciation in the real estate market as owners,” said Matthew Hintz, Co-Founder & CEO of Sols Lot. “Home prices are a major gate to engagement in the real estate market, and fractional ownership offers a more equitable experience to a previously inaccessible market. With the technology from Chia, we can drive dramatic positive change in real estate.”

Sols Lot’s platform development innovated across three key areas to offer compliant, accessible, and safe fractional real estate sales and ownership verification:

• Building and deploying a blockchain-powered system using KYC and VCs: We’ve built a secure, blockchain-based platform that empowers homeowners to fractionalize their property for sale, using a robust KYC (Know Your Customer) system powered by Stripe. For homeowners, this means only verified individuals can sell a fraction of their real estate—ensuring trust and security in the transaction process. While buyers aren’t required to undergo KYC to purchase, this added layer offers peace of mind for those who may need account recovery assistance or face accessibility issues. This balance between security and flexibility opens the door for more users to participate in the digital real estate market, with confidence in the authenticity of ownership.
• Permanent Auditability in Perpetuity: Integrated Chia wallets will be available to any user, even a user who does not download their own wallet to connect. What does this mean for you? A simple, familiar interface combined with top-tier blockchain security. Users enjoy the same ease of use they’re accustomed to in traditional banking or investment platforms—while benefiting from blockchain’s unmatched transparency and security. Every fractional purchase, sale, or rental transaction is permanently auditable, creating trust and ensuring the highest level of transactional integrity.
• Future-Proofing Bank Vault Level Security: We’re committed to pushing the boundaries of on-chain security and innovation. Soon, our users will have access to Sols Lot Vaults—custom-built, ultra-secure storage solutions that offer bank-grade protection for your real estate assets. What’s more, we’re introducing automated micro-rent capabilities, enabling users to become fractional landlords. Imagine earning provable, automated rental income on a fraction of a property or even your own DAC. These innovations not only future-proof your investments but also unlock exciting new revenue streams in the world of digital real estate.

“Sols Lot approached this challenge with a clear vision of how Blockchain technology can improve current challenges in finance and compliance,” said Gene Hoffman, CEO and President of Chia Network. “In real estate today, a massive, complex real estate transaction leads to a singular, relatively illiquid asset for the purchasing party, but this approach using our blockchain offers a unique way for people to engage with and use their assets more freely.

Following Sol Lot’s alpha platform launch which saw over 50 unique transactions, the Company plans to release its Beta version of the platform by late November 2024, allowing users the ability to have a managed wallet address if they don’t connect a wallet and full fiat integrations with Stripe. The Company is currently seeking additional investment.

About Sols Lot

Sols Lot is revolutionizing the real estate market by merging fractional ownership with cutting-edge blockchain technology. The platform offers an unparalleled opportunity for wealth growth through secure, accessible property investments, setting a new standard in the industry.

About Chia Network

Chia Network delivers software to enable enterprises to tokenize, custody, and trade any asset while ensuring auditable authenticity and provenance. Created by Bram Cohen, the inventor of BitTorrent, the underlying open-source, public Chia blockchain provides the secure and regulatory-compliant infrastructure for One Market.

original source – xch.today