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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.