Fabrica's facilitation of real property trading is subject to a variety of regulatory and compliance requirements. While it varies state-to-state, Fabrica's service of enabling digitized transfer of ownership fits generally within a statutorily defined title agency. As a consequence, Fabrica Inc. has a licensing strategy aligning it with provision of title and escrow services, although the fund transfers are done on-chain in public blockchains.
Different states have different rules around who can provide title and escrow services. In most states, we are licensed as a title agency and/or realtor.
Fabrica's licenses in 20 states (as of 12/22), with more licenses on the horizon, provides the groundwork for supporting owners and properties in those states.
Updated 9 months ago