HELIO
LENDING (A CYIOS CORP SUBSIDIARY) AND PROPY INC PARTNER TO
OFFER FIRST EVER CRYPTO LOAN UTILIZING NFT REAL ESTATE ASSET AS
COLLATERAL
Boca Raton, FL -- June 10, 2021 -- InvestorsHub
NewsWire -- 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 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 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, 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
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"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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