Unlocking the money held in the value of your home is not new, schemes abound across the UK, but here’s something completely different: buying a bit of a house with Bitcoin.

The appropriately named TrustMe says that it is a blockchain-enabled property exchange and land registry.

TrustMe’s white paper details the launch of the TrustMe Property Exchange Limited and Blockchain Land Registry Limited, which will enable homeowners to trade shares (‘property certificates’) in their property on an open market as a new type of tradeable asset-class. Clients on the property exchanges will be able to purchase up to 49 per cent of the value of a property or residential home with Bitcoin or fiat currency, whilst the 51 per cent owner-occupier continues to live in and manage the property.

Homeowners will be able to trade shares in their property on an open market as a new type of tradeable asset-class. The first exchange will be rolled out in London in October, with parallel TrustMe Property Exchanges launching shortly in Toronto and New York.

Antony Abell, MD of TrustMe says, “The London property market, which has, for many people, long been prohibitively expensive, needs to be democratised. The TrustMe Property Exchanges will allow homeowners to unlock the value of their own house or properties and to use these assets as a form of stored liquid wealth, similar to a 30-90 day bank account, by trading as much or as little of their asset as they wish in an efficient, transparent and auditable manner.”

http://www.u-trustme.com/whitepapers.html