LePro System, the first regional real estate legal tech start-up has signed a Memorandum of Agreement (MoA) with Crypto Properties International for joint development of real estate smart contract on blockchain.

The joined forces between this two companies will foster the cross-border property transactions, specifically with the aim to gain attention from the Chinese buyers who are buying properties in United States, Australia and Malaysia, just to name a few.

Said Elizabbeth Siew, co-founder of LePro System: “With this collaboration, blockchain-based smart contract in conjunction with other technology platforms like Crypto Properties International platform, the transaction for property sales will be more quickly and securely because it is immutable, permanent and transparent on network.

“We are the first end-to-end full service legal technology company that design, develop, construct and supply an electronic property platform featuring electronic agreement signing, tenancy, electronic storage, and other features to facilitate cross-border property sale.”

Crypto Properties International intends to develop an international online property listing platform which enable property to be transacted using cryptocurrencies like Bitcoin, Ethereum and Rego.

Rego is a utility tokens can be used in the acquisition of certain properties listed on the trading platform and for access to the blockchain based applications.

“In the joint effort of Crypto Properties International and LePro System, I believe that our vision to build and operate a global real estate platform that has a proprietary one stop solution for international property buyers will reach a higher tier in the future,” said Lionell Tan Peng Eng, the CEO & Founder of Crypto Properties International, in his opening speech.

The MoA was signed by Lionell and Elizabbeth at the Head Office of LePro System.