Bridgecoin launches lending platform for users to defer crypto gains tax via real estate assets
“Our process does not tokenize real estate assets, but borrows our customers’ crypto while paying a flat rate as interest.”
Bridgecoin Capital has launched a new lending platform, designed by the partnership of real estate and crypto professionals, that lends customers’ crypto into traditional real estate assets.
According to the firm, this novel model is the first tax-efficient method for preserving wealth in the blockchain industry as it allows users to defer their crypto capital gains utilizing real estate to both defer taxes and diversify customer portfolios.
“Ensure crypto gains are put to better use than paying taxes”
With the $163 Billion earned by investors in the last crypto bull run, there were serious tax implications for capital gains. The fully regulated process developed by Bridgecoin Capital allows customers to collateralize their crypto assets into a cash loan while avoiding the transfer capital gains tax and then will lend the cash into interest-flowing real estate deals.
“The launch will ensure crypto gains are put to better use than paying taxes, and in a way that focuses on both transparency and compliance”, the firm argues as the regulation-focused model aims to benefit users from the tax and interest features, but also from the strong and stable platform.
All customers undergo KYC, the lending and lockup structure is straightforward, and the collateralized loan guarantees that the return is set in terms of the USD repaid at the end of the lockup period and the APY delivered throughout the process, Bridgecoin said in its official announcement.
Joey Billet, co-founder and CEO of Bridgecoin, said: “We are proud and excited to introduce our platform to the crypto community. Our team has identified a key sore spot for successful investors regarding the capital gains tax. With our experience within both industries, we have found a way for investors to defer their crypto gains tax, while simultaneously diversifying their portfolio generating passive income. Our process does not tokenize real estate assets, but borrows our customers’ crypto while paying a flat rate as interest. Bridgecoin clients can sleep at night knowing their rate of return is locked into tangible real estate assets where their money is safe.” This is the power of our newly launched platform.”