<ul>
<li>Hoseki team up with bitcoin lending firm Ledn for easy proof of asset documentation. </li>
<li>Hoseki&rsquo;s public launch is scheduled for early Q3 2022.</li>
</ul>
Hoseki, the world&rsquo;s first bitcoin-native asset attestation service, is thrilled to announce its pre-launch relationship with Ledn, the global bitcoin credit and savings firm with clients in 127 countries. The two teams will provide the bitcoin industry&rsquo;s most advanced lending and proof of assets services for retail bitcoin investors, similar to proof of reserves for custodians.
Hoseki started in 2021 with the singular mission of providing digital asset attestation services to bitcoin investors. Hoseki is preparing its alpha product launch for summer 2022. Ahead of the launch, traditional financial service providers and some of the Bitcoin industry&rsquo;s leading financial startups, including Ledn, have approached Hoseki to use its asset ownership documentation.
Ledn&rsquo;s collaboration with Hoseki comes less than four months after the Canada-based lending firm secured $70 million in a Series B funding raise. Assets on the Ledn platform have exceeded $1.7 billion, and the company&rsquo;s new Bitcoin Mortgage product has generated over $2 billion worth of interest.
Hoseki users can seamlessly submit standardized proof of asset documentation to Ledn through the Hoseki dashboard where users manage their hardware wallet and exchange account information. In the Hoseki app, a lenders tab will educate prospective borrowers on steps to proving asset ownership and originate a bitcoin-backed loan through Ledn.
&ldquo;We&rsquo;re thrilled to collaborate with the Hoseki team as they build a crucial piece of financial infrastructure for the bitcoin economy,&rdquo; said Adam Reeds, CEO of Ledn. &ldquo;Easy and standardized asset ownership documentation for all bitcoin investors can accelerate the volume of loan originations and broader maturity of the digital asset market by leaps and bounds.&rdquo;
&ldquo;The Ledn team built a world-class financial services firm for the bitcoin economy. Our entire team is excited to name them as our first lending integration for building bitcoin-native financial plumbing,&rdquo; said Sam Abbassi, CEO of Hoseki. &ldquo;Hoseki&rsquo;s proof of asset documentation will be essential for borrowers to work with teams like Ledn as the bitcoin economy continues to grow and mature.&rdquo;
Hoseki plans to launch a private alpha version of its product with the Ledn integration to a small group of users this summer 2022 with a public launch scheduled for Q3 2022. Bitcoin investors interested in testing the Hoseki alpha product can visit <a href="http://hoseki.app/">hoseki.app</a> to get early access.

Hoseki is thrilled to announce its pre-launch relationship with Ledn, the global bitcoin financial firm with clients in 127 countries.

Hoseki Announces Pre-Launch Collaboration Ledn

Hoseki Announces Pre-Launch Collaboration With Bitcoin Lending Firm Ledn

This post is the third in a multi-part series detailing the home buying process for bitcoin investors. The goal for each article is to provide basic information on each step of the homebuying process tailored for the bitcoin community.
Read the rest of the series here:
<ul>
<li style="font-weight: 400;" aria-level="1"><a href="https://www.hoseki.app/blog/home-buying-with-bitcoin-the-pre-approval-process">Part 1: The Pre-Approval Process</a></li>
<li style="font-weight: 400;" aria-level="1"><a href="https://www.hoseki.app/blog/home-buying-with-bitcoin-making-an-offer">Part 2: Making an Offer</a></li>
</ul>

Up to this point, the &ldquo;Home Buying with Bitcoin&rdquo; series has covered the initial steps of the home buying process with an emphasis on Bitcoin investors as prospective buyers.&nbsp; Part 3 of this series explains critical deal terms that every buyer should pay attention to when instructing a realtor to write an offer. Readers should keep in mind that this is not intended to be an exhaustive list of every deal point to consider when writing an offer. Instead, this blog post is meant to help readers pay special attention to the deal terms highlighted here to better equip a home buyer with the right questions to ask and to help avoid common pitfalls.&nbsp; 
Real estate market dynamics often change very quickly. The best way to ensure a buyer maximizes their leverage and gets the best possible deal is to understand the current climate. This is where having an experienced realtor can be extremely helpful. The most obvious deal point to consider is, of course, the offer amount. How much a buyer offers can be delicate.&nbsp;
The goal of finding the right offer amount is to strike a balance between what is attractive as a buyer and what could be in the range of what is reasonable for the seller. This means offering an amount that elicits a counteroffer, ideally somewhere in between the list price and the offer amount. For example, if a home is listed for $600,000 and a buyer is willing to pay $585,000, it may make sense to start the offer at $575,000. Aggressive negotiators can become overzealous and make an initial offer too low which risks offending a seller. In the same scenario, for example, offering $525,000 may signal to the seller that the buyer is not serious and does not even warrant a counter offer. On the flip side, if a seller accepts the first offer that is likely an indication that the buyer was not aggressive enough.&nbsp;
Beyond the offer amount, which is affected by a myriad of factors, the other key deal terms are:
<ul>
<li style="font-weight: 400;" aria-level="1">Earnest Money</li>
<li style="font-weight: 400;" aria-level="1">Appraisal, Inspection and Financing Contingencies</li>
<li style="font-weight: 400;" aria-level="1">Closing Date</li>
<li style="font-weight: 400;" aria-level="1">Loan Terms</li>
</ul>
The following sections explain the first two in order. The last two will be explained in a subsequent post.
Earnest Money: In the hopeful event that an offer is accepted, meaning a buyer and seller reach Mutual Acceptance, the earnest money serves as a type of insurance policy for the seller to hold the buyer accountable for closing the transaction. Typically the earnest money is held by a neutral third party in the transaction such as the escrow company. The standard expectation for earnest money usually hovers around 1% of the offer amount, but in a seller&rsquo;s market where multiple offers are expected, increasing the earnest money is a strategic way to make an offer more attractive. If the transaction closes as expected, the Earnest Money is returned to the buyer and everyone is happy.&nbsp; If something goes wrong during the course of the transaction, however, it becomes critical to understand the contingencies which give the seller the right to retain a buyer&rsquo;s Earnest Money if those contingencies are not met.&nbsp;
Appraisal Contingency: Mortgage lenders require an acceptable appraisal to be completed before they will extend financing on a property. The main aspect of an appraisal is the final valuation provided by the appraiser. The appraised value must be equal to or greater than the purchase price otherwise the lender will require the buyer to come up with the difference. The appraiser may also flag other aspects of the property such as an incomplete kitchen or a safety hazard which the lender requires to be remedied before extending financing for the property. The appraisal contingency protects the buyer from these scenarios and allows them to rescind the transaction without losing their earnest money. While a low appraisal can be a stressful development, it can also provide the buyer with additional leverage to renegotiate the purchase price or threaten to walk away.&nbsp;
Inspection Contingency: While the lender requires an appraisal, it is up to the buyer whether or not they want to obtain an inspection. Again, whether or not the buyer will allow for an inspection contingency depends on market conditions. But for the most part, this is a standard inclusion that all parties anticipate as a part of the transaction. The contingency is an additional layer of protection for the buyer to perform further due diligence on the property without risking the loss of their earnest money if they discover something they did not expect. For example, a property inspection may uncover water damage in the basement of a property which was not disclosed by the seller. This is once again an opportunity to renegotiate with the seller to either remedy the deficiency or compensate the buyer to perform these repairs after closing.&nbsp;
Financing Contingency: Often the most flexible trigger, the financing contingency, allows the buyer to rescind (cancel) the offer in the event their financing falls through and they do not qualify for the mortgage to obtain the property. This is important because if the loan fails for any reason, the buyer can walk away from the transaction without losing their earnest money.&nbsp;
All three of these contingencies are tied to specific deadlines that must be satisfied within the due diligence period. The buyer is required to waive these contingencies at the negotiated intervals in order to proceed with the transaction. Once all contingencies are waived, if the buyer still fails to perform and close the transaction, then the seller is entitled to keep the earnest money.&nbsp;
If the buyer successfully completes their appraisal, inspection and financing, however, it&rsquo;s time to head to the closing table and finalize the transaction which we&rsquo;ll explore in depth in the next part of the series.&nbsp;

Learn the critical deal terms that every buyer should pay attention to when instructing a realtor to write an offer.

Home Buying with Bitcoin: Deal Terms and Contingencies

Home Buying with Bitcoin (Part 3): Deal Terms and Contingencies

This post is the second in a multi-part series detailing the home buying process for bitcoin investors. The goal for each article is to provide basic information on each step of the homebuying process tailored for the bitcoin community.
Read the rest of the series here:
<ul>
<li aria-level="1"><a href="https://www.hoseki.app/blog/home-buying-with-bitcoin-the-pre-approval-process" rel="follow">Part 1: The Pre-Approval Process</a></li>
<li><a href="https://www.hoseki.app/blog/home-buying-with-bitcoin-deal-terms-and-contingencies" rel="follow">Part 3: Deal Terms and Contingencies</a></li>
</ul>
Once a prospective home buyer has obtained a Pre-Approval Letter (see Part 1:The Pre-Approval Process) or has been fully pre-underwritten, they are ready to make an official offer to purchase a home. This step can be the most intimidating, frustrating and at the same time, the most exhilarating part of the process. This article walks through best practices for making an offer and ways to avoid common pitfalls.&nbsp;
First, a home buyer is typically best served by working with an experienced real estate agent. It's best to obtain a few recommendations from trusted friends and family, and home buyers could even consider interviewing a couple candidates before selecting who to work with. Prospective buyers can also find a list of Bitcoin-friendly brokers in Hoseki after creating a Hoseki account. Sellers often won&rsquo;t take offers seriously if they are not submitted with the help of a qualified agent. Also, buyers in a real estate transaction are traditionally NOT responsible for paying a real estate agent&rsquo;s commission. A buyer&rsquo;s selection for their agent can make all of the difference in not only finding the right home, but also negotiating the best terms as well as understanding the nature of current market dynamics.&nbsp;
Home buyers who are interested in using their Bitcoin to help qualify for a home may be best served by ensuring their selected realtor has at least a basic understanding of how bitcoin works. However, this is not quite as important as ensuring your lender is well versed in bitcoin lending.&nbsp;
In recent years, websites like Zillow and Redfin have become incredibly empowering for prospective home buyers. Indeed, a serious buyer would be wise to do their own research using the available resources by getting a good sense for what their money can buy and regularly monitoring market conditions by setting up alerts in their price range and in the area they are interested in buying. This gives the buyer a powerful head start and allows them to act decisively when the right home hits the market.&nbsp;
The downside of these websites is that they can make buyers overly confident. When it comes time to actually make an offer on a home, buyers might attempt to write an offer on their own or work with a discount realtor who doesn&rsquo;t provide them with the expert guidance for what is likely the largest purchase of their life. This is a critical mistake that can end up being much more expensive in the long run, especially if a seller has professional representation and senses an ill-prepared buyer.&nbsp;
Proper due diligence for a buyer means not only knowing their own purchasing power by obtaining a pre-approval, but it also involves&nbsp; patiently gauging market patterns over a reasonable duration of time Buyers should ask themselves questions like:
<ul>
<li style="font-weight: 400;" aria-level="1">How quickly are homes going from &ldquo;Active&rdquo; to &ldquo;Pending&rdquo;?&nbsp;</li>
<li style="font-weight: 400;" aria-level="1">How quickly after that are they closing?&nbsp;</li>
<li style="font-weight: 400;" aria-level="1">How much over or under the asking price did they sell for?&nbsp;</li>
<li style="font-weight: 400;" aria-level="1">Are sellings increasing or decreasing prices?&nbsp;</li>
</ul>
Recognizing these patterns will help a buyer identify their true negotiation power and set them up for maximum success when they are ready to pull the trigger.&nbsp;
Once a home that checks all the right boxes for the prospective buyer comes on the market, their next step is to set up a tour or visit the home during an open house. This step also helps the buyer gauge how quickly the home might sell if there are other showings when they tour. Other clues can be uncovered such as how serious and motivated the seller is based on how accommodating they are to the buyer&rsquo;s request to show the home. If the buyer is still interested after the tour, and can truly envision themselves in that home, it&rsquo;s time to instruct your realtor to write an offer.&nbsp;
There&rsquo;s a lot that goes into the offer beyond just the purchase price and many aspects of the negotiation to take into consideration during this step. These concepts will be explored further in the next part of this series!

Making an offer is a key step in the home buying process. Learn about best practices for making offers and common pitfalls to avoid.

Home Buying with Bitcoin: Making an Offer

After pre-approved, making an offer is a key step in the home buying process. Learn about best practices for making offers and common pitfalls to avoid.

Home Buying with Bitcoin (Part 2): Making an Offer

This post is the first in a multi-part series detailing the home buying process for bitcoin investors. The goal for each article is to provide basic information on each step of the homebuying process tailored for the bitcoin community.
Read the rest of the series here:
<ul>
<li aria-level="1"><a href="https://www.hoseki.app/blog/home-buying-with-bitcoin-making-an-offer">Part 2: Making an Offer</a></li>
<li><a href="https://www.hoseki.app/blog/home-buying-with-bitcoin-deal-terms-and-contingencies" rel="follow">Part 3: Deal Terms and Contingencies</a></li>
</ul>
Buying a home starts with getting pre-approved. Home sellers, real estate agents, and even lenders want to ensure that prospective buyers are qualified before investing too much time or resources working with them&nbsp; on a desired home purchase. Pre-approval is a crucial step in the buying process that can also be daunting, stressful and confusing. This brief guide walks through the various types of pre-approval methods so new buyers who own bitcoin will know what they&rsquo;re getting into and can decide which level is best for their situation.
<h2>Level 1: Pre-Qualification</h2>
The first and simplest form of pre-approval is most often referred to as a &ldquo;pre-qualification&rdquo; (sometimes &ldquo;pre-qual&rdquo; for short). Typically this process involves the buyer providing a minimal amount of verbal information to a lender, such as annual income, estimated credit score, desired purchase price and anticipated down payment. While a pre-qual can help get a very rough idea of how much home a buyer can afford to purchase, it does not quite guarantee their approval for a mortgage, and it does not constitute a lender&rsquo;s commitment to lend. Most pre-qual&rsquo;s don&rsquo;t require a credit check or any other supporting documentation. In a <a href="https://www.investopedia.com/terms/s/sellersmarket.asp">seller&rsquo;s market</a>, a pre-qual is typically insufficient for submitting an offer, but they can be quickly and easily completed if a potential buyer is just trying to get an idea of their price range even if they&rsquo;re not quite ready to go through a more involved process.
<h2>Level 2: Pre-Approval Letter</h2>
The most common method for becoming officially pre-approved by a lender involves obtaining a standard Pre-Approval Letter (PAL). Unlike a pre-qualification, in order to receive an official PAL from a lender, a buyer will have their credit checked and complete a full mortgage application (a.k.a., the <a href="https://singlefamily.fanniemae.com/delivering/uniform-mortgage-data-program/uniform-residential-loan-application">1003</a>). Over the years, pre-approvals have become more sophisticated, and buyers with a straightforward financial profile (i.e. W-2 employment, solid credit, low debt) can often receive an automated PAL without even having to speak with a loan officer. However, if an automated pre-approval isn&rsquo;t available, there's no need to panic. With respect to the application, be warned: the smallest errors or missing information discovered in a financial profile may require additional review before approval is granted. In a stable real estate market, a PAL is typically acceptable for submitting an offer.&nbsp;
<h2>Level 3: Pre-Underwritten</h2>
A full pre-underwrite is an emerging method of pre-approving a buyer for a mortgage. This is the most involved of the three mentioned in this article, and it requires an interested buyer to not only submit an application and run a credit check. It also requires them to submit all supporting documentation. Buyers who are including their Bitcoin holdings as a part of the mortgage application&rsquo;s asset section, Hoseki can help by generating a consolidated statement that is compliant with standard underwriting requirements. A full pre-underwrite provides all parties, including the buyer, with the assurance that the desired loan will be fulfilled as requested. Submitting a fully pre-underwritten approval letter, which typically constitutes a lender's written commitment, is a great way to put the buyer&rsquo;s best foot forward and make the offer as strong as possible against competitive offers.&nbsp;
Including Bitcoin holdings is a great way to bolster a buyer&rsquo;s overall financial profile and help get approved for a mortgage! Whether a buyer is seeking&nbsp; a pre-qual or they&rsquo;re ready to get fully pre-underwritten, Hoseki empowers bitcoin-owning home buyers to list their Bitcoin assets on a mortgage application with confidence in documenting proof of these assets.&nbsp;
Choosing the right path as a prospective buyer depends on a variety of factors including: the strength of their overall financial profile; where a buyer stands in the home buying process; and how competitive the real estate market is at the time the buyer is looking The higher the level, the more involved the process, which means expect Level 3 to take days (sometimes weeks!), while Level 1 can take minutes. Regardless of which method a buyer selects, obtaining a bonafide pre-approval is the very first step for any prospective home buyer.&nbsp;
Learn more about how to get started with one of our approved Hoseki Partners by visiting <a href="https://www.hoseki.app/">hoseki.app</a> or contact us with any questions on&nbsp; next steps!

Buying a home with bitcoin starts with pre-approval. Learn about types of pre-approval and how bitcoin investors can navigate the process!

Home Buying with Bitcoin: The Pre-Approval Process

Buying a home starts with getting pre-approved. Learn about various types of pre-approval methods and how bitcoin investors can navigate each part of the process.

Home Buying with Bitcoin (Part 1): The Pre-Approval Process

<h2>de Soto Dreams of Electric Money</h2>
<span style="font-size: 12pt; font-family: Arial; color: #000000; background-color: transparent; font-weight: 400; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">Countries in the Global South are not poor because of culture, collective IQ, a lack of entrepreneurial spirit, or market orientation; they are poor because they lack formal frameworks around property rights. Hernando de Soto discusses these topics at length in the <a href="https://www.amazon.com/Mystery-Capital-Capitalism-Triumphs-Everywhere/dp/0465016154"><span style="font-size: 12pt; font-family: Arial; color: #1155cc; background-color: transparent; font-weight: 400; font-style: normal; font-variant: normal; text-decoration: underline; -webkit-text-decoration-skip: none; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">Mystery of Capital</a><span style="font-size: 12pt; font-family: Arial; color: #000000; background-color: transparent; font-weight: 400; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">. The ability to formalize and express ownership of property is at the foundation of capital and wealth generation. And if you think it has anything to do with culture, try (as de Soto puts it) jumping into a taxi in Addis Ababa or walk through a bazaar in Tehran or hustle your way to the Golden Temple in Amritsar without having someone try and strike up a deal with you. The notion that the people in these regions lack the creativity and the &ldquo;right&rdquo; culture to generate wealth is inhumane, absurd, and entirely unconvincing. When you walk out the door of the Hilton Lima, you&rsquo;re not leaving behind the wonderful world of mobile tech, antibiotics, internet, and refrigeration. The people of Peru have all of those things. What you&rsquo;re leaving behind is the magical world of legally enforceable transactions on property rights.
<span style="font-size: 12pt; font-family: Arial; color: #000000; background-color: transparent; font-weight: 400; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">The unfortunate reality that exacerbates the condition of the people in these countries is that they are actually quite rich in their assets. The problem is that the assets in these regions are locked. Their citizens are unable to represent them and they are unable to live the same invisible parallel lives as in the Global North. These assets are, in effect, stranded.
<span style="font-size: 12pt; font-family: Arial; color: #000000; background-color: transparent; font-weight: 400; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">In the Global North, you can pledge your home for a loan, you can use credit ratings to get access to loans, you can hold stock in a company through legally enforceable contracts, enjoy limited liability and insurance policies, leverage property records that fix, and store capital, all of which can be passed down to your heirs through hereditary succession. You can do all of these magical things in a world where the records of property you hold bestow upon you (the titleholder) and everyone else around you (other participants in the market) access to rights to general capital.&nbsp;
<h2>Bitcoin is a Third World Country</h2>
<span style="font-size: 12pt; font-family: Arial; color: #000000; background-color: transparent; font-weight: 400; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">Countries in the Global South don&rsquo;t have these frameworks and neither does Bitcoin. Bitcoin suffers from much of the same malaise that inflicts contemporary third-world countries such as massive migrations, explosions of extralegal activity, political and civil unrest, and general discontent with an antiquated system. Our migrations are digital, our extralegal activity is dictated by the country we live in, political and civil unrests have a <a href="https://www.amazon.com/Blocksize-War-controls-Bitcoins-protocol/dp/B08YQMC2WM"><span style="font-size: 12pt; font-family: Arial; color: #1155cc; background-color: transparent; font-weight: 400; font-style: normal; font-variant: normal; text-decoration: underline; -webkit-text-decoration-skip: none; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">storied history</a><span style="font-size: 12pt; font-family: Arial; color: #000000; background-color: transparent; font-weight: 400; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;"> that show no signs of abating, and the antiquated system we are discontent with is maintained by a kleptocratic class of elites that expresses no accountability for those who enforce it.&nbsp;
<span style="font-size: 12pt; font-family: Arial; color: #000000; background-color: transparent; font-weight: 400; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">The America of old (the America we love) itself used to be a Third World country that was &ldquo;trying to cope with the law and disorder of migrants, squatters, gold diggers, armed gangs, illegal entrepreneurs, and the rest of the colorful characters who made the settling of the American West so wild and, if only in hindsight, so romantic<span style="font-size: 12pt; font-family: Arial; color: #000000; background-color: transparent; font-weight: 400; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">.&rdquo; Like early American colonists, the prevailing system of English common law did not work. It didn&rsquo;t take into account new forms of property access absent an established and generally accept titling system. This was specifically a problem when it came to cases involving dubious title. Property in England was so well formalized, demarcated and understood that there was no framework to handle newly found or established property. The sheer abundance of land in British North America presented the first settlers with opportunities unfathomable back home in Europe&ndash;both in the collective psyche of the people and the law. Colonists ultimately formed their own rules that varied greatly by jurisdiction that expanded on the principles of English common law. This form of self-governance often clashed with the authorities. But as Peter Charles Hoffer emphasizes: &ldquo;In theory they were part of the king&rsquo;s personal domain [and subject to his laws], but fact preempts theory. Far from England, thinly populated, rich in natural resources, and occupied by men and women who knew their own minds and grasped a bargain when they saw it, the colonies edged towards self-government.<span style="font-size: 12pt; font-family: Arial; color: #000000; background-color: transparent; font-weight: 400; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">&rdquo; Ultimately, Western nations came to acknowledge social contracts born outside the official law as legitimate sources of law, making the law a tool that served popular capital formation and economic growth.
<span style="font-size: 12pt; font-family: Arial; color: #000000; background-color: transparent; font-weight: 400; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">Bitcoin is at a similar point to where America was post-founding, and at the same point where Third-World countries are today.&nbsp;
<span style="font-size: 12pt; font-family: Arial; color: #000000; background-color: transparent; font-weight: 400; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">Bitcoin brings Hernando de Soto&rsquo;s dream to its ASIC-powered reality. Bitcoin is unique in that it natively enforces its own property rights without a <a href="https://medium.com/@hasufly/bitcoin-and-the-promise-of-independent-property-rights-8f10e5c7efa8"><span style="font-size: 12pt; font-family: Arial; color: #1155cc; background-color: transparent; font-weight: 400; font-style: normal; font-variant: normal; text-decoration: underline; -webkit-text-decoration-skip: none; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">monopoly on violence</a><span style="font-size: 12pt; font-family: Arial; color: #000000; background-color: transparent; font-weight: 400; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;"> that enforces most other assets. Bitcoin is also jurisdiction-less in that it is supra-human, its jurisdiction is cyber-space, and it is not bound to the imagined boundaries that make up meat-space. What do you get when you have a jurisdiction-ess asset, that enforces its own property rights irrespective of color, creed, country, language, sex, or vaccination status? You get a new world.
<span style="font-size: 12pt; font-family: Arial; color: #000000; background-color: transparent; font-weight: 400; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">That is what we see at Hoseki. We, like a lot of our friends,&ndash;most likely including the reader&ndash;see a new world where the best money wins. We are tired of the vapid, soulless, and amoral systems of money that pervade and dictate our current lives. Human potential is limitless, and to limit it with monetary discretion and central planning is on the level of psychotic ;), if not genocidal. Bitcoin gives us a sound foundation to build on that avoids the pitfalls of systems of the past. It is through this foundation that we can generate sound capital. Unlike the current system which emboldens rampant debt, anesthetizes itself through bail-outs for those closest to the system, and sadistically brutalizes those on the fringes&ndash;Bitcoin offers something more. Bitcoin rewards good behavior, it rewards low-time preference, high savings, planning, and responsibility. Without strong incentives to exploit, we are embraced by a moralistic future with support beams built and maintained by a global collective, not a cabal of regional insiders. It offers a world that promotes saving for your future self and family, one that will connect you with your locality and allow you, your family, and your community to plan for generations. Bitcoin promotes human potential through its emotion-less enforcement of consensus-based rules that give us predictability, and by extension, reliability.
<h2>Hoseki Fixes This</h2>
<span style="font-size: 12pt; font-family: Arial; color: #000000; background-color: transparent; font-weight: 400; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">Bitcoin has property rights built-in. Much like services offered by brilliant Bitcoin companies today that wrap functionality that Bitcoin, itself, natively offers&ndash;namely <a href="https://en.bitcoin.it/wiki/Multi-signature#:~:text=Multi%2Dsignature%20(multisig)%20refers,of%20bitcoins%20among%20multiple%20people."><span style="font-size: 12pt; font-family: Arial; color: #1155cc; background-color: transparent; font-weight: 400; font-style: normal; font-variant: normal; text-decoration: underline; -webkit-text-decoration-skip: none; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">multi-signature</a><span style="font-size: 12pt; font-family: Arial; color: #000000; background-color: transparent; font-weight: 400; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;"> custody regimes, Hoseki is also wrapping something that Bitcoin natively offers. After multi-sig, <a href="https://digitalchamber.org/wp-content/uploads/2021/05/Proof-of-Reserves-.pdf"><span style="font-size: 12pt; font-family: Arial; color: #1155cc; background-color: transparent; font-weight: 400; font-style: normal; font-variant: normal; text-decoration: underline; -webkit-text-decoration-skip: none; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">signature verification</a><span style="font-size: 12pt; font-family: Arial; color: #000000; background-color: transparent; font-weight: 400; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;"> seems to be one of the most underrated functions that the Bitcoin protocol provides. We, at Hoseki, are taking the torch and expanding this core functionality. We want retail users to know that Bitcoin not only empowers you to be your own financial institution by taking custody of your own property, but it also allows you to express ownership over that property. A framework around expressing ownership of property is the foundational building block for robust property rights. It is also a way to unlock all of the capital that is currently captured in your stranded assets.
<a href="https://www.hoseki.app/"><span style="font-size: 12pt; font-family: Arial; color: #1155cc; background-color: transparent; font-weight: 400; font-style: normal; font-variant: normal; text-decoration: underline; -webkit-text-decoration-skip: none; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">Hoseki</a><span style="font-size: 12pt; font-family: Arial; color: #000000; background-color: transparent; font-weight: 400; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;"> is financial plumbing to seamlessly and privately express ownership of Bitcoin to another counterparty. Proving ownership of an asset is a basic characteristic of any asset class be it stocks, bonds, cash in your account, or real estate. And much like our brethren in Peru, Egypt, Burma, and Ethiopia, whose physical property is stranded, we are faced with a similar reality where our digital property, our Bitcoin, is stranded. Bitcoin is siloed off into exchanges, mobile wallets, and hardware wallets. People hold Bitcoin in different ways and in different places, and because of that, expressing ownership has become a challenge. There is no easy way for a broker, lender, or underwriter to assess and verify your assets when you are trying to get a loan. You have the assets, they are quite valuable, yet you can&rsquo;t get any service. You&rsquo;re not expected to move or sell your stock holdings to fund your home purchase, yet, that stipulation exists when attempting to use Bitcoin. This is particularly frustrating because you are holding the most pristine asset in existence; but much like property on the American frontier that hadn&rsquo;t yet been formalized, Bitcoin is missing a formal framework around expressing its natively enforceable property rights.&nbsp;
<span style="font-size: 12pt; font-family: Arial; color: #000000; background-color: transparent; font-weight: 400; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">Today you are shackled. Tomorrow you will be liberated. Hoseki is building a system that allows you to manifest the full potential of your Bitcoin. It allows the world to benefit from Bitcoin, and it seeks to act as a bridge between the old world and the new as we shift to a global monetary regime run on a Bitcoin standard.<a href="https://twitter.com/samabbassi"><span style="font-size: 12pt; font-family: Arial; color: #1155cc; background-color: transparent; font-weight: 400; font-style: normal; font-variant: normal; text-decoration: underline; -webkit-text-decoration-skip: none; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;"></a>

Bitcoin’s enforceable signature verification creates new possibilities for seamlessly and privately expressing ownership of bitcoin to another counterparty.

Bitcoin is a New World Country

<ul>
<li>Hoseki raises seed funding from Stillmark and other prominent bitcoin venture investors.</li>
<li>CEO&nbsp;Sam Abbassi&nbsp;plans rapid infrastructure development and hiring strategy.</li>
<li>The public launch of Hoseki's product, supported by over 50 partners, is set for later this year.</li>
</ul>
Hoseki, the world's first proof-of-assets service for bitcoin investors, announced today the close of its seed investment led by Stillmark. Additional investors in the round include Ten31, Castle Island Ventures, and Avon Ventures, a venture fund affiliated with FMR LLC, the parent company of Fidelity Investments. Hoseki previously raised an undisclosed amount of pre-seed funding from Castle Island Ventures.
"Hoseki provides a service that will enable unprecedented utility for funds, companies, and retail investors within the bitcoin economy by providing easy proof of ownership experiences to anyone that holds bitcoin. We are excited for this next step in accomplishing our company's mission," said&nbsp;Sam Abbassi, founder and CEO of Hoseki. "The support of such prominent bitcoin investors is a testament to the importance of the product our team is building."
Hoseki intends to rapidly accelerate the development of its technology and product infrastructure in response to market demand for digital asset attestation services. Hoseki will also maintain an aggressive company-wide hiring strategy, specifically for engineering and design roles.
Consumer interest in bitcoin-backed loans &ndash; particularly mortgage loans &ndash; remains strong in 2022, and Hoseki plans to capture this momentum by targeting prospective home buyers when the Hoseki application launches later this year. Founded in 2021, Hoseki has worked in stealth to build the Bitcoin industry's first digital asset attestation service. Already, Hoseki has secured more than 50 partnerships with traditional lenders and mortgage brokers that will accept proof-of-assets documentation from Hoseki. Industry-leading bitcoin security and financial services firms including Ledn and Casa have also entered partnerships with Hoseki.
"Hoseki is unlocking an entirely new way for bitcoin investors to participate in the bitcoin economy where ownership does not exclude utility," said&nbsp;Alyse Killeen, founder and managing partner at Stillmark. "The Hoseki team understands that bitcoin is the world's most pristine form of collateral, and we are thrilled to support their vision of providing digital asset ownership documentation to millions of bitcoin holders around the globe."
"Lenders and brokers are just beginning to understand the value of bitcoin-backed loans and they are increasingly eager to explore the larger role this asset will play in global financial markets," said&nbsp;Nic Carter, founding partner at Castle Island Ventures. "We are proud to have supported Hoseki from the start, and we believe they are extremely well positioned to capture and cement a leadership position in this pivotal facet of the bitcoin economy."
Hoseki plans to launch a private alpha version of its product to a small group of users later this summer with a public beta phase scheduled for early Q3 2022. Bitcoin investors who want to join the Hoseki bitcoin proof of assets alpha testing period can visit&nbsp;<a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=3537275-1&amp;h=2910885191&amp;u=http%3A%2F%2Fhoseki.app%2F&amp;a=hoseki.app" target="_blank" rel="nofollow noopener">hoseki.app</a>&nbsp;to register for early access.

Hoseki raises seed funding from Stillmark and other prominent bitcoin investors to build a proof of assets service.

Hoseki Announces Seed Funding from Stillmark

Hoseki closed its seed investment led by Stillmark. Additional investors in the round include Ten31, Castle Island Ventures, and Avon Ventures.

Hoseki Announces Seed Funding from Stillmark for Bitcoin Proof of Assets Service

<ul>
<li>Hoseki integrates Casa's new API product for easy proof of assets documentation.</li>
<li>Casa clients can document and prove their assets with Hoseki.</li>
<li>Hoseki's public launch is scheduled for early Q3 2022.</li>
</ul>
Hoseki, the world's first bitcoin-native proof of assets service, is thrilled to announce its pre-launch relationship with Casa, the bitcoin security and personal key management experts. Together the two teams will work to refine the Casa API integrated into the Hoseki app to provide the bitcoin industry's most advanced proof of assets documentation service for bitcoin investors, similar to proof of reserves for cryptocurrency custodians.
Casa's integration with Hoseki will give the bitcoin security company's clients a seamless way to prove ownership of funds protected by a Casa security plan. In the Hoseki dashboard, Casa clients can import account details into their protected Hoseki dashboard where their other hardware wallets and exchange accounts are also managed for easy generation of documents to originate a loan or simply verify control of their holdings. Hoseki is one of the first teams to test the newly launched Casa API, providing feedback to Casa on the product before its launch.
Founded in 2021, Hoseki has worked in stealth to build the Bitcoin industry's first digital asset attestation service. While preparing for its alpha product launch later this summer, Hoseki is partnering and integrating with leading Bitcoin security and financial services firms to streamline asset ownership documentation services.
"We love seeing the Bitcoin ecosystem grow and we are incredibly excited to partner with a company that shares our vision for the future," said&nbsp;Nick Neumann, CEO of Casa. "Hoseki will be instrumental in collaborating with and refining our new API product. We look forward to working closely with them to build critical infrastructure for the Bitcoin economy."
"The entire Hoseki team is beyond excited to integrate Casa's new tools so our users can organize, document and prove ownership over their assets," said&nbsp;Sam Abbassi, CEO of Hoseki. "Hoseki's proof of assets documentation will be essential for bitcoin storage and security services like Casa to enable their clients to put their assets to work as the bitcoin economy continues to grow and mature."
Hoseki plans to launch a private alpha version of its product with the Casa integration to a small group of users later this summer with a public launch scheduled for early Q3 2022. Bitcoin investors interested in testing the Hoseki alpha product can visit&nbsp;<a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=3529800-1&amp;h=3765450948&amp;u=http%3A%2F%2Fhoseki.app%2F&amp;a=hoseki.app" target="_blank" rel="nofollow noopener">hoseki.app</a>&nbsp;to get early access.

Hoseki integrates Casa's new API product to offer easy proof of assets documentation for multisignature wallets.

Hoseki Announces Proof of Assets Integration With Casa

Hoseki integrates Casa's new API product for easy proof of assets documentation.
Casa clients can document and prove their assets with Hoseki.
Hoseki's public launch is scheduled for early Q3 2022.

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