Wee-Cig International Corporation, a company focused on identifying and growing top tech companies in emerging markets, today announced plans to join forces with Matrix Mortgage Global to mint critical mortgage and real estate documentation in blockchain-enabled NFT form.
Matrix Mortgage Global is Canada's leading mortgage brokerage, led by CEO and Broker of Record, Shawn Allen - the four-time winner of the coveted Canadian Mortgages Inc. Award for Broker of the Year, Private Lending.
Through the planned collaboration, EZ NFT will support Matrix Mortgage Global in their shared vision of digitizing the mortgage process on the blockchain, by building a system to mint key real estate documentation including mortgage deeds, identification, appraisals and inspection reports as NFTs. As a result, the documentation will be rendered proven, immutable and non- fungible.
The transition of physical documentation to NFT form will enhance efficiency and reduce fees while providing improved access to critical players in real estate transactions. The benefits will be even greater in other geographies where NFT documentation will provide lasting, uncontested proof of ownership – mitigating genuine risks of forgery, corruption, theft, damage and loss.
“Moving mortgage documentation to the blockchain is a step in the right direction and will certainly open the door to many other applications in the space,” said Allen. “Realizing our vision requires a strong and credible partner with a depth of NFT experience and capability. As the first publicly traded company in the NFT space, EZNFT’s professionalism, reputation and existing capability position them as the ideal partner for us in this exciting endeavour.”
“I’m energized by the potential for our engagement with Matrix Mortgage Global,” added Korus. “In an industry ripe for disruption, they were the first mortgage lender in North America to accept cryptocurrency for home down payments. Now they are taking their leadership a step further by transitioning critical mortgage documentation to the blockchain.”
More detail about the planned partnership will be announced in the coming weeks.