Escrow Commons

About Escrow Commons

Escrow Commons is a real estate platform that utilizes blockchain technology to connect buyers, sellers, and agents. Developed by Imbrex, it functions as a virtual closing room for property transactions. The platform was founded in 2016 and is headquartered in New York, NY.

The core of the service is a private, real-time virtual room built on smart contracts. This allows parties involved in a real estate deal, including attorneys and banks, to securely exchange documents, manage escrow funds, and process closing funds. By leveraging blockchain, the system aims to create a transparent and immutable digital ledger of transactions. This enhances security and efficiency for users, offering them greater control and audibility over their real estate data.

Escrow Commons is part of the broader Imbrex platform, which was founded by Stephen King, a commercial real estate veteran and software developer. King's background in both real estate and technology, along with his early participation in the blockchain community, informed the creation of the platform. The business model provides a free global listing network where users can be compensated for contributing data. For transactions, the platform facilitates the secure exchange of data and funds, streamlining the process for deposits, escrow payments, and closing.