Fabrica & Sila

Cutting Down Traditional Real Estate Transaction Time to a Matter of Minutes

THE GOAL

Cut Down Traditional Real Estate Transaction Time to a Matter of Minutes

Fabrica was born out of frustration with the complex and outdated real estate transaction process. Real estate transactions require title transfers and approvals, and Fabrica wanted to simplify what could be automated processes. 

One of the main reasons why Fabrica partnered with Sila was because of the compatible tech. Fabrica wants to elevate and evolve the real estate industry, and both Fabrica and Sila use smart contracts to elevate the land buying experience. 

Now, partnered with Sila, Fabrica can program the real estate transaction process and Sila can program the money transfer process. 

Sila not only has the compatible tech, but they are also one of the few companies out there with the ability to navigate the complex regulatory space of money transfers in the real estate industry. 

With knowledge of how financial regulations work across state lines, Sila is the perfect partner for Fabrica.

Fabrica & Sila: At a glance 

Simple, online real estate transactions powered by Sila that cut down the traditional real estate transaction time from 2-4 weeks to a matter of minutes by using NFTs in an innovative way

Fabrica relies on sila’s blockchain technology and expertise in the highly regulated finance industry

After buying his first home in San Francisco as a foreigner, owner Federico Pomi was shocked to learn that real estate transactions in the United States were still based on an outdated system. 

Through hard work, determination, and angel investors, Pomi and his co-founders created Fabrica, a company that facilitates real estate transactions completely online. 

Powered by the smart contract blockchain technology, Fabrica helps land professionals and companies in the US buy and sell plots of land all over the country. 

The process is very simple: 

  • Fabrica’s technology handles all of the real estate transaction details, including license and title transfers.
  • Buyers and sellers simply navigate through the Fabrica online service to buy, sell, and capitalize off land anywhere in the US.
  • Partnering with Sila, Fabrica is able to offer streamlined Know Your Customer (KYC) and Know Your Business (KYB) and financial transfers all online. 

Bringing together the truly innovative software of Fabrica with Sila’s powerful technology is an award-winning combination. #PoweredbySila

Without Sila

  • Navigating complex and interconnected regulations throughout federal and state laws in the US
  • Providing KYC/KYB and having to learn the ins-and-outs of identity verification
  • Difficulty finding a partner with complimentary tech features
  • Riskier startup for Fabrica without a bank agent partner
  • Expensive and time-consuming process to start a business with money transfer features

With Sila

  • Knowledgeable compliance team ready for Fabrica, and regulatory compliance built into the Sila tech.
  • KYC/KYB with no hassle
  • Integration of smart contract technology with Fabrica’s smart contract tech
  • Flexibility in the money transfer process
  • Saving time and money on startup when money is involved

A new financial world, built by you.

Sila offers a simple, secure, and scalable banking API to make money programmable with built-in regulatory compliance.

Results

Through online listings, buyers and sellers can interact simply and using modern technology. All buyers are approved with integrated KYC/KYB in the Sila technology beforehand. Once the agreement has been reached, the process becomes automated.

With Sila, Fabrica can focus on providing high-quality programmable real estate transactions without having to worry about costly, expensive, and confusing regulatory networks. Fabrica’s automated real estate process means that sellers can easily list land and real estate online and trust that everything is handled in the secure, fully online, and convenient Fabrica service.

Patrons of the online service can enjoy security, ease, and simplicity—for once. The programmable smart contract technology is put to work once the agreement has been signed. Sila’s programmable tech allows buyers and sellers to negotiate payment terms without having to deal with lawyers, banks, or brokers.

With a completely digitized transaction, this means that property is yours—right away! Enjoy a transfer of ownership instantly and recorded digitally in the blockchain ledger. No paperwork, no hassle.

Playfora Results

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The main reason why we picked Sila is that they use the very same technologies that we use. We put real estate on a blockchain and they do it with money. We make real estate programmable and they do make money programmable and the two things work very well together.

The Results

Thanks to Sila, Fabrica is able to provide programmable real estate, where closing a real estate transaction was as fast as sharing a link. 

Through the Fabrica platform, buyers can add a property by address or APN and set its price. Buyers activate the Seller Financing on their own terms, but Fabrica handles the complicated math, all the details, and payment process. 

Each property gets a unique check-out link which can be added to listings online or shared any way you want. 

When you’re ready to close, simply copy the link and Fabrica will help you get paid and handle the title transfer. 

Through smart contract technology, everything happens automatically and is recorded in the digital ether. Payments are fully secure and the property transfer process is digitalized. Buyers can enjoy flexibility with monthly installments and a secure loan. 

Fabrica was designed for ease for both buyers and sellers. With a new, modern experience, Fabrica makes purchasing real estate and land all over the US much easier. 

Without Sila, Fabrica wouldn’t be able to provide programmable real estate transactions through their secure purchasing experience. 

The Results

Thanks to Sila, Fabrica is able to provide programmable real estate, where closing a real estate transaction was as fast as sharing a link. 

Through the Fabrica platform, buyers can add a property by address or APN and set its price. Buyers activate the Seller Financing on their own terms, but Fabrica handles the complicated math, all the details, and payment process. 

Each property gets a unique check-out link which can be added to listings online or shared any way you want. 

When you’re ready to close, simply copy the link and Fabrica will help you get paid and handle the title transfer. 

Through smart contract technology, everything happens automatically and is recorded in the digital ether. Payments are fully secure and the property transfer process is digitalized. Buyers can enjoy flexibility with monthly installments and a secure loan. 

Fabrica was designed for ease for both buyers and sellers. With a new, modern experience, Fabrica makes purchasing real estate and land all over the US much easier. 

Without Sila, Fabrica wouldn’t be able to provide programmable real estate transactions through their secure purchasing experience. 

Through online listings, buyers and sellers can interact simply and using modern technology. All buyers are approved with integrated KYC/KYB in the Sila technology beforehand. Once the agreement has been reached, the process becomes automated.

Patrons of the online service can enjoy security, ease, and simplicity—for once. The programmable smart contract technology is put to work once the agreement has been signed. Sila’s programmable tech allows buyers and sellers to negotiate payment terms without having to deal with lawyers, banks, or brokers.

With Sila, Fabrica can focus on providing high-quality programmable real estate transactions without having to worry about costly, expensive, and confusing regulatory networks. Fabrica’s automated real estate process means that sellers can easily list land and real estate online and trust that everything is handled in the secure, fully online, and convenient Fabrica service.

With a completely digitized transaction, this means that property is yours—right away! Enjoy a transfer of ownership instantly and recorded digitally in the blockchain ledger. No paperwork, no hassle.

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A new financial world, built by you.

Sila offers a simple, secure, and scalable banking API to make money programmable with built-in regulatory compliance.