[PRESS RELEASE – Whittier, California, December 19th, 2024]

NFTfi.com, a leading NFT lending protocol, and Fabrica, a real land tokenization platform, today announced a $200,000 loan secured by a tokenized plot of Los Angeles real land.

This milestone transaction marks the largest land-backed loan in blockchain history and demonstrates the growing practical application of decentralized finance (DeFi) in traditional real estate markets.

Pioneering Real Estate Innovation

The groundbreaking loan, where the borrower is the early Ethereum investor and NFT collector Tony Herrera, represents a significant advancement in real estate tokenization. The transaction validates six years of Fabrica’s development of a compliant, secure tokenization system that upgrades property ownership through blockchain technology.

“As an early believer in Ethereum, I always knew blockchain had the potential to challenge legacy markets. Now, seeing real assets like land being tokenized, it’s clear that this vision is becoming a reality. It only takes a few early believers and groundbreaking transactions to prove this is possible. Onchain lending is just simpler, faster, and better. Protocols like Fabrica and NFTfi.com are enabling a revolution,” states Tony Herrera.

Transforming Traditional Real Estate Finance

The successful transaction can demonstrates blockchain technology’s capacity to influece the $300 trillion real estate market. By tokenizing land parcels using Fabrica and leveraging them as collateral via NFTfi.com’s smart contracts, a more efficient, transparent, and accessible system for real estate financing is becoming a reality. The blockchain’s ability to process significant loans using tokenized collateral marks a crucial step toward the mainstream adoption of decentralized real estate transactions.

Backed by prominent investo