MYRE Capital & Castler Partner for Secure Digital Escrow
Thursday, March 23, 2023
MYRE Capital, India’s largest neo-realty platform, has partnered with Castler, India’s largest digital escrow platform, to create a trust-based transaction system for the growing fractional real estate industry. This collaboration will leverage Castler’s Escrow-as-a-Service (EaaS) architecture to protect investor funds during asset purchases and ensure secure monthly payouts. With over ₹275 crore worth of assets and 165+ million sq. ft. of A-Grade buildings under management, MYRE Capital aims to use Castler's digital escrow solutions to enhance investor confidence and attract digital-first, post-COVID investors seeking predictable returns.
Castler, backed by Zerodha and Venture Catalysts, has facilitated $500 million in transactions and serves over 500 enterprise clients, positioning itself as India’s leading player in the digital escrow space. This partnership is expected to benefit HNI investors by offering secure, innovative investment opportunities in real estate and fostering trust in fractional ownership models.
“Vineet Singh, Founder and CEO, Castler, outlined Castler's role as a trust enabler for innovative financial platforms like MYRE Capital and emphasized its commitment to safeguarding investor funds while allowing MYRE to focus on its core operations.”