Castler closes Pre-Series A funding of $6 Million led by Flipkart, Capital 2B, IIFL Fintech Fund, Venture Catalysts & Zerodha

Can a cross-border escrow service be used for transactions involving intangible assets, such as patents or copyrights?

Yes, a cross-border escrow service like Castler Digital Identifier system can be used for transactions involving intangible assets such as patents or copyrights. The escrow service acts as a neutral third party that holds the assets and funds until the terms of the transaction are met. This ensures that both parties are protected and the transaction is completed successfully.

In the case of intangible assets, the escrow service can hold the digital files or documentation related to the asset until the buyer has paid and the seller has transferred ownership. This is particularly useful for cross-border transactions where there may be different legal systems and regulations involved. The escrow service can also provide additional services such as verification of ownership and authenticity of the asset, which can further protect both parties.

Overall, using a Digital Identifier service like Castler can provide a secure and efficient way to complete transactions involving intangible assets, regardless of the location of the parties involved.