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

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

Yes, cross-border escrow services can be used for transactions involving intangible assets such as patents or copyrights. Castler Digital Identifier system is a platform that provides secure and efficient escrow services for various types of transactions, including those involving intangible assets. The system ensures that the buyer and seller are protected during the transaction process by holding the funds in escrow until the agreed-upon conditions are met. This eliminates the risk of fraud or non-payment for both parties.

In the case of intangible assets, the escrow system can hold the funds until the transfer of ownership is complete and all necessary documentation is provided. This ensures that the buyer receives the full ownership rights to the asset and the seller receives the agreed-upon payment. The Castler Digital Identifier system also provides a transparent and auditable record of the transaction, which can be useful in case of any disputes or legal issues. Overall, cross-border escrow services can be a valuable tool for transactions involving intangible assets, providing security and peace of mind for both parties involved.