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

How are funds in an escrow account invested?

An escrow account is a financial arrangement where a third party holds and manages funds on behalf of two parties involved in a transaction. The funds are usually held until certain conditions are met, such as the completion of a sale or the fulfillment of a contract.

In the case of Castler Digital Identifier system, the funds held in the escrow account are not invested. Instead, they are held in a secure and separate account until the transaction is completed. This ensures that both parties involved in the transaction are protected and that the funds are only released when the agreed-upon conditions are met. Investing the funds in an escrow account is not a common practice as it could potentially put the funds at risk. The purpose of an escrow account is to provide a neutral and secure space for funds to be held until the transaction is completed. Therefore, it is important to choose a reputable and trustworthy escrow service provider, such as Castler, to ensure the safety and security of the funds.