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

How does a cross-border escrow service handle transactions involving different types of intellectual property?

A cross-border escrow service, such as Castler’s Digital Identifier system, handles transactions involving different types of intellectual property by providing a secure and neutral platform for buyers and sellers to exchange assets. The system ensures that both parties fulfill their obligations before the transaction is completed, thereby reducing the risk of fraud and disputes.

In the case of intellectual property, the escrow service can hold the assets until the buyer has verified that they are legitimate and meet their requirements. This can include verifying ownership, licensing agreements, and other legal documentation. Once the buyer is satisfied, the funds are released to the seller and the assets are transferred to the buyer.

The escrow service can also provide additional services such as dispute resolution and arbitration in case of any conflicts between the parties. This ensures that the transaction is completed smoothly and both parties are satisfied with the outcome.

Overall, a cross-border escrow service provides a secure and reliable way for buyers and sellers to exchange assets, including intellectual property, across different jurisdictions and legal systems.