Washington-based Title Agency to Develop Tokenized Title Platform

August 13, 2020

Washington-based Rainier Title is partnering with Ubitquity LLC to develop a platform for creating tokenized property titles as well as parallel records of conveyances on a blockchain.

Rainier Title is in the process of migrating to Qualia, which Ubitquity will integrate with. Rainier Title will provide tokens that represent the client’s property, giving the title owner opportunities to create fractionalized ownership investment opportunities. Having a token represent the property, and a blockchain record of the conveyance would also create huge efficiencies for the abstract process, according to Ubitquity.

“We see Blockchain technology as the next step for the industry,” said Bill Bergschneider, CEO of Rainier Title. “Ubitquity’s approach is smart and pragmatic, and we are looking forward to the partnership.”

Nathan Wosnack, Ubitquity founder and CEO, added, “Rainier Title has proven itself to be one of the most aggressive and innovative title companies in Washington state. Blockchain technology is going to disrupt, not replace, the title industry, and it makes sense for a company as innovative as Rainier to approach this with full force.”

Contact ALTA at 202-296-3671 or communications@alta.org.