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Real estate funds, from one account.

Join vetted US real estate funds from $50K. We open an institutional wallet in your name. Your USDC earns while you wait, and when you invest, it buys the fund's token.

  • From $50K
  • Institutional wallet
  • Same terms for everyone

Your institutional wallet

In your name · Demo data

250,000USDC

Earning in treasury · about 4.5% a year

Fund vault

Calder Ridge Income Fund II

38 days left

$9.2M of $20M

From $50K · Same terms for everyone

Your USDC waits in a Utila wallet in your name and earns. One click moves it into the fund.

How it works

Two flows. Both simple.

Open raise

Calder Ridge Income Fund II

Rented apartments and homes in California. Rent paid out every quarter.

Raised$9.2M of $20M
Closes in38 days
Minimum$50K

Investor · step 1 of 6 · Keyhold

The deal

Money in the vault. The token in your wallet.

Every fund has a vault. Investors send USDC to it from their institutional wallets, and the vault mints the fund's token back to each of them. If the window doesn't fill by its date, the tokens are cancelled and every dollar goes back.

Investors' institutional wallets

UtilaFireblocksBitGoUtilaFund vaultholds the USDC until the window closesmintsFund tokenin each wallet

On the closing date:

At close, the USDC moves from the vault to the SPV, and from there into the fund.

01

Open an institutional wallet

In your name, with a provider such as Utila, Fireblocks or BitGo.

02

Send USDC to the fund's vault

Pick a fund and an amount. The vault holds it until the window closes.

03

Hold the fund's token

It sits in your wallet next to your USDC, one token per unit you bought.

Open raises

Every fund gets a window.

A target, a closing date and one set of terms for everyone. Investors see how much is raised and how long is left, live.

Opens soon

Sun Belt Homes Fund I

Mesa Line Partners

Build-to-rent homes in Texas and Arizona.

Strategy first, buildings next

Window of $25M

From
$50K
Paid out
Quarterly, once homes are rented
Opens soon

Credit Recovery Fund I

Northgate Real Estate

Buildings bought at a discount from lenders with loans in trouble.

Strategy first, buildings next

Window of $40M

From
$50K
Paid out
At sale, as buildings are fixed and sold

Sample funds for the demo. Every fund, sponsor and figure is fictional.

Why

Good for both sides of the table.

For investors

Real estate funds you couldn't reach, on fair terms.

  • Join vetted US real estate funds from $50K.
  • Onboard once. Invest in any fund with a click.
  • Your USDC earns in treasury until you invest.
  • Same terms as every other investor. No side deals.

What it costs

No fee to open your wallet. Each fund's fees are shown before you invest.

For funds

A new raise channel, without a new team.

  • Reach accredited investors in the US, Europe, Israel and the Gulf.
  • One set of terms. No discounts to win an anchor.
  • One investor on your books: the vehicle.
  • Investors stay in the network for your next fund.

What it costs

From $18K to set up, plus 1% of what's raised. Start with a pilot: part of your raise, over two to three months.

Prices are illustrative, for a pilot.

Trust

Six rules. No exceptions.

Real estate investors are careful, and they should be. Here is what protects them, and the funds they invest in.

Licensed onboarding

Identity, business and anti-money-laundering checks, plus accredited-investor verification, by a licensed partner.

Documents you know

The LPA and the investor agreement, signed online with e-signature. The old paperwork, in a new flow.

Institutional wallets

A wallet in your name with a provider such as Utila, Fireblocks, BitGo. Your money, never ours.

One vehicle per fund

Each window has its own SPV under US Reg D 506(c), for accredited investors only.

Every dollar visible

From your wallet to the vault to the fund. A fund administrator keeps the books and sends the reports.

Refund if it doesn't fill

If a window misses its target by the closing date, the USDC goes back to every wallet, in full.

Provider names are examples of institutional wallet providers. Final partners will be confirmed per fund.

What's next

Start simple. Then more.

Now

Opens with the first window

  • A raise page and a window for each fund
  • Onboarding and e-signed documents
  • An institutional wallet for each investor
  • Treasury on USDC while it waits
  • USDC into the vault, fund token out

Next

Once the first funds are live

  • Borrow against your fund token
  • A credit line on what you hold
  • More funds, more regions

Later

As the network grows

  • Indexes across many funds
  • More financial tools on fund tokens
  • Our own fund of funds

Questions

Ask Keyhold.

Ask about the structure, the rules, the fees or the risks. Answers come from our FAQ.

Ask me anything about Keyhold, or start with a question below.

Your seat in the next real estate fund.

See the whole flow in two minutes: as an investor, or as the fund raising the money.