Escrow, in the context of finance, is a formal agreement whereby a valuable asset or financial instrument is held by a third party acting impartially on behalf of two parties engaged in a transaction. Until they receive the proper instructions or until the predetermined contractual obligations are met, the money or assets are held in a contractual arrangement.  

Escrow can be used to hold a variety of assets, including money, securities, and other valuable assets. By using an escrow service, both parties involved in a transaction can have greater peace of mind knowing that their interests are being protected by a neutral third party. Whether you are buying a house or investing in a new business venture, escrow can be a valuable tool for ensuring that your financial transactions are completed safely and securely. 

Escrow is used when two parties are working together to complete a task and it’s not clear which one of them will be able to fulfill their end of the bargain.

For instance, a buyer needs to sell bitcoin but is unsure if the buyer is real or a fraud, and the buyer is unsure if the seller is real and won’t vanish with the money after payment. To resolve this situation, we will hold the bitcoin and the funds in a written agreement and transfer them to the appropriate parties as soon as each party pays their debt. Each party is protected, and the group action will move forward, in this manner.

Contact our facilitate desk if you’d like to use our written agreement service.