Deedcoin promises to disrupt real estate commissions by letting clients pay agents partly in its own digital currency tokens. Earlier this week, the startup announced it was officially on the books with the Securities and Exchange Commission to try it out.

The SEC granted Deedcoin a CIK number. The number will be used to track Deedcoin’s filings as the startup moves forward with its Initial Coin Offering after it started selling its tokens privately earlier this month. Deedcoin filed with the SEC on Jan. 19, according to the documents.

“Deedcoin strives to be a pioneer in regulatory compliance in the token launch world,” the company wrote in an email to followers announcing its news from the SEC, which Inman obtained. Deedcoin was founded in 2017 as an offshoot of Momentum Realty, a small investment real estate brokerage in Melbourne, Florida. Many of Momentum’s team are also now leaders at Deedcoin.

Buyers and sellers should be able to buy Deedcoin’s Ethereum-based tokens starting at $1.50 per token, and then use them to hire real estate agents nationwide. Agents who agree would then accept the tokens as payment in exchange for reducing their traditional commissions in U.S. dollars to as low as 1 percent, or an average of $225 per token used, the company claims.

Deedcoin says it has partnered with agents in all 50 states now, listing them on the following map. Buyers and sellers can use Deedcoin’s site to find properties where agents would accept Deedcoin or list their own property.

Deedcoin’s private sale started earlier this month, but its public sale is starting in 17 days, on February 18, according to its launch website countdown. The ICO date has been pushed back multiple times before.

While the government has cracked down on ICOs, accusing several companies of fraud, Deedcoin’s on-the-books number from the SEC gives the company some added legitimacy moving forward.

In its private presale, Deedcoin’s tokens were priced between $1.50 and $3. The company plans to end its public sale when 30 million tokens, worth about $45 million, have been sold and to conclude its private sale when 40 million tokens have been sold. The company may also launch another public sale later.

Email Emma Hinchliffe

Correction: This article was updated after publication to remove a line about Deedcoin saying it hopes its coins rise in value, which the company says is not true. We regret the error.

Show Comments Hide Comments
Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Thank you for subscribing to Morning Headlines.
Back to top
Only 3 days left to register for Inman Connect Las Vegas before prices go up! Don't miss the premier event for real estate pros.Register Now ×
Limited Time Offer: Get 1 year of Inman Select for $199SUBSCRIBE×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription