We've finished building the platform. It's live and working. Rent payments are fast, fees are low, and everything is transparent. We've deployed our smart contracts on Base, Coinbase's layer 2 blockchain. The infrastructure that will handle property tokens, rental distributions, and trading is live and working.

OpenHouse operates as a Collective Investment Scheme under UK law. That means we need FCA approval before we can onboard investors.

We're currently working through the application process. Realistic timeline is 6-12 months. We'll share progress as it happens.

While the regulatory process moves forward, we're not sitting still:

• Optimising and refining the platform experience so it feels as simple as buying stocks on Robinhood or crypto on Coinbase.

• Improving the platform based on early feedback

• Finalising partnerships with UK property developers

73% of Gen Z and Millennials believe it's harder for their generation to build wealth through traditional means. The average UK deposit is now £53,000. First-time buyer numbers have dropped from 3.2 million in 2004 to 1.14 million in 2024.

Property remains one of the most reliable ways to build wealth. The problem is access for everyone, not the asset class.

We're building a way to own UK property starting from $20, with monthly rental income paid on-chain. No deposits, no mortgages, no landlord responsibilities.

More updates soon.

Louis Moody (10M)
Co-founder at OpenHouse.