Company: BLNE
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023462
Chunk: 64

Company: Beeline Holdings, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 64
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 While neither the Company, nor its subsidiaries, mints the token, Beeline Title
handles the settlement and title portions of these transactions for its client, who is minting the token (see below for more
information about this company). The June transaction marked a major milestone in the evolution of blockchain-driven real estate
finance, bridging decentralized finance with traditional title and escrow services.

In
October 2025, the Company completed its first round of blockchain-recorded transactions through the BeelineEQUITY platform, becoming the first U.S. platform to
tokenize residential home equity at scale. The Company closed six transactions and has pre-selected an additional 25 expected to
close later in 2025. Beeline Loans provides customer acquisition services and support to the company minting the token and offering
the equity exchange transaction. Beeline Loans receives 3.5% of the amount of equity sold and markets the product through its website
as BeelineEQUITY. Beeline Title provides the title and closing services for each transaction—unless borrowers elect to use an
outside title company.

As
cryptocurrency adoption accelerates and becomes regulated by federal and state governments, the Company is positioning itself as a leader
in this fast-moving ecosystem, offering trusted infrastructure to help lenders scale into a future where crypto and compliance go hand-in-hand.
The Company collaborates with a related party company which is co-owned by the Company’s Chief Executive Officer, Nicholas Liuzza,
by which the company funds the transactions through the sale of a cryptocurrency token which is backed by real property. See Note 19
– Related Party Transactions, in the footnotes to the financial statements contained in this report.

Through
September 30, 2025, the Company has derived $12,377 of revenue from this business. The Company provides title insurance services and
an owner’s title policy to the Company’s partner as the buyer of the fractional equity. Beeline Title does not assume any
unusual liability in favor of the related party. Beeline Title simply transacts in the normal course of business on these purchase transactions,
issuing the owner’s title insurance policy and acting as settlement/escrow agent. In any title transaction, the title agency will
incur liability for potential losses under the title policy if the underlying title work is faulty for any reason or fraud or other errors
exist that could not have been discovered at the time of policy issuance. Beeline Title has Errors and Omissions insurance in addition
to other insurance coverages