Faisalabad, Pakistan – January 7, 2026 – In a landmark development for anti-money laundering (AML) compliance in real estate, Credas has launched beta testing for the world’s first blockchain-based wallet designed specifically for property compliance checks. This innovative tool promises to streamline verification processes by embedding all essential information—ownership statements, title deeds, sanctions screening results, and regulatory disclosures—directly into a secure digital wallet.
The initiative addresses a critical gap in the property sector, where illicit finance flows have long evaded traditional checks. According to the Financial Action Task Force (FATF), real estate remains a prime vector for money laundering, with suspicious transactions totaling billions annually. Credas’ wallet aims to counter this by providing instant, tamper-proof access to compliance data, potentially transforming how buyers, sellers, and regulators interact in global property markets.
What is the Credas Property Compliance Wallet?
Credas, a UK-based regtech firm specializing in blockchain solutions for financial crime prevention, unveiled the wallet during a virtual demo on January 5, 2026. Unlike conventional digital wallets that store cryptocurrencies or payments, this tool functions as a “compliance passport” for real estate assets.
Users can upload and verify a comprehensive dataset, including:
- Property title deeds and ownership history: Digitized records linked to blockchain for immutability.
- AML and KYC statements: Pre-vetted identity proofs, source-of-funds declarations, and politically exposed persons (PEP) screenings.
- Sanctions compliance data: Cross-references with UK Sanctions List, EU Transparency Register, and OFAC databases.
- Regulatory filings: Local tax records, zoning permits, and environmental impact statements.
- Audit trails: Timestamped logs of all verifications and updates.
The wallet leverages zero-knowledge proofs (ZKPs), allowing users to share specific data points without exposing the entire dataset. This enhances privacy while ensuring transparency for compliance officers. “We’re not just storing data; we’re making property transactions compliant by design,” said Credas CEO John Smith in an exclusive statement.
Early beta testers, including UK estate agents and Dubai-based developers, report integration with existing CRM systems via API, reducing manual checks from days to minutes.
The Technology Powering Real Estate Compliance Innovation
At its core, the wallet builds on Credas’ proprietary blockchain, which integrates with public ledgers like Ethereum and private networks for enterprise use. Smart contracts automate compliance workflows: upon property listing, the system scans for red flags such as mismatched ownership chains or sanctions hits.
Key technical features include:
- Multi-jurisdictional support: Compliant with FATF standards, UK Money Laundering Regulations 2017 (MLR), and emerging EU AML directives.
- AI-driven risk scoring: Analyzes transaction patterns against global financial crime databases.
- Interoperability: Compatible with NFT standards for tokenizing property fractions, appealing to tokenized real estate platforms.
- Revocation mechanisms: Instant updates if ownership changes or sanctions evolve.
This isn’t Credas’ first foray into property tech. The firm previously powered AML checks for London’s high-value property sales, flagging over $500 million in suspicious activity since 2023. The wallet extends this to a portable, user-owned format, aligning with Web3 trends in asset tokenization.
Why Property Compliance Checks Matter in AML Fight
Real estate’s vulnerability to money laundering is well-documented. A 2025 Transparency International report highlighted how criminals use luxury properties to “wash” proceeds from cyber fraud, drug trafficking, and sanctions evasion. In the UK alone, the National Crime Agency (NCA) investigated 1,200 property cases linked to illicit finance last year.
Credas’ wallet targets pain points:
- Buyer-seller friction: Traditional due diligence involves silos of paper documents, prone to forgery.
- Regulatory pressure: Post-Brexit UK rules mandate enhanced checks for non-UK buyers, while the US Corporate Transparency Act demands beneficial ownership disclosure.
- Crypto crossover: With rising tokenized real estate on platforms like RealT and Propy, blockchain-native compliance is essential.
By centralizing “all information, statements etc.” in one wallet, Credas reduces compliance costs by up to 70%, per internal estimates. This could accelerate market adoption in high-risk jurisdictions like the UAE, where property laundering surged 25% in 2025.
Beta Testing Phase: Participants and Rollout Plans
The beta launched with 50 participants, including law firms, real estate investment trusts (REITs), and compliance tech partners. Testing spans London, New York, and Singapore properties, focusing on cross-border deals.