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XScrow
XRPL-Powered Real Estate Closing

How XScrow Works

From listing discovery to deed recording — a complete walkthrough of the XScrow closing process powered by NFT listings, XRP escrow, and title checklist tracking.

XScrow uses two tokens with distinct roles

XRP
  • Earnest deposit escrow
  • Final balance escrow
  • Real settlement between buyer and seller
  • All purchase price payments
SCRO
  • Listing access & publishing
  • Featured listing boosts
  • Buyer verification badge
  • Offer submission protection
  • Closing milestone rewards
  • Platform reputation scoring
STEP 01

Search & Discover Listings

Find your property on the XRPL marketplace

  • Browse verified property listings with NFT-backed ownership records on the XRP Ledger.
  • Filter by ZIP code, city, price range, XRP acceptance, and listing status.
  • Each listing displays the USD price, XRP equivalent, earnest deposit requirement, and closing target date.
  • Featured listings are SCRO-boosted by sellers for maximum visibility.
  • Verified Seller badges indicate sellers who have completed platform verification.

All listings are minted as NFTs on the XRPL. The NFT represents the listing record — not the legal deed.

STEP 02

Submit an Offer

Make a formal offer with XRPL wallet credentials

  • Connect your XRPL wallet to verify your identity and wallet address.
  • Submit your offer amount in USD and XRP equivalent, proposed closing date, inspection period, and earnest deposit amount.
  • Buyers may optionally lock SCRO tokens to receive a Verified Buyer badge, reducing friction with sellers.
  • A small SCRO token hold or fee may be required to prevent spam and fake offers.
  • Your offer is delivered directly to the seller's offer inbox with full details.

Submitting an offer is not a binding contract. Acceptance by the seller initiates the escrow process.

STEP 03

Seller Reviews & Accepts

Seller evaluates offers and responds

  • The seller receives all offers in their Offer Inbox with buyer details, wallet address, SCRO verification status, and reputation score.
  • Seller can Accept, Reject, Counter Offer, or Request More Info on any offer.
  • Counter offers allow the seller to propose a different price, earnest deposit, closing date, or inspection deadline.
  • Once an offer is accepted, both parties are notified and the earnest escrow phase begins.
  • Rejected or withdrawn offers trigger automatic SCRO hold refunds to the buyer.

Acceptance of an offer on XScrow does not constitute a legally binding purchase agreement. A formal purchase agreement must be executed separately.

STEP 04

Fund Earnest Deposit via XRP Escrow

Secure the deal with blockchain-backed earnest money

  • After offer acceptance, the buyer funds the earnest deposit directly into an XRP escrow on the XRPL.
  • The earnest deposit is held in escrow — not released to the seller — until closing conditions are met.
  • The escrow is refundable to the buyer until the inspection deadline passes.
  • After the inspection deadline, the earnest deposit becomes non-refundable unless a seller or title issue arises.
  • The remaining balance (Purchase Price minus Earnest Deposit) is calculated and displayed for final funding.

XRP is used for all escrow payments. SCRO is not used for earnest deposits or purchase price payments.

STEP 05

Complete the Title Checklist

Track every closing milestone with your title company

  • The Title Checklist Dashboard tracks 17 closing milestones from purchase agreement to deed recording.
  • Each checklist item shows the responsible party (Buyer, Seller, Title Company, or Admin), status, timestamp, and notes.
  • Statuses include: Pending, Complete, Waived, and Disputed.
  • Major milestones trigger SCRO reward events for buyers, sellers, and title/admin users.
  • The Admin/Title Company Portal allows title officers to verify steps, mark contingencies, resolve disputes, and approve releases.

17 Closing Milestones

Purchase agreement signed
Earnest deposit funded
Seller disclosures delivered
Inspection period started & completed
Repair requests resolved or waived
Buyer proof of funds verified
Appraisal completed or waived
Title search completed
Title commitment issued
HOA documents reviewed or waived
Closing statement approved
Buyer final funds deposited
Seller & Buyer signed closing docs
Deed recorded
Title company approval complete
STEP 06

Fund Final Balance

Deposit the remaining purchase amount into escrow

  • Once title checklist steps are sufficiently complete, the Final Funding page becomes available.
  • The buyer deposits the remaining balance (Purchase Price minus Earnest Deposit) into a second XRP escrow.
  • The platform displays: Purchase Price, Earnest Deposit Funded, Remaining Balance Due, and Final Balance Escrow Status.
  • Both escrows (earnest + final balance) are now fully funded and awaiting closing approvals.
  • Total Secured amount is displayed once both escrows are confirmed on the XRPL.

Final balance funding requires title checklist progress to be at an appropriate stage. The Admin/Title Portal controls this gate.

STEP 07

Closing Approvals & Escrow Release

All parties approve — escrow releases to seller

  • The Closing Release page activates only when all required conditions are met.
  • Required conditions: Earnest funded, Final balance funded, Required checklist items complete, Buyer approved, Seller approved, Title/Admin approved, Deed recorded.
  • Each party independently approves closing: Buyer Approve, Seller Approve, Title/Admin Approve.
  • Once all approvals are collected, the Release XRP Escrow button becomes active.
  • Escrow release transfers the full purchase amount from escrow to the seller's XRPL wallet.

Escrow release on XScrow is a blockchain action. Legal transfer of property ownership occurs through county recording of the deed — not through the escrow release.

STEP 08

Closing Receipt & SCRO Rewards

Transaction complete — rewards distributed

  • A full Closing Receipt is generated showing all transaction details: property address, buyer/seller wallets, purchase price, all escrow transaction hashes, and closing date.
  • SCRO milestone rewards are distributed to the buyer, seller, and title/admin for completing the transaction.
  • Reputation scores are updated for all parties based on transaction completion and SCRO activity.
  • The receipt can be downloaded as a record of the blockchain transaction (not a legal closing document).
  • The listing NFT status is updated to Sold/Closed on the XRPL.

The Closing Receipt is a blockchain transaction record. It does not replace legal closing documents, title insurance, or county deed recording.

Legal Disclaimer

XScrow does not replace a licensed real estate broker, title company, escrow company, attorney, lender, or county recorder. Property ownership transfers only through legal closing documents and county recording. The XScrow platform provides blockchain-based coordination tools and does not constitute legal, financial, or real estate advice. All transactions must comply with applicable state and local laws.