Why We Built This How It Works Who We Serve Products Pricing
AI-NATIVE CONDITIONAL TRUST (FIDUCIA)

Funds held.
AI verifies.
Auto-released.

Set conditions on any deal. Parcelato holds funds in USDc or EURc, uses AI agents to verify every condition, and releases automatically when all are met — with a complete, scored audit log on every decision.

Construction Draws Lease Deposits Loan Covenants Off-plan Buyer Protection M&A Earnouts USDc · EURc · EU MiCA
🇨🇴 Bogotá · Lease Deposit$240,000 USDc● AI monitoring — Day 11
🇮🇹 Milan · Construction Draw€2,400,000 EURc✓ T2 released — Score 97%
🇮🇩 Bali · Off-Plan€180,000 EURc● M2 verification in progress
🇺🇸 Texas · Loan Covenant$380,000 USDc⚠ DSCR breach — cure active
$519B
Global escrow market · zero AI-native layers
48h
Setup time vs. 4–12 weeks traditional
≥85%
AI confidence threshold for auto-release
27
EU member states via one Circle MiCA license
Why We Built This

Four deals. Four countries.
The same broken layer every time.

The conditions were real. The money was ready. The failure was always the same missing trust layer.

🇨🇴
Colombia · Lease Deposit
APPROVER OOO — $60K+ LOST
One approver was out of office for 5 days.

Lease signed. Conditions met. Fiduciaria in place. The bank approver was unavailable. $60K+ in costs and lost revenue — not because the deal was wrong, but because the verification layer had a single human bottleneck with no backup.

🇱🇧
Lebanon · Off-Plan
NO ESCROW — CONSTRUCTION STOPPED
Buyers wired deposits directly to the developer.

No escrow. No milestone tracking. Construction stopped after Phase 1. Developer had a cash flow problem. Buyers had a paper contract and no recourse. Their money was gone.

🇮🇩
Indonesia · Bali · Notary
PERSONAL BANK ACCOUNT — ZERO VISIBILITY
The notary held funds in a personal bank account.

Standard Bali practice. No portal, no document tracking, no receipt trail. Both parties — buyer and seller — had zero insight until a final yes-or-no phone call.

🇺🇸
United States · Texas · Loan
$2.1M DEFAULT — BREACH UNDETECTED 6 MONTHS
DSCR breach caught at quarterly review — too late.

1.25× DSCR covenant. Quarterly manual PDF reviews. DSCR dropped. Nobody noticed for six months. By the time it was caught, the loan was already in default.

Documented Failures

$12.78 billion in penalties.
Same root cause every time.

Nine public enforcement actions across five countries. Every one failed because no independent, automated, logged verification of conditions existed.

$6.47B
Penalties imposed
$6.31B
Funds at risk
16M+
Accounts affected
5
Jurisdictions
AI Audit Log

In every one of those deals,
this log did not exist.

Traditional approval = a signature and a date. No record of what was reviewed. No reasoning. No trail. Parcelato produces a scored, reasoned, immutable log — turning disputes from "your word against mine" into a documented record of every decision.

✗  Traditional fiduciaria
Milestone review — Tranche 2
Reviewed by: M. Gonzalez  ·  Date: March 18, 2024  ·  Status: APPROVED
✗ No record of which documents were reviewed
✗ No reasoning behind the decision
✗ No confidence score — just a name and a date
✗ Any party can dispute — no defense
Result: lawsuit exposure. No way to prove due process.
✓  Parcelato AI Audit Log
Milestone: Tranche 2 · 2024-03-18 14:32:07 UTC
Confidence: 91%  AUTO-APPROVED · threshold ≥85%
✓QS Cost-to-Complete Report → within 5% threshold (3.2%)
✓Structural inspection cert → matches approved inspector list
✓Bank draw schedule → verified against milestone agreement
✓All 4 conditions met → reasoning logged verbatim
"QS report confirms cost-to-complete within 5% threshold (3.2%). Structural cert dated Mar 15 matches approved inspector list. All conditions met. Score: 91%."
PDF + JSON export in 30 seconds · Full reasoning trail preserved
🎯

Per-milestone scoring

Every condition gets an AI confidence score. ≥85% triggers automatic release — no human bottleneck.

📋

Reasoning on record

Which clauses were read. What interpretation was applied. What evidence drove the score. All logged.

🔒

Immutable log

Timestamped at verification. Cryptographically anchored. Cannot be altered retroactively.

⚖️

Strong dispute defense

PDF + JSON export in 30 seconds. Scored reasoning on every decision. Disputes don't disappear — but you walk in with a documented record, not a signature.

⚙️

You design the approval flow

100% AI release isn't always the right answer. Configure thresholds, dual sign-off, human co-approval on high-stakes releases, or escalation on breach events. Same audit trail, your rules.

The Solution

Define conditions. Score for clarity.
Funds held. AI verifies. Released.

No grey area. Every milestone is measurable before funds move. One platform, two structures — both condition-verified, stablecoin-settled, AI-monitored.

01
Upload documents — AI extracts every condition
Any language. Any format. Construction contract, lease deed, loan covenant, off-plan agreement — conditions extracted in minutes, not weeks. No translation required.
02
AI proposes milestones — you approve. No grey area.
Every milestone gets a Clarity Score. "Delivered on time" scores low — it's subjective. "Foundation certified by inspector X by May 15" scores 98% — it's objectively verifiable. Edit, add, or rewrite. Nothing funds until every condition is measurable and both parties approved it.
03
Fund in USDc or EURc — held in custody
Circle MiCA-licensed custody. Segregated accounts. Face value guaranteed. Yield earned on float — 30% returned to client at release. 48-hour setup.
04
AI verifies 24/7 — release on your rules
You set the flow. Full auto-release at ≥85% confidence, dual sign-off above a threshold, human co-approval on high-stakes tranches — same scored, reasoned, immutable log on every decision.
How Release Works

Milestones verified.
Funds released.

AI checks each condition against uploaded evidence. When the confidence score passes threshold, funds move automatically — no human bottleneck, no delay.

Parcelato
Construction Draw · #PA-2024-0392
Total Escrowed
€2,400,000
Released
€0
Release conditions · 4 tranches
1
T1 · Foundation complete (15%)
Score 99%
€360,000
2
T2 · Structure at Floor 4 (30%)
Score 97%
€720,000
3
T3 · 70% pre-sales (35%)
Score 96%
€840,000
4
T4 · Occupancy certificate (20%)
Score 98%
€480,000
Who We Serve

Every party in a complex deal.

The use cases we serve today share one thing: conditions are document-based, the deal structure is bilateral or trilateral, and the platform can run on day one — no deep API integrations required. Future use cases open as the platform matures.

✓ Available today
Launch use cases
Document-based conditions · No deep integrations · Run as a private pilot with a single client type

Parcelato serves two distinct developer finance models — select yours:

Verified milestone transparency — every buyer sees exactly where the project stands.
The developer and buyers fund construction with full equity. No mortgage. No construction loan. No bank. Parcelato does not hold funds — instead it verifies and publishes construction milestones in real time, giving buyers a live, scored, audited view of project progress.
AI reads QS reports, inspection certs, and permit documents in any language
Each milestone gets a confidence score, verbatim reasoning, and timestamped log
Buyers access a live dashboard — not a phone call, not a PDF once a quarter
Developer builds a verified track record across projects — a construction rating
No EMI license required — pure SaaS, runs on day one
Developer Rating
★★★★★
Milestones on time
12 / 12
Projects verified
3
No custody needed No EMI license Monthly SaaS per project Any language
Parcelato MILESTONE TRACKER · #PA-2024-0418
M4 · Verified ✓
Project
Torre Azul
Lisbon · 24 units
Milestones
4 / 6
On schedule
Rating
★ 5.0
All on time
Milestone log · All-equity build
✓
M1 · Foundation complete
Score 98%
✓
M2 · Structure at floor 8
Score 97%
✓
M3 · Roof sealed · Inspection cert
Score 96%
●
M4 · Interior fit-out 60%
AI check: QS progress report · photos · subcontractor sign-off
Score 92% · VerifiedLogged 14 Mar 2025
Score 92%
○
M5 · Occupancy permit application
Pending
○
M6 · Final handover
Pending
Deposit custody + live pre-sales register + bank tranche disbursement — in one platform.
Buyers commit during construction with a 30% down payment. At delivery, each buyer gets an individual mortgage for the remaining 70%. The developer needs to show the bank a committed pre-sales register to unlock the construction loan — and the bank disburses that loan by tranches tied to construction milestones.
Today this runs on a folder of signed PDFs and a manual bank review that takes weeks per tranche. Parcelato replaces all three layers simultaneously.
Buyer deposit custody — 30% held in EURc. Released to developer only when AI verifies the corresponding milestone. Buyers are protected even if developer stalls.
Live pre-sales register — bank sees real-time committed value, not a PDF once a month. When 70% of units are committed, Parcelato issues a signed, audited commitment report the bank can rely on to approve the loan.
Construction loan tranche disbursement — AI reads QS milestone certificate, scores it, and triggers bank's tranche release the same day. No analyst queue. No delay.
All three flows produce the same immutable audit log — every verification scored, reasoned, timestamped.
30% deposit custody Pre-sales register API Bank tranche trigger EMI license required
Parcelato PRE-SALES TRUST · #PA-2024-0392
T3 · Monitoring
Deposits held
€1,890,000
63 buyers · EURc
Released
€1,200,000
T1+T2 ✓
Pre-sales
63%
Need 70% for loan
Construction loan tranches · €2.4M
✓
T1 · Pre-sales 40% · Foundation
€600,000
✓
T2 · Pre-sales 55% · Structure floor 5
€600,000
●
T3 · Pre-sales 70% · Roof sealed
Pre-sales: 63 of 90 units · 7 to go · Checked daily
Score pending pre-salesBank notified on trigger
€600,000
○
T4 · Occupancy permit · Handover
€600,000
DSCR covenants monitored daily — not quarterly. Breaches caught in hours, not months.
Private lenders require DSCR reserve accounts and covenant monitoring as conditions of a loan. Today that monitoring is a quarterly PDF review by one analyst. A breach in October isn't caught until January. The loan is already in default.
DSCR reserve held in USDc/EURc — segregated, yield-bearing, face value guaranteed
AI monitors DSCR, LTV, occupancy, interest coverage — daily, not quarterly
Breach detected within 24 hours — lender and borrower both notified immediately
Cure period tracked in real time — lender knows exactly where they stand at all times
Full audit log: every monitoring event scored, reasoned, logged — enforcement-ready in 30 seconds
Managed Trust · fixed monthly 3–5yr avg. contract Highest recurring revenue
Parcelato DSCR RESERVE · #PA-2024-0221
BREACH · Cure active
Reserve held
$380,000
USDc · segregated
DSCR today
1.18x
Covenant 1.25x
Cure period
Day 14
of 30 allowed
Covenant monitoring · Daily check
✓
DSCR ≥ 1.25x — Jan 2025
1.31x ✓
✓
DSCR ≥ 1.25x — Feb 2025
1.28x ✓
●
DSCR ≥ 1.25x — Mar 2025
Breach detected 3 Mar · Lender notified same day · Cure period active
1.18x · Below covenant16 days to cure
BREACH
Licensed custody replaces your personal bank account — you keep full override authority.
EU notaries currently hold real estate closing funds in a personal or firm bank account with a handwritten signature log. No audit trail. No scoring. Every disputed approval is a lawsuit waiting to happen. Parcelato provides MiCA-licensed custody and a machine-readable audit log — the notary retains full legal mandate and override authority.
EURc custody replaces personal bank account — segregated, MiCA-licensed, face value guaranteed
Every verification event scored, reasoned, and logged — the notary's name is on a defensible record
Override authority fully retained — notary approves, Parcelato logs
PDF audit log exportable in 30 seconds — admissible in arbitration
"Parcelato-powered" becomes a premium offering the notary sells to clients
EUR 400–1,200/mo Per-deal fee 0.3–0.8% Compliance-driven adoption
Parcelato CLOSING ESCROW · #PA-2024-0512
Closed · Score 97%
Held
€1,240,000
EURc · MiCA
Released
€1,240,000
All conditions ✓
AI score
97%
Auto-released
Closing conditions · Notary #LX-004
✓
Title register clear — Conservatória
Score 99%
✓
Energy certificate presented
Score 98%
✓
IMT tax payment confirmed
Score 99%
✓
Notary override: closing confirmed
Human ✓
Deposit releases automatically when occupancy or break-even conditions are met.
Commercial landlords and operators tie lease deposits to performance conditions — occupancy thresholds, break-even revenue, consecutive-day targets for ROFO triggers. Today those conditions are reviewed manually by whoever owns the inbox. Parcelato monitors them automatically and releases the deposit the day the condition is met.
Deposit held in EURc — earns yield, face value guaranteed, 30% yield returned to client
Occupancy monitored via PMS API — daily automated check, no manual review
Break-even revenue monitored via accounting system — P&L read automatically
ROFO trigger: 30 consecutive days above threshold — counted precisely, logged immutably
Auto-release on condition met — landlord and tenant both notified with full audit record
Deal Escrow or Managed Trust Property management referral
Parcelato LEASE DEPOSIT · #PA-2024-0098
Monitoring
Deposit held
$240,000
USDc · segregated
Occupancy
74%
Need 80%
Day
Day 0/30
Consecutive target
Release conditions · ROFO trigger
●
Occupancy ≥ 80% for 30 consecutive days
PMS API check · daily at 00:00 UTC · today 74%
6% below thresholdCounter resets if missed
Monitoring
Your deposit is held in licensed custody — not in the developer's bank account.
In most off-plan markets, buyers wire their down payment directly to the developer. If construction stalls, the money is gone. Parcelato holds your deposit in MiCA-licensed EURc custody and only releases it to the developer when AI verifies the corresponding construction milestone. You see exactly what was verified and why.
Deposit held in EURc — MiCA-licensed, segregated, not accessible to the developer until milestone verified
Every release triggered by AI verification of real construction evidence — QS report, inspection cert, permit
Live dashboard: see your unit, the milestone status, and the verification score in real time
If developer stalls, your funds stay in custody — not on their balance sheet
30% of yield earned on your deposit while it's held is returned to you at release
Buyer-initiated via developer €50B+ EU off-plan market
Parcelato BUYER PROTECTION · #PA-2024-0614
Construction active
Your deposit
€180,000
EURc · in custody
Released
€60,000
M1 verified ✓
Your unit
7B
Floor 7 · 85m²
Milestone protection · Ana S. · Unit 7B
✓
M1 · Foundation · €60,000 released
Score 98%
●
M2 · Structure at floor 5
AI reading: QS progress report · structural engineer cert
Score 81% · Pending full cert€60,000 locked
Pending
○
M3 · Roof sealed
€60,000
→ On the roadmap
Expansion use cases
Require institutional sales cycles, deeper API integrations, or B2B SaaS contracts — Year 2 and beyond
⚖️
Law Firms
M&A earnout holdbacks. Cross-border real estate. Neutral custody layer for multi-party trust deeds. One partner = 20+ deals per year on the platform.
Why later
3–6 month sales cycle to get inside a firm. Earnout conditions require CRM/P&L integrations not in MVP.
Year 1 relationships → Year 2 revenue
📊
M&A Advisors & PE Funds
Earnout verification against ARR, churn, EBITDA, NRR. CRM and P&L integrations. Large single transactions, multi-party structures.
Why later
Complex multi-party deal structures and institutional KYC requirements. Strong revenue when it lands.
Year 2
🏦
Fiduciarias (B2B SaaS)
Colombia, Peru, Mexico, Chile. Regulated trust companies managing fideicomiso structures. All verification manual today — Parcelato provides the AI layer under their brand.
Why later
API integration into core systems. Institutional sales process 3–6 months minimum. EUR 1,200–4,000/mo SaaS.
Year 2
🏛
Bank Trust Departments
Santander, BBVA, Davivienda, Bancolombia trust arms. AI verification layer + DSCR monitoring for loan portfolios. Most sticky revenue in the stack.
Why later
6–18 month enterprise sales cycle. Compliance reviews. Core banking integration. EUR 3K–12K/mo.
Year 2–3
📋
Mortgage Servicers
Non-bank servicers monitoring escrow for insurance, tax, and covenant compliance. Volume pricing — EUR 0.05–0.15 per loan per month. Scales with portfolio.
Why later
Deep core banking integration. Not a product until the platform is proven at scale.
Year 3+
🌎
Infrastructure & Government
Performance escrow on public concessions. Disbursements against engineer milestones and government sign-off. FCPA-compliant audit trail on every payment.
Why later
Public procurement law complexity. Requires established track record and regulatory relationships.
Year 3+
Two Products

This is what you get instead
of the manual alternative.

Every deal that needs a trust layer has been doing it manually. Here is what Parcelato replaces.

✗ Traditional escrow — manual process
1
Engage notary or bank escrow officer
2–8 weeks to set up. Separate bank account per country for cross-border.
⏱ 2–8 weeks · per country
2
Email PDFs for manual review
Shared review queue. Foreign docs need certified translation first.
⚠ Manual · shared queue · translation
3
Wait for one approver to be available
Out of office 5 days → deal delayed. Single point of failure.
⚠ Human bottleneck · no fallback
4
Manual wire · SWIFT delays · 0% yield
1–5 day SWIFT delays. Bank FX rates. Zero yield on held funds.
⏱ 1–5 days · bank FX · 0% yield
5
Approval record: a signature and a date
No record of what was reviewed or why. Lawsuit exposure.
✗ No reasoning trail
✓ Parcelato Deal Escrow
1
Upload docs — AI extracts + scores milestones
Any language. AI proposes measurable milestones with Clarity Scores. You approve before funding.
✓ Minutes · clarity-scored · no grey area
2
Fund in USDc or EURc — live in 48h
Segregated Circle MiCA custody. Face value guaranteed. Yield from day one.
✓ 48h setup · MiCA · yield from day 1
3
AI verifies 24/7 — release on your rules
Full auto-release at ≥85%, dual sign-off above a threshold, or human co-approval on high-stakes tranches.
✓ 24/7 · configurable flow · no bottleneck
4
Instant release · any currency · 30% yield back
No SWIFT delay. Converts to local currency. 30% of float yield returned at release.
✓ Instant · any currency · 30% yield back
5
AI audit log — scored, reasoned, exportable
Every check logged. PDF + JSON in 30s. Strong dispute defense.
✓ Scored · reasoned · dispute-ready in 30s
48h
Setup vs. 4–12 weeks
Any
Language · no translation
30%
Float yield back to client
30s
Dispute-ready audit export
✗ Traditional fiduciaria
1
Set up trust with notary or bank fiduciary
6–12 weeks minimum. Multiple entities required cross-border.
⏱ 6–12 weeks · per jurisdiction
2
Quarterly PDF submissions — by email
One analyst, once per quarter. 3-month blind spots between reviews.
⚠ Quarterly only · 3-month blind spots
3
Covenant breach caught months later
DSCR drops in October — caught in January review. Already 3 months in violation.
✗ Breach months late
4
Manual compliance reports
Prepared manually, turnaround varies, shared by email. Version control non-existent.
⚠ Manual · inconsistent · email-based
5
Lawsuit: no monitoring trail
Cannot show when they last checked or what action was taken.
✗ No trail · lawsuit exposure
✓ Parcelato Managed Trust (Fiducia)
1
Upload covenants — AI extracts + scores every trigger
Any language. AI extracts every obligation, threshold, and reporting requirement. You approve before go-live.
✓ 48h · clarity-scored · all covenants
2
Continuous AI monitoring — daily or API-fed
DSCR, LTV, occupancy, revenue ratios checked on your schedule. No quarterly blind spots.
✓ Continuous · daily · no blind spots
3
Real-time breach alert — with cure period
DSCR drops Tuesday → lender notified Tuesday evening. Cure period logged and tracked.
✓ Real-time · cure logged · all notified
4
Monthly compliance report — auto-generated
Every covenant: reading, threshold, trend, status. PDF + JSON. Zero manual effort.
✓ Auto-generated · PDF + JSON
5
Complete monitoring trail — scored, exportable
Every check logged: what was verified, reading, score, interpretation. Export in 30s.
✓ Every check logged · 30s export
Daily
Monitoring vs. quarterly
<24h
Breach alert vs. 3 months
Auto
Monthly compliance report
3–5yr
Avg. contract · recurring
Pricing

Simple, aligned, scalable.

Funds held in USDc or EURc earn ~4–5% pa on Circle reserves. Parcelato retains 70%. 30% returned to every client at release.

💡 Yield share model — 30% of float yield returned to every client at release
Deal Escrow
1–3%
of escrow amount · one-time at closing
AI condition extraction · any language
48h setup · USDc or EURc via Circle MiCA
Automatic release · full AI audit log
You design the approval flow
30% yield back to client at release
$240K lease → ~$4,800 fee + yield share
Managed Trust (Fiducia)
Fixed
monthly
management fee · quoted per trust
Recurring · avg. 3–5+ year contracts
DSCR, LTV, MAC monitored continuously
Monthly compliance + yield reports · auto
Breach alerts · PDF + JSON export
30% yield back to client
$380K reserve → ~$1,200/mo + yield
Float Yield
~4–5%
pa on USDc/EURc reserves · 70% to Parcelato
Earned on all held funds — trust + escrow
Circle US Treasury reserves (USDc)
Compounds with AUM growth
30% of yield returned to every client
$50M AUM → ~$2.5M/yr yield alone
Why Parcelato

Traditional escrow is broken. We fixed the verification layer.

Feature Parcelato Traditional Notary Bank Escrow
Setup time✓ 48 hours4–12 weeks2–8 weeks
Fee✓ 1–3% one-time3–5% + hourly2–4% + admin
Verification✓ AI agent · 24/7Manual · on requestManual · inconsistent
Audit log✓ Scored · reasonedSignature onlyInternal records
Cross-border✓ USDc · EURc · 27 EUNot supportedSWIFT only
Yield to client✓ 30% returnedNoneBank keeps all
Dispute defense✓ Scored reasoning trailSignature onlyInternal notes
Get Started

Any deal with conditions.
One platform. AI-verified.

Set conditions. Fund in USDc or EURc. AI verifies. Auto-released. Complete audit log on every decision.