Research summary
DeedFlow, Inc. is a Delaware corporation formed on 3 June 2026 in Highland, Utah, to buy houses at tax deed and tax lien auctions, fix them, and sell them. It filed a Form 1-A on 14 August 2026 and an amendment on 22 September 2026 to sell up to 2,500,000 Royalty Revenue Bonds at $10 each under Regulation A Tier 2, $25 million in all, with no minimum raise. A Bond is an unsecured ten-year debt of the company paying an 8% a year Priority Return only when a Royalty Pool, fed by 5% of each house sale and 10% of lien interest, has the money; what it cannot pay accrues at 8% and falls due at maturity. The transfer agent, T7X, keeps the only record of ownership off chain and holds every “Bond Token” in its own wallet on the Trusted Smart Chain. The holder never touches the token. Anyone may buy once the SEC qualifies the offering: accredited investors without limit, others up to 10% of the greater of income or net worth. The minimum is $2,500. There is no way out before maturity except a sale through the transfer agent to a buyer it approves, and no market exists. The assessment is adverse and the program is rejected. The SEC had not qualified the offering on 2026-09-25, so nothing can be sold. The issuer has one full-time employee, $31,225 of assets, three unrenovated houses bought for $151,769, and $189,800 of bridge notes senior to the Bonds, $89,800 of them owed to its chief executive. The 8% coupon depends on a royalty stream that does not yet exist. The token adds nothing a holder can use: it sits in the agent’s wallet on a chain with thirteen validators and $1,905 of daily trading in its coin. The rejection reopens when the SEC qualifies the offering and DeedFlow reports its first sales.
Observable review triggers
- The SEC qualifies the offering statement (file 024-12804) and DeedFlow reports its first sales
- DeedFlow publishes the T7X contract address and Ketju’s reader can read the Trusted Smart Chain
- DeedFlow names a bank or trust company as trustee
- The Bonds list on an ATS or holders may hold tokens in their own wallets
Facts on file
- Research assessment
- Adverse
- Client selection
- Not considered
- Exposure
- tokenized RWA
- Chains examined
- Instruments
- RRB-2026
- Reviewed
- Last confirmed