Business
Beeline Holdings Enters Into Letter of Intent to Acquire 100% of MagicBlocks, Accelerating AI-Powered Mortgage Platform and Digital Asset Infrastructure Expansion
Beeline Holdings Enters Into Letter of Intent to Acquire 100% of MagicBlocks, Accelerating AI-Powered Mortgage Platform and Digital Asset Infrastructure Expansion
About this update from Beeline Holdings, Inc.
[{"type":"text","content":"PROVIDENCE, R.I., May 28, 2026 (GLOBE NEWSWIRE) -- via IBN – Beeline Holdings, Inc. (NASDAQ: BLNE) (“Beeline” or the “Company”), a technology-driven mortgage and fintech platform focused on next-generation lending and digital real estate infrastructure, today announced that it has entered into a non-binding Letter of Intent to acquire MagicBlocks, an AI-driven real estate technology company focused on transaction lead generation, production automation, and workflow systems for financial services and real estate applications. Beeline currently owns approximately 47.6% of MagicBlocks, and the MagicBlocks platform has enabled Beeline’s chatbot, Bob, which has facilitated an 8% increase in lead to lock conversions at no incremental cost when involved with customers on Beeline’s website. Beeline has entered into a non-binding Letter of Intent with MagicBlocks’ key principals to acquire the remaining interest in the company. The transaction is subject to execution of a definitive agreement, final approvals by a special committee of Beeline’s board of directors, SAFE noteholders and employment agreements for the founders. The acquisition is expected to materially expand Beeline’s artificial intelligence capabilities and further support the Company’s blockchain and digital asset initiatives. Beeline intends to leverage MagicBlocks’ proprietary AI technology to drive lead generation for BeelineEquity, its tokenized home equity product in partnership with TYTL, while also supporting underwriting, transaction automation, and scalable production infrastructure across Beeline’s broader fintech platform. MagicBlocks has developed proprietary systems designed to automate and improve key components of the real estate transaction process, including AI-enhanced workflow management and scalable infrastructure built specifically for mortgage, financial services, and real estate applications. Beeline plans to further integrate MagicBlocks’ technology stack into its ecosystem of mortgage origination, title services, blockchain settlement capabilities, and tokenized home equity products. The Company believes the acquisition can help accelerate transaction volume, reduce production costs, lower customer acquisition costs, and create new software-as-a-service revenue opportunities for Beeline. “MagicBlocks represents a major strategic step forward for B...