How Yieli is set up.
The company
Yieli, Inc. is a Delaware C-corporation headquartered in Miami Beach, Florida. We are not a broker-dealer, not a money transmitter, and not a custodian. Investor funds are held in investor-owned sub-accounts at a partner bank (Column or Thread) — your money is yours, in an account in your name.
How we bid
Where the platform permits it, Yieli uses the platform's own proxy bidder — the same feature a human would use manually. This is explicitly allowed under Florida Statute 197.542(4)(a). We do not run third-party browser bots or scripted bidding tools, which are explicitly banned by RealAuction-operated auctions (see the Allegany County 2025 RealAuction FAQ). For every county we support, we keep a signed evidence record with an expiration date. Bidding halts automatically if that record ever goes stale.
Data
Platform credentials are encrypted with per-investor AWS KMS keys. Wire-routing data is encrypted at rest (AES-256 via pgcrypto). KYC documents are stored at the partner bank — Yieli does not retain raw KYC artifacts.
This page is a working statement for our design-partner phase and will be superseded by a full Terms of Service, Privacy Policy, and Investor Agreement before v1 goes live.