Real estate tokenization

Our client needed to tokenize real estate objects and issue tokens that were 100% backed by square meters. One square meter equals one token. The smart contract allowed to add the real estate object as a proposal to the community. Then users can vote if the real estate object is worth it to be the object that backs the token. During the set number of days community users could vote with their stablecoins. If the real estate object owner, the person taking it for living and the community representative approve the object it becomes possible to issue tokens the same amount as square meters of the property.

What we've done

We have developed the smart contract to add properties and resolve the issue of burning the tokens. We have also developed a unique inheritance feature allowing users to set the inheritors in case the owner of the tokens loses access to the wallet. We have also developed a web portal allowing us to add real estate objects considering all the requirements. It has cabinets for all the roles and allows to vote in real-time and see the winners list.

Results and value for the client

We have helped to tokenize around $20M+ worth of real estate objects across four cities. In total, over 100 properties.