Brick by Block:
Navigating the legal landscape of tokenizing real estate.
A tokenized real estate offering does not change the property insurance requirements, but it adds a layer of digital infrastructure…
Jason Powell
A tokenized real estate offering collects more investor data than a conventional private placement, processes it across more systems, shares…
Jason Powell
Sanctions compliance in a tokenized real estate offering is a lifecycle obligation, not an onboarding checkbox. A token issued to…
Jason Powell
The gap between the marketing headline and the legal document is where most tokenized real estate advertising risk lives. A…
Jason Powell
The enforcement record of failed and stalled tokenization projects is, at its core, a disclosure record. The most consequential failures…
Jason Powell
Allocation of Liability Among Sponsors, Platforms, and Developers in Tokenized Real Estate Offerings
Tokenization adds actors, not just infrastructure. A tokenized real estate offering that uses a platform to distribute, a developer to…
Jason Powell
A property appraisal and the fair value of the security an investor holds are related but not equivalent. The appraisal…
Jason Powell
A tokenized real estate offering that publishes a live price on its investor dashboard is not necessarily offering mark-to-market pricing….
Jason Powell
Yes, tokenization supports staged closings and tranche-based capital raises. What it does not do is replace the legal framework that…
Jason Powell
The distribution waterfall is where multi-class tokenized real estate offerings fail most often, and most expensively. Not because sponsors draft…
Jason Powell
Tokenization does not simplify fee disclosure in a real estate offering. It complicates it, because the same offering now contains…
Jason Powell
A token labeled “mezzanine” is not mezzanine debt. A token labeled “preferred” does not automatically provide preferred equity protections. And…