In a single-asset tokenized offering, the investment thesis is the property. In a multi-asset tokenized offering, the investment thesis is…
In most tokenized real estate offerings, the investor does not own the building. The investor owns an interest in the…
Tokenization changes the format of ownership and transfer. It does not change the need for a legal entity that gives…
Tokenized real estate is being marketed as faster, cleaner, and more investor-accessible than traditional syndication. Some of that is true….
The public-versus-private blockchain decision is really a decision about access, trust, governance, compliance, and which set of regulated intermediaries will…
Tokenizing a U.S. real estate asset is not just a matter of putting a building on a blockchain. The hard…
Tokenization can lower the minimum investment in commercial real estate from six figures to a few hundred dollars. Whether a…
Tokenization is genuinely useful for sourcing, tracking, and administering real estate interests. Whether it helps with 1031 exchanges depends almost…
The token is the delivery mechanism. The capital stack position is the deal. Confusing the two is the most expensive…
The legal architecture of a tokenized real estate deal is built in four layers. Get them aligned, and tokenization delivers…
