Brick by Block:
Navigating the legal landscape of tokenizing real estate.
Tokenization is genuinely improving access and operational efficiency in real estate. Deep secondary market liquidity is a different question —…
Jason Powell
A tokenized real estate syndication is still a securities offering, not a software project wearing a blazer. The blockchain layer…
Jason Powell
The token is the delivery mechanism. The capital stack position is the deal. Confusing the two is the most expensive…
Jason Powell
The token may be modern. The tax questions are not. Understanding how the IRS sees your investment starts with understanding…
Jason Powell
Blockchain can make a real estate fund’s ownership records faster, cleaner, and easier to audit. What it cannot do is…
Jason Powell
A smart contract can execute a distribution waterfall in seconds. Whether the result is legally correct depends entirely on what…
Jason Powell
The legal architecture of a tokenized real estate deal is built in four layers. Get them aligned, and tokenization delivers…
Jason Powell
Section 3(c)(5)(C) is the exemption real estate sponsors reach for most often — and understand least well. Here is how…
Jason Powell
Federal compliance is the starting point. State Blue Sky law is where sponsors who skip the fine print discover the…
Jason Powell
A token that can move on a blockchain is not a token that can legally trade. The gap between those…
Jason Powell
Custody is the compliance issue that tokenized real estate sponsors consistently underestimate. The pitch for tokenization focuses on speed, accessibility,…
Jason Powell
Here is a compliance problem that comes up constantly in the tokenized real estate space: a platform operator builds what…