Who's Building It

Real Estate · Lesson 7.2

Tokenized real estate platforms are not building the same product. Lofty fractionalizes US rental homes: each property sits in its own LLC, and tokens represent membership interests in that LLC. Propy works on the property transaction. Its model can tie an NFT to an LLC that owns a property, so transferring the NFT transfers the LLC and the property with it. Blocksquare provides technology that other operators use to issue property tokens, which give holders contractual economic rights, such as a share of rental income, rather than ownership of the property. Balcony works with county record offices, such as Bergen County in New Jersey, to put deeds and title history onchain.

Wally’s note: same asset class. four answers.

An LLC interest, a contractual right and a public title record are different things. Check which one your token represents.

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