REAL ESTATE Tokenization
Buy your next home on the blockchain
The invention of blockchain and NFTs has created new ways to buy and sell real estate. We created Plano to enable real estate transactions that bridge the gap between digital tokens and real-world laws.
What is tokenized real estate?
The tokenization of real estate is the process of representing a property on a blockchain ledger with some form of blockchain-based token. Each token represents ownership of the real estate and when the token is traded, ownership of the underlying physical asset is transferred instantly.
With Plano, tokenization of real estate begins with the creation of a unique Deed NFT (non-fungible token). This NFT acts as a certificate that contains proof of ownership of a company that in turn is the legal owner of a single real estate asset. The company is created on your behalf by Plano and exists solely to hold the asset.
When you sell the Deed NFT, your 100% membership interest in the company is transferred to the buyer instantly on the blockchain. The underlying property remains owned by the company and the new Deed NFT owner has control of the property.
Buying and selling is easy with a Deed NFT
A buyer can tokenize a real estate asset they are purchasing with a Plano Deed NFT without any effort on the part of the seller. As part of the settlement process, tokenization of the property will occur automatically. When the buyer wants to sell the tokenized asset later down the road, they can sell the Deed NFT instantly on a blockchain-based marketplace.
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Buy in seconds
You can buy or sell your dream vacation home in Mexico in as little time as it takes to send a text message. With tokenized real estate assets from Plano, settlement is instant, final, and without any intermediaries.
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Skip the paperwork
Trade tokenized real estate in Mexico with NFTs. With each sale, ownership of the property is transferred in the real world securely and direct from your phone or browser without a trip to the lawyers office.
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Market liquidity
Tokenized real estate is easier to transact, so it attracts a larger pool of buyers and sellers. For sellers, this means more offers from buyers. For buyers it means access to a larger range of great homes to buy.
How to tokenize a property
Using online tools provided by Plano, you can instantly set a up a company that will be the legal owner of the property. You will hold a 100% membership interest in this company, thus securing your rights to the property. Once this arrangement is set up, Plano will issue the owner a Deed NFT for the asset. Congratulations. You have tokenized a real estate asset!
Yes. Buying and and selling fractions of real estate is one of the main reasons people choose to tokenize their real estate assets. With a Plano Deed NFT, you can fractionalize your property. This enables you to buy and sell off shares as you need using fractional real estate markets.
Can I fractionalize a tokenized property?
Buying tokenized real estate is easier for buyers
Using tokenized real estate (specifically NFTs), Plano makes buying easy with a new decentralized, global marketplace for the effortless trade of tokenized real estate. This market is a single on-ramp to the world’s real estate with less complexity and more trust.
The tokenization of real estate makes selling easy
Using a real estate Deed NFT to transfer ownership of a property during a sale is more convenient than paper titles. A Deed NFT allows the instant, safe and secure settlement of real estate transactions without costly intermediaries.
Got more questions about the tokenization of real estate?
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An NFT (non-fungible token) is a non-interchangeable unit of data stored on a blockchain (a form of digital ledger) that can be sold and traded.
Popular for the representation of digital art, they can also be used to certify ownership in any unique physical assets such as real estate.
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A tokenized real estate asset is where a NFT or other token is used to represent the asset and allow the transfer of legal ownership when the NFT is transferred or sold.
A tokenized real estate NFT can contains metadata proving you are the actual owner of the real estate asset. This metadata is updated each time the property is bought and sold by a smart contract to reflect the new owner. In this way, ownership is provable and legally secure in the real world.
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When you buy tokenized property, you need to know you are buying it with clear title. Deed NFTs from Plano have restrictions built in that prevent securitization or encumbrance of the asset prior to sale. In this way, you have peace of mind that you are buying a real asset with clear title.
In concert with instant transfer and settlement, buying and selling real estate using real estate tokens is therefore quick, easy and secure.
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Yes. A record of transfer of NFTs or other forms of asset tokens between buyer and seller is stored on the blockchain. This record become the proof that demonstrates who owns the asset.