Rupto Project
Last updated
Last updated
Digital assets can represent real-world assets such as real estate, real estate funds, revenue streams, governance rights, and more in the form of tradable digital tokens using the blockchain technology. Once these assets are deployed on the blockchain with the process of tokenization, it can be divided into more granular pieces, made accessible to a wider pool of investors, and leveraged to raise capital.
One of the most exciting ways several industries benefit from blockchain is through tokenization. In the real estate market, the knowledge and advice of real estate professionals will remain crucial to commercial buyers. However, the processing of securities, liability management, document processing, and accounting will inevitably change with new digitized changes in the market.
Rupto proposes the whole new concept of tokenization with utilising the proof-of-asset security (PoAS) model. With the goal of widening blockchain applications into the real estate market, Rupto project has started as the first mover into this industry. The idea of distributed property ownership is at the core of the Rupto protocol, or such it is the building block of the proposed solution.
This concept of ‘tokenized property’ comes forward as numerous challenges of real estate business pop-ups as the industry is expanding further. Such challenges for large scale property management firms being inefficient to oversight of their global portfolios. With the concept proposed by Rupto, this solution increases the operational efficiency and allows the subtraction of time consuming and expensive elements to form the system which eventually help the ecosystem grow further.
The economy of the Rupto project revolves upon the property owned by the token holders. Rupto is combining the blockchain powered solutions such as proof-of-asset security, distributed asset ownership, and tokenization to build a highly efficient and dependable solution for the tokenized distribution of the property.
With tokenization, Rupto protocol is spreading blockchain technology into the commercial real estate market with open up a broader range of people due to lower minimum investments, improved transparency and increased liquidity.
Rupto uses blockchain in tokenizing assets. The property owned by Rupto is tokenized on the blockchain network. Supply of RPT tokens is backed by a plot of physical land reserved by the protocol. Each RPT token represents a 10 sq. ft. piece of land.
The Property
Place: Dholera District, Gujarat Total SqFt: - 35,00,000 SqFt Land
Dholera smart city is the dream project of the government of Gujarat and India. This smart city is going to be a wonderful region in India’s heart, with numerous advanced technological services and world class amenities for citizens. This smart city project is promising economic and industrial sophistication that will surround you when staying in such a high-standard city, whether residential, industrial, or commercial.
Furthermore, the state government of Gujarat has made significant contributions to this project. Gujarat government has created a legislative framework for the formation of a Special Investment Region Act 2009. Under the act, a regional development authority for Dholera SIR has been established. The responsibility of this regional development has been assigned to The Dholera Special Investment Region Development Authority (DSIRDA) and it will encompass the function of administering government land within Dholera Smart City.
