Rupto Values
Last updated
Last updated
Rupto is in very early examples of implementing real estate tokenization making headway, it has the first mover advantage. The timeframe to realize this potential is generally thought to be much sooner and other real estate companies are going to follow Rupto for sure.
As the real estate sector suffers from serious barriers to entry, especially for people of the younger generation, the application of blockchain technology has the potential to radically change this industry for the better by broadening access, increasing transparency and streamlining complex transaction processes.
Every RPT token is a security backed by property, which will essentially be owned by the Rupto ecosystem partners. The tokenization of physical property on the blockchain networks helps in easily managing the distributed ownership.
Rupto is backed by an actual asset in the physical world. Rupto has reserved/held the 3500000 square feet land in Dholera district. The property is owned by Rupto ecosystem partners representing each share in the form of RPT token.
As blockchain guarantees data security, Rupto guarantees asset security in the liquid market. The ownership of RPT tokens assigns their holders the right to trade the token in live markets. As being a security token, RPT keeps the Rupto ecosystem connected to the real estate market.
The global real estate market reached the incredible value of US$830 billion In 2019. Still it is one of the most illiquid asset classes. Obtaining ownership of a real estate property has high entry barriers, cumbersome transaction processes and substantial administration costs as one has to buy an entire property. Blockchain technology has various use-cases in the real estate market, such as using smart contracts for property transactions to cut out intermediaries and reduce costs.
Pushing the blockchain use cases farther than data record storing with real world applications. With holding RPT token, holders are able to earn the actual revenue from the yields and harvesting.
Among the several other use-cases, one of the most promising use cases of blockchain in the real estate sector lies in the tokenization of assets. Applying tokenization in real estate can help in fractionalize the ownership of a property into a number of tokens, where each particular token represents a share of the property. Thus, the tokens are accessible to a broader base of investors and can be traded on various exchange platforms, essentially lowering entry barriers and reducing the friction between buyers and sellers. As the property is fractionalized, the buyers or sellers would simply have to access a virtual platform to trade tokens.
