Tokenizing and issuing property tokens is a meticulous and deliberate process, which is mainly due to the current regulatory framework in which we must operate. The purpose of these steps is to transfer ownership of a physical real property to a digital asset, in the form of tokens, which represent legal ownership of mentioned real property. This entails a 3-step process:
Each of the membership interest units of a Series is represented by a single unique digital token, or RealBloc Token, on the blockchain. These digital tokens each have a Unique Identification Number (UIN) that is found both in the metadata of the token, and in the Certificate of Formation of Enbloc LLC Series.
“The Issuer” structure will form in all necessary jurisdictions as operations expand internationally.
Enbloc is using leading oracle solutions to value RealBloc tokens in real-time and on-chain. This allows for multiple use cases to be implemented with tokenized real estate. Enbloc is building an entire real estate ecosystem on the blockchain, utilizing the inherently symbiotic relationship between real estate, blockchain and DeFi.
The integration with an oracle solution provides reliable real estate valuation data to the ecosystem. This valuation data is directly sourced from global real estate consultants such as Knight Frank, JLL, and others.
A direct cryptic link exists between the appraising/valuing consultant and the oracle agent. The oracle agent will then relay the property appraisal data onto the smart contract that holds the respective RealBloc token.