{"license":"CC-BY-4.0","licenseUrl":"https://creativecommons.org/licenses/by/4.0/","attribution":"ChainChoice (https://chainchoice.io)","category":"tokenised_realestate","evidenceReadAt":"2026-10-22","generatedAt":"2026-11-12","criteria":[{"id":"legalClaim","label":"What the token legally conveys","weight":32},{"id":"exit","label":"Exit reality","weight":26},{"id":"access","label":"Who can participate","weight":22},{"id":"feeDisclosure","label":"Fee-stack disclosure","weight":20}],"providers":{"lofty":{"legalClaim":{"s":9,"q":"Your shares are direct ownership in the LLC that holds each property, not a fund or a loan. | When you buy shares, you become a fractional member of that LLC, with rights to your share of the rental income, the ability to sell your shares on the exchange anytime, and votes on key property decisions.","u":"https://www.lofty.ai/how-it-works","d":"2026-10-22"},"exit":{"s":5,"q":"Holding period None. Sell on the 24/7 exchange anytime | Limit orders . Place an order at the price you want. It fills when another investor matches it.","u":"https://www.lofty.ai/how-it-works","d":"2026-10-22"},"access":{"s":10,"q":"Anyone, both US and international investors, except residents of sanctioned countries. You must be 18 or older and complete identity verification. | You can buy shares for less than $50.","u":"https://www.lofty.ai/how-it-works","d":"2026-10-22"},"feeDisclosure":{"s":7,"q":"What fees does Lofty charge? A 2.5% fee on share purchases and a 3% fee on share sales. No AUM fees, no upfront fees, no property management fees billed directly to investors, and no early withdrawal penalties.","u":"https://www.lofty.ai/how-it-works","d":"2026-10-22"}},"prypco_mint":{"legalClaim":{"s":7,"q":"Once the Funding Target is achieved, in exchange for the Investment, the Investors will directly own a share of the Property, registered in their name with DLD proportional to their investment amount.","u":"https://prypco.com/mint/terms-and-conditions","d":"2026-10-22"},"exit":{"s":4,"q":"An Investor has the right to transfer their portion, in full or part, of the Property they own on the PRYPCO platform after the expiry of the lock-in Period. Any Investments made after the expiry of the Lock in Period, can be sold at any point.","u":"https://prypco.com/mint/terms-and-conditions","d":"2026-10-22"},"access":{"s":2,"q":"Tokenized real estate UAE residents aged 21+ with a valid Emirates ID","u":"https://help.prypco.com/en/articles/13784933-tokenized-real-estate-with-prypco-mint","d":"2026-10-22"},"feeDisclosure":{"s":5,"q":"i) Acquisition fee of 2% of the Funding Target at the time of acquisition of the concerned Property; ii) Management Fee of 0.5% of the Funding Target. iii) Exit fee of 1% of the Sale Value of the concerned Property. | 13.4.","u":"https://prypco.com/mint/terms-and-conditions","d":"2026-10-22"}},"redswan_cre":{"legalClaim":{"s":6,"q":"RedSwan Markets, LLC is an SEC / FINRA registered broker-dealer providing digital asset security private placements in real estate funds and assets, where digital tokens represent ownership interests backed by physical commercial property.","u":"https://redswanmarkets.com/","d":"2026-10-22"},"exit":{"s":2,"q":"Trade on the Secondary Market A bulletin board where holders post interest to buy and sell digital real estate securities, subject to eligibility.","u":"https://redswanmarkets.com/","d":"2026-10-22"},"access":{"s":5,"q":"Securities offered through the website are available exclusively to verified accredited investors under Rule 501 of Regulation D or non U.S. persons under Regulation S.","u":"https://redswan.io/assets/index-CZFTg8zi.js","d":"2026-10-22"},"feeDisclosure":{"s":3,"q":"The fee will be generally be disclosed in the offering material","u":"https://files.brokercheck.finra.org/crs_322259.pdf","d":"2026-10-22"}},"reental":{"legalClaim":{"s":2,"q":"In each issue, Reental implements a participatory loan, offering investors tokens (STO) that represent credit rights against the issuing company.","u":"https://www.reental.co/en/faqs","d":"2026-10-22"},"exit":{"s":2,"q":"There is currently no secondary market for trading ReentalTokens, and there is no guarantee that one will develop. Investors may be required to hold their ReentalTokens indefinitely.","u":"https://d23t4e7dm0xzj0.cloudfront.net/VLC-14/docs-en/1782302135151_vlc_14_whitepaper_eng.pdf","d":"2026-10-22"},"access":{"s":8,"q":"Any adult user can register and invest after passing the KYC (Know Your Customer) and AML (Money Laundering) process. In the case of citizens resident for tax purposes in the United States, they are required to be an accredited investor.","u":"https://www.reental.co/en/faqs","d":"2026-10-22"},"feeDisclosure":{"s":3,"q":"The differences in estimated returns between Investor categories stem solely from the varying commission levels applicable based on the Investor's status within the Reental ecosystem.","u":"https://d23t4e7dm0xzj0.cloudfront.net/VLC-14/docs-en/1782302135151_vlc_14_whitepaper_eng.pdf","d":"2026-10-22"}},"blocksquare":{"legalClaim":{"s":5,"q":"“Corporate resolution” is the legal binding document uploaded and stored on IPFS that works in conjunction with a PropToken smart contract and creates a financial obligation by the issuer towards any and all holders of a property token.","u":"https://docs.blocksquare.io/infrastructure/tokenization-protocol/bspt-tokens","d":"2026-10-22"},"exit":{"s":2,"q":"Today, property-token holders can list eligible positions for sale on the secondary marketplace. That is already more flexible than many closed or long-duration property structures, but it still depends on matching a seller with a buyer.","u":"https://blog.blocksquare.io/article/asian-investors-european-real-estate-tokenization/","d":"2026-10-22"},"access":{"s":4,"q":"Due to AML regulations, to hold property tokens, a user is required to first complete KYC using Blocksquare’s platform. This is a one-time process.","u":"https://docs.blocksquare.io/infrastructure/tokenization-protocol/bspt-tokens","d":"2026-10-22"},"feeDisclosure":{"s":4,"q":"Please note that marketplace operators are free to shape their business models by adding various fees on any of these transactions, except on the secondary market where transaction fees are platform-wide.","u":"https://docs.blocksquare.io/certified-partners/pricing/transaction-fees","d":"2026-10-22"}},"figure_connect":{"legalClaim":{"s":6,"q":"DART is a next-generation electronic lien registry.","u":"https://www.figure.com/markets/capital-markets-investors/","d":"2026-10-22"},"exit":{"s":3,"q":"We define Figure Connect Volume as the total U.S. dollar equivalent value of Consumer Loan Marketplace Volume originated by third-party sellers through our Figure Connect marketplace.","u":"https://www.sec.gov/Archives/edgar/data/2064124/000162828026057061/figr-20260630.htm","d":"2026-10-22"},"access":{"s":1,"q":"Access high-quality assets via flexible investment opportunities catered to your institution's financial goals.","u":"https://www.figure.com/markets/capital-markets-investors/","d":"2026-10-22"},"feeDisclosure":{"s":3,"q":"Our ecosystem fees are based on a sliding scale that decreases as higher volume tiers are reached, resulting in lower fee rates as an individual partner’s origination volume increases.","u":"https://www.sec.gov/Archives/edgar/data/2064124/000162828026057061/figr-20260630.htm","d":"2026-10-22"}}}}