TokenHouse
Transforming the Real Estate Market with the power of Web 3.0
TokenHouse is the first London based company to provide landlords and developers with the ability to wholly convert real estate into digital assets in the form of Non-Fungible Tokens (NFTs).
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Value of Properties Converted into NFTs
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Value of Property in Pipeline
What We Do
What We Do
TokenHouse bridges two significant markets – real estate and web3.
We enable the streamlining of property transactions by wholly converting properties into easily tradeable Non-Fungible Tokens (NFTs) while unlocking many other benefits of blockchain technology.
We have developed a proprietary solution and work with trusted third parties to provide a safe and secure means of digitising physical assets.
We are ready to unlock the future of property ownership, are you?
Properties Converted to NFTs
We Work With Industry Experts
TokenHouse has consulted and works with industry experts in Real Estate, Property Law and Trustee Services to ensure that our process is seamless, compliant and that our client’s interests and assets are protected at every stage.
Truva Corp provides a comprehensive range of capital market trustee services to clients around the globe.
Trustee Services Include:
Security Trustee, Note Trustee And Share Trustee
DLA Piper is a multinational law firm with offices in over 40 countries throughout the Americas, Asia Pacific, Europe, Africa, and the Middle East.
Major Practice Areas Include:
Intellectual Property, Private Equity, Real Estate, Securities, Tax, and Technology
NFT Conversion Process
TokenHouse provides landlords and property developers with a seamless, end-to-end service for converting real estate into Non-Fungible Tokens (NFTs).
We have developed a proprietary solution and work with industry experts to ensure a safe, secure and legal means of digitising physical real estate assets.
Login and register an account
Complete KYC/AML vetting
Account approved and profile activated (passed KYC/AML checks)
Submit required property-related information and documentation
Property details are checked for eligibility (See eligibility criteria)
Legal due diligence is conducted
A charge is placed on the property via a trustee
An NFT is created linked
to the Property
Property owner connects a wallet to their profile
The NFT is sent to the owner’s wallet
What Makes Our Asset-Backed NFTs Unique
Our TokenHouse NFTs contain all the information a real estate investor requires to acquire a property.
Our TokenHouse NFTs contain all the information a real estate investor requires to acquire a property.
Signed Lease
Report on Title
Title Register
Title Plan
Floor Plan
Valuation Report
Embedded within our NFT smart contracts lies the seamless mechanism to officially transfer property access rights and beneficial ownership to the NFT Holder.
Plus, our novel trust structure adds an additional layer of protection, ensuring that safeguards are in place when it comes to the legal ownership of the underlying asset attached to the NFT.
- Signed Lease
- Report on Title
- Title Register
- Title Plan
- Floor Plan
- Valuation Report
Embedded within our NFT smart contracts lies the seamless mechanism to officially transfer property access rights and beneficial ownership to the NFT Holder.
Plus, our novel trust structure adds an additional layer of protection, ensuring that safeguards are in place when it comes to the legal ownership of the underlying asset attached to the NFT.
Benefits of Converting Real Estate into NFTs
SECURE AND TRANSPARENT
Ensure safe and transparent real estate transactions, through the use of NFT and blockchain technologies.
LEVERAGING DECENTRALISED FINANCE
Unlock the asset value by leveraging decentralised finance (DeFi) opportunities via third-party exchanges.
STREAMLINE PROPERTY TRANSACTIONS
Enjoy frictionless, secure peer-to-peer transactions via blockchain technology.
ACCESS AN INTERNATIONAL MARKET
Gain easy access to a large international market of property investors.
LEVERAGE SMART CONTRACTS
Facilitate the creation of property syndicates and bulk-deals sales by leveraging smart contracts and blockchain technologies linked to NFTs.
FRACTIONALISE REAL ESTATE
Divide and sell a fraction of a property, via NFTs. This makes investing in high-value properties more accessible to a larger pool of investors.
CREATE ADDITIONAL REVENUE STREAMS
Build royalties into the NFT smart contract for all future NFT transactions, creating a new revenue stream.
Properties Eligable for Conversion
Converting properties into NFTs presents an exciting opportunity for property owners, developers and agents, and has the potential to completely disrupt the real estate market as Web 3.0 technology becomes more widely adopted.
For a property to be eligible for conversion the following criteria will need to be met:
There can be no charge against the asset or any existing debt
It must be a residential ‘Buy to Let’ property
The location of the property must be in PCL*
*DISCLAIMER: Currently we only accept applicants with Prime
Central London (PCL) Properties, but you can pre-register to join our mailing list and get notified when we expand into new areas.
News
FAQs
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What information do I need to provide to open a TokenHouse account?
New applicants are required to give their full name, telephone number, email address, property address and a brief description of the property to open an account or register interest.
What is the qualifying criteria for converting my property into an NFT?
We are initially welcoming all Prime London Real Estate Landlords who own buy-to-let properties with no existing debt to join our platform.
How is my asset converted into a digital asset?
TokenHouse uses proprietary technology and incorporates trusted industry experts in the process of converting real estate into digital assets in the form of Non-Fungible Tokens (NFTs). The NFTs will be a digital representation of your real estate.
What is a Non-Fungible Token (NFTs)?
NFTs are a form of digital asset, designed to track ownership of an asset using blockchain technology. NFTs are unique and can’t be copied or replicated. NFT holders can store their NFTs in digital wallets like MetaMask.
Does TokenHouse provide a digital wallet for NFTs ? If not, which digital wallet should I use?
Other digital wallets that members may consider using are:
- Metamask
- Trustwallet
- Coinbase Wallet
Alternatively, clients can use a ‘Hard Wallet’ which is similar to a USB stick where NFTs and cryptocurrency can be stored.
Does the digitalisation (conversion into an NFT) of your real estate asset carry any risks?
Our real estate experts have carefully considered all aspects and risks related to the digitalisation of your real estate to ensure landlords are fully protected and fully informed throughout the process. We have also employed a reputable global law firm (DLA Piper) as counsel to oversee the full process and ensure that all landlords/members are not exposed to any risks that may jeopardise their assets.
To further safeguard the asset we have added an extra layer of protection by involving a legally neutral third party security trustee, Truva.
Truva Trustees. are a team of qualified senior corporate and financial lawyers, whose primary function is to protect landlords’ interests, hold security, and approve and oversee the conversion of real estate into NFTs.
How Many Real Estate Assets Have Been Converted Into NFTs via the Platform?
We are proud to announce that we are currently working with a committed pipeline of over £50 million worth of real estate in prime London pre-launch.
We are confident that this figure will continue to grow as professional landlords, developers and large institutional investors understand the scope and potential of Web 3.0 and blockchain technology.
If I decide that the platform is not for me what is the process for unlinking my property from the NFT?
In the event, you no longer require the use of your TokenHouse NFT, you can contact our team via your TokenHouse account and request that we ‘burn’ your NFT. This is a very quick and simple process to complete and will render the NFT unusable.
Are Non-Fungible Tokens Safe?
Non-fungible tokens, which use blockchain technology just like cryptocurrency, are generally secure. The distributed nature of blockchains makes NFTs difficult (although not impossible) to hack. One security risk for NFTs is that you could lose access to your non-fungible token if the platform hosting the NFT goes out of business. However, at TokenHouse, thanks to our proprietary process and use of third-party trustees, we have greatly negated this risk. Every measure has been taken to ensure the ownership of TokenHouse NFTs are safeguarded regardless the status of the company.
Resources
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Web3.0 Terms 101
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