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Federico Pomi
@fedepo
A primer by @fabrica https://blog.fabrica.land/the-rise-of-onchain-land
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Jer
@lifeofjer
Biggest barrier to real estate RWA is off chain titling. Could take decades to overcome in US (some US counties don’t even have digital records 😳)
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Federico Pomi
@fedepo
No need to wait for counties to go onchain. You can “lock” traditional title at the county and go onchain with tokenized title. We’ve done it a few hundreds time across several states… long way to get millions of properties onchain but you gotta start somewhere!
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Jer
@lifeofjer
Interesting. What happens with liens and/or judgements?
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Federico Pomi
@fedepo
Any existing lien has to be removed prior to on-ramp. Then locked in a trust instrument that doesn’t allow for voluntary liens at the county. Title is monitored and involuntary lien is detected and flags the token onchain.
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Jer
@lifeofjer
Copy. Basically wrapping a wholly-owned asset in an LLC/SPV?
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Federico Pomi
@fedepo
Correct but we use a Trust instead of an LLC. Check the original post for more details or help.fabrica.land
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