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cush
@cush.eth
let's say i have a piece of land in latin america... what is the best way of taking an overcollateralized onchain loan against that land?
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Christian Petersen
@ccdpetersen
Depends. Assuming the land registry is NOT on-chain, then you will probably have to have land held by SPV. And for the SPV, it will depend on what country you are in. Is land ownership real ownership or leasehold? Is foreign ownership possible? Each LatAm jurisdiction is different.
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cush
@cush.eth
The land registry is not onchain. Are there any land registries that are? Real ownership of the land. Best jurisdiction to put the land into an SPV? And who will then tokenise the spv and issue a loan against it?
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Alex Palmer
@thatalexpalmer.eth
I’m investigating this too. Top contenders for the SPV jurisdiction are US BVI Cayman Costa Rica All depends on who you want the investors to be in the tokenized SPV. We can help with this btw, let’s meet! Got a booking link I could find a time on?
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Anaïs
@anais
Is there some reliable table available to compare those jurisdictions and to explain why they are top contenders that you know of ?
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Alex Palmer
@thatalexpalmer.eth
Apologies for the delay here. I'm working on my own, can share if that's useful. Criteria is - stable regulation with strong privacy - pass-through tax - moderate compliance requirements - corporations can be shareholders - established regulation - used my many international entities For example
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Alex Palmer
@thatalexpalmer.eth
I like this breakdown for BVI too https://www.harneys.com/insights/jurisdictional-comparison-british-virgin-islands-cayman-islands-and-luxembourg-investment-funds/#_ftnref2
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