2 Way Tokenization Bridge
CitaDAO enables a 2 Way Tokenization bridge for IRL (in real life) Real Estate. This allows for Real Estate assets to be conveniently brought on and off the blockchain. The tokenization bridge works as such:
- Landlords list their Real Estate on our platform through Introducing Real Estate On-chain (IRO). A successful IRO will tokenize the property and Real Estate Tokens (RET) will be distributed to the IRO participants, thereby bringing the Real Estate On-chain.
- Any RET holder can buyout the RET of other RET holders. A successful buyout will allow the RET holder to claim the title deed of the Real Estate, making them the sole owner of the property, thereby taking the Real Estate Off-chain.