Project summary
| Tech stacks | Services used | Team compsition | Project timeline |
|---|---|---|---|
| AWS, Kubernetes Jenkins GitLab, ASS Prometheus ReactJS, Flutter Typescript, NodeJS Solidity, Moralis Binance Smart Chain IPFS, Hardhat Gnosis Safe Multisig | Blockchain development | Senior Product Owner Real Estate experts Blockchain expert Software developers Designer QA | 2 years |
This might be one of the most authentic case studies on real estate asset tokenization that you might find available on the Internet. It’s meticulously crafted based on our firsthand experience working with clients in the Vietnamese real estate market.
Through this study, we aim to impart valuable insights into the integration of blockchain technology into real estate projects. We trust that you’ll gain actionable knowledge from our experiences and witness the rewarding outcomes, as our esteemed clients has done.
Real estate asset tokenization case study: From bricks to bits for A powerhouse in Vietnam
The current situation of Vietnamese real estate market
Traditionally dominated by high-net-worth investors, the Vietnamese real estate market often sidelines smaller and individual buyers due to their limited capital. Spotting this gap, our client – a renowned real estate powerhouse – decided to create a real estate tokenization platform, broadening its access to wider audiences using the power of blockchain.
This approach, coupled with smart contracts, promises to enhance transparency from land acquisition to development, fostering trust among investors and streamlining the real estate value chain.
How expertise meets innovation or why we collaborated?
To get their ball rolling, our client was in the search for a well-versed partner in blockchain and Vietnam’s regulatory. Meeting through a mutual connection, we discovered a shared commitment to business innovation and solving real-world problems, not just profit-making.
And this synergy has fueled our partnership.
The process of tokenizing real estate
We adopt a multi-faceted strategy for real estate tokenization, emphasizing three core elements:
- Fractionalization & democratization: Individual investors can now engage in real estate ventures from the outset, significantly reducing entry barriers.
- Transparency & automation: We automated various transactional aspects, ensuring streamlined and tamper-proof processes.
- Customization & flexibility: We understood that individual investors had varying preferences and risk appetites. To address this, the system allows investors to freely personalize their investment interests by selecting assets and criteria that align with their financial goals.
Ideas will forever be on paper without having an effective execution plan. To make it happen, our team embraced agile methodology, extensive research, LLC establishment, and a robust technical infrastructure with smart contracts.
How the puzzle came together
First, we worked closely with our client and legal professionals to ensure the MVP adhered to industry standards and complex regulations. This set a strong groundwork for the final product.
Designed to be favored by a diverse group of users, the MVP is a package of robust features:
Our partnership yielded groundbreaking results
This MVP has strengthened our client’s brand name in Vietnam.
The tokenization platform significantly reduces transaction costs and provides financial stability, earning the hearts of visionary seed investors and Vietnamese real estate leaders. Recognizing its immense potential, they were eager to support further development, promising a bright future ahead.
Next steps to finalize the real estate game-changer
In a discussion with their seed investors, our client once again indicated a shared vision of long-term growth with our team.
The MVP was just our first stop. We will continue working with Synodus to finalize the product, as they have proven a strong commitment to the project. We will also explore new avenues to refine and enhance the platform. There’s still a lot more to unfold
Tokenizing real estate assets: Is it currently possible or still the story of the future?
While there are lingering assumptions and doubts regarding blockchain technology and its potential integration across various sectors, we firmly believe that it is never too early or too late to explore how blockchain-infused products could unlock new opportunities for leaders in the real estate industry.
The case study we have presented is not merely hypothetical; it reflects a real-world scenario that we meticulously consulted on, planned, and executed for our client. Despite being our very first project in real estate tokenization, we are confident in our ability to leverage the power of blockchain, translate knowledge into action, and actualize the aspirations of our clients.
If you are considering undertaking a similar project, you can trust us – a pioneering force in the blockchain industry based in Vietnam. We are here to assist you every step of the way, offering guidance from consultation to execution. Let’s take those initial steps together before achieving significant milestones collaboratively.
We also get a demo for this project if you want to discover further! Don’t hesitate to contact us today!
