Home onChain Tokens
The Tokenization Process
Tokenization is the process to transform a house with conventional title into a token that can be sold and purchased on the blockchain.
To tokenize a house, Roofstock onChain:
Creates an onChain LLC to own the house, and transfers the house title to it.
Mints a new Home onChain Token for each house.
The ownership of the token gives you ownership of the LLC and the underlying home.
Home onChain Tokens
Home onChain tokens are Non-Fungible Tokens (NFTs) on the Ethereum blockchain. They can be traded openly, similarly to other NFTs.
The smart contract used for these transactions has been designed by Roofstock onChain to ensure compliance and a clean title.
Wallet and custody
When you buy a Home onChain the corresponding token will be transferred to your crypto wallet. This gives you full custody and ownership of the token.
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