Brick by Block:
Navigating the legal landscape of tokenizing real estate.
Blockchain can make a real estate fund’s ownership records faster, cleaner, and easier to audit. What it cannot do is…
Jason Powell
A smart contract can execute a distribution waterfall in seconds. Whether the result is legally correct depends entirely on what…
Jason Powell
The legal architecture of a tokenized real estate deal is built in four layers. Get them aligned, and tokenization delivers…
Jason Powell
Section 3(c)(5)(C) is the exemption real estate sponsors reach for most often — and understand least well. Here is how…
Jason Powell
Federal compliance is the starting point. State Blue Sky law is where sponsors who skip the fine print discover the…
Jason Powell
A token that can move on a blockchain is not a token that can legally trade. The gap between those…
Jason Powell
Custody is the compliance issue that tokenized real estate sponsors consistently underestimate. The pitch for tokenization focuses on speed, accessibility,…
Jason Powell
Here is a compliance problem that comes up constantly in the tokenized real estate space: a platform operator builds what…
Jason Powell
Here is something every real estate sponsor considering tokenization needs to understand from the start: tokenization does not remove your…
Jason Powell
Digital assets do not receive a special carveout from U.S. securities law simply because they use blockchain technology, carry a…
Jason Powell
Real estate tokens are routinely treated as securities under U.S. law because they are sold as fractional investment interests tied…
Jason Powell
Tokenization has created new ways to package and distribute investment interests in real estate, private credit, and other alternative assets….