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By A real estate tokenization platform
Verseprop is a commercial real estate tokenization platform, headquartered in London. It is operational, regulated and revenue producing, having launched in September 2024. It makes real estate debt and equity accessible; faster, more efficiently, and more transparently than traditional Companies.
As regulated platform, Verseprop has already completed its first tokenized real estate credit transaction in the UK and is now starting to integrate into several private real estate companies with the ability to bring scale to the Stellar ecosystem. Existing market coverage includes UK (assets & distribution) and UAE (distribution) with a flexible model to offer equity, debt or hybrid structures.
Please see link to existing UK regulatory permissions and signed LOI with VARA regulated Broker-Dealer. https://drive.google.com/drive/folders/1FX_cwhGrvHG06vtzmymDZA-_btoNdtza?usp=sharing
Our platform offers two distinct services tailored to meet specific client needs:
Service #1 Principal-Led Solution: This model focuses on sourcing, underwriting and distributing tokenized real estate equity and debt opportunities through the Verseprop platform. It gives us the ability to target specific sponsors or schemes, i.e. one-off vs programmatic and is particularly attractive for small, medium sized real estate developers / operators who require credit but cannot access through traditional channels, i.e. banks.
Service #2 White-Label Solution: This is where our technology solution operates under the client's brand, broadening their investor reach and reducing their costs. The solution is flexible and scalable, delivering a fully branded experience while also providing access to VerseProp’s investor network. It addresses regulatory challenges and streamlines processes such as KYC, investor engagement, management, and payments.
Yes
$112.0K
Our Target within 12 months of Mainnet Deployment
Tokenize 30-35 commercial assets on Stellar. Each asset £1-5m.
£100 million in tokenized property assets.
Facilitate c. 500-1,000 primary transactions and an additional 5,000-10,000 transactions for dividend distribution and on-chain management.
Distribute £5 million in dividends and rental yields within 12 months.
Achieve a 70% retention rate with repeat transactions.
Onboard larger-sized assets while maintaining steady transactional growth.
Continue developing partnerships to strengthen distribution networks, enhance credibility, and ensure scalability for future operations adding a minimum of 1 (and possibly 2) locations to support UK and UAE hubs.
Benefits for Stellar Ecosystem:
Firstly, we are able to bring immediate scale to the Stellar and, importantly, a diverse client base using our White Label product. This will not only contribute to increased ledger activity and attract new users and liquidity to the network, but also strengthen Stellar's reputation as a preferred blockchain for RWA tokenization.
Secondly, by having Stellar as one of our strategic blockchain partners, we can help drive attention to XLM as a leader in the real estate sector and further showcase blockchain's scalability with practical, real-world applications. Through this integration, we will bring awareness and an untapped user base to the Stellar ecosystem by engaging with developers, lenders, real estate companies and fund, fostering innovation and driving adoption of Stellar for tokenized assets.
Lastly, we believe the UK is poised to grow in significance as a Digital Asset Hub based on regulatory changes and appetite from government. Our platform is strategically positioned to deliver a market-leading solution tailored specifically to real estate debt and equity, offering unique value to the Stellar ecosystem from domain experts.
Structuring: Start the process of moving asset structures offshore to take advantage of tax benefits and leverage newly emerging tokenization legislation. We currently operate a UK SPV but there is growing demand from international investors for UK based assets. This is being done in collaboration with CMS Law.
Satellite Office: Open satellite office in UAE to support our collaboration agreement and regional expansion. Participating in the Fintech trade mission in Hong Kong to establish distribution in Asia via strategic partnerships, akin to efforts in the UAE. We are currently being assisted by DIFC DIFC | Leading Financial Hub in the MEASA Region and HKinvest InvestHK - Government Department of Foreign Direct Investment | InvestHK
Leverage Existing Network: The primary focus of our Go-To-Market Plan has been our - domain expertise, where we can leverage our existing networks with developers, real estate companies and funds giving us access to high quality assets, deal flow and investors. We also rely on a proven track record, having been one of the first platforms to issued tokenized real estate credit with further case studies to follow for both the Marketplace and White Label service.
Other forms of customer acquisition include Community Building and Education, where we foster engagement with speakerships and educational content on tokenized real estate. We will be speaking at a number of conferences including Rosenblatt, Digital Asset Regulation Summit and a number of private steering groups with real estate companies.
Since our last update, Verseprop has made significant progress in regulatory compliance, product development, and strategic partnerships, positioning itself as a market leader in the real estate tokenization sector.
As referenced in our last submission, Verseprop has now formally signed a broker-dealer LOI to offer compliant and scalable services in the UAE, which will sit alongside its FCA Appointed Representative status in the UK ensuring compliance with regulatory requirements.
Since launching in September 2024, Verseprop has made significant progress in regulatory compliance, product development, and strategic partnerships, positioning itself as a market leader in the real estate tokenization space.
It has already completed a tokenized credit transaction for £240,000 and started to onboard several private real estate companies. In addition, Verseprop’s white-label service empowers real estate businesses to adopt blockchain technology under their branding. Please see link:
nexus.mavryk.org/contract/KT1CUKh4VGXuT1vJqgebNwFJZ3CmBRBb2Hm3
Verseprop’s collaborations with globally recognized organizations ensure our platform remains at the forefront of compliance and innovation. Some examples include:
RICS Technology Partner: Aligning with global real estate standards.
Strata Global: Principal firm overseeing our Verseprop's regulation as an FCA approved Appointed Representative.
VARA UAE: Collaboration with a Dubai-based partner regulated by the Virtual Assets Regulatory Authority.
Amina Bank (ex Seba): On-ramp and off ramping for both individuals and corporates.
CMS Law: Part of the EquIP accelerator programme from one of the world's largest law firms.
The UK property market alone offers substantial potential. The market for tokenized real estate in the UK is still in its early stages but rapidly expanding, driven by the increasing demand for alternative investments, exposure to real estate and blockchain-based solutions. With £1.3 trillion in total UK commercial real estate assets and a growing interest in alternative investments, the potential market size is substantial, especially when the model can be replicated in multiple jurisdictions, which Verseprop intends to do.
Verseprop already has an existing network of private wealth investors (c.75 with the ability to invest £5k up to £5m in a single deal), however where our model is truly compelling is in its integration with existing businesses. This approach allows us to rapidly scale both the volume of assets brought on-chain and the number of users.
We also continue to build our Partnerships through broker-dealer relationships that support our growth ambitions and will be part of a trade mission to Hong Kong later this year, as part of an invite from innovative UK Fintechs.
Our milestones reflect Verseprop's commitment to delivering a compliant, scalable, and innovative platform for real estate tokenization.
Develop Security Token Architecture Using Stellar
Utilize Stellar's built-in asset issuance capabilities to create a digital representation of the security token, reflecting beneficial interests.
Define the token's attributes, including asset code and issuer details, ensuring they align with regulatory requirements.
Incorporate compliance measures such as KYC and AML protocols to meet jurisdictional regulations.
Establish trustlines to enable accounts to hold the security token, ensuring only authorized accounts can interact with the asset.
Implement asset control flags to enforce compliance, requiring issuer approval for accounts to hold the token.
Create comprehensive technical documentation detailing the token's architecture, data flow, and integration points within Stellar network.
Develop architecture diagrams to visually represent the system's components and their interactions.
Completion Measure: Comprehensive technical design document outlining the security token architecture.
Estimated Date of Completion: 2 months from funding award
Budget: $22,340
Develop Security Token Smart Contract for Implementation
Develop the application using Stellar SDKs. For advanced programmable logic use Soroban to implement custom functionalities
Conduct unit testing to ensure code quality and functionality.
Completion Measure: Fully implemented and tested security token.
Estimated Date of Completion: 3 months from funding award.
Budget: $13,670
Develop User Interface
Design and implement a user-friendly interface for issuing and managing tokens.
Integrate functionalities for monitoring token performance and compliance status.
Ensure secure access and data protection within the interface.
Completion Measure: Intuitive user interface for security token management
Estimated Date of Completion: 4 months from funding award.
Budget: $27,340
Conduct Security Audits and Testing for Implementation:
Engage third-party security experts to perform comprehensive audits.
Conduct penetration testing to identify and mitigate potential vulnerabilities.
Implement necessary fixes and optimizations based on audit findings.
Completion Measure: Security audit reports and a fully secured, optimized token security.
Estimated Date of Completion: 6 months from funding award.
Budget: $35,000
Mainnet Deployment, Security, and Compliance Features
Deploy security tokens on the Stellar mainnet.
Ensure the platform adheres to multi-jurisdictional legal and financial standards.
Completion Measure: Live platform on the mainnet with smart contracts, cross-border payments, and security measures offering access to tokenized real estate debt and equity opportunities.
Estimated Date of Completion: 7 months from funding award.
Budget: $13,670
Verseprop has a highly experienced operational team that was backed at Seed stage by some of the UK’s most respected real estate investors.
Its Founder, Joel Coren, has decades of global real estate experience, leading successful teams in Europe and North America for two of the largest real estate advisory businesses globally; CBRE and Savills PLC, where he also sat on the Executive Board.
Our CTO, Tugii Baigalmaa, is a blockchain expert and holds a Masters degree in Computer Science from Georgia Tech University. He has built software solutions for both government projects and commercial businesses. He specialises in producing high-quality code for smart contracts and system protocols. He has a reputation for driving high standards of implementation for both the front and backend infrastructure.
Our Head of Partnerships is a 30 year banking veteran who has worked across TradFi and the digital asset sector and is responsible for partnerships.
Our COO has over 20 years experience in the asset management industry. He specialises in investment strategy and product design for sophisticated investors, covering both traditional and alternative asset classes, across multiple jurisdictions. He is also FCA regulated. He is currently on Gardening Leave and will be joining the Company in February.
VERSEPROP
By A real estate tokenization platform
A real estate tokenization platform.
By A real estate tokenization platform
A real estate tokenization platform that is FCA approved and regulated.