Programming US Real World Assets
Tokenization allows for specific programming of rights. The SEC provides lanes for STOs, ensuring compliance with the Howey Test.
Valuing US Tokenized Property Shares
The fair value accounts for the Liquidity Premium: $$P_{token} = \frac{\sum_{t=1}^{n} \frac{CF_{t}}{(1+r)^t} + \frac{TV}{(1+r)^n}}{S_{total}} \times (1 - d_{l})$$ referencing the OCC for custody. LSI keywords include 'fractionalized title,' 'automated market makers,' and 'DLT.'