00/Property portfolio
Each asset is held in a single-purpose Delaware vehicle. The FA2 token is the membership interest in that vehicle — not a claim on a claim, and not a synthetic. Own the token, own the percentage of the LLC that owns the building.
01/Current inventory
Figures shown are illustrative of our reporting format. Live subscription terms, offering documents and audited financials are released to verified investors through the portal.
Scottsdale, Arizona
A 5,100 sq ft desert-modern residence on a half-acre lot, held on a five-year corporate lease with annual CPI escalation. Income is distributed quarterly in tez to holders of record.
Contract · KT1Cas…9rQx
Austin, Texas
Ground-floor retail with fourteen floors of office above, 91% leased with a 6.2-year weighted average lease term. The flagship of our commercial programme.
Contract · KT1Mer…4kTd
Seattle, Washington
Forty-two converted warehouse loft units two blocks from the waterfront. Stabilised occupancy of 96% across the last eight quarters.
Contract · KT1Hbr…7mZn
Park City, Utah
A six-bedroom timber lodge operating on the short-term rental market. Seasonal revenue, distributed monthly. Closed to new subscription in Q1.
Contract · KT1Jun…2wLp
Coral Gables, Florida
A recently completed residence in a supply-constrained submarket, acquired below replacement cost and leased to a relocation-services tenant.
Contract · KT1Olv…8bYc
Brooklyn, New York
A former foundry building undergoing conversion to creative office. Currently in diligence; the issuance contract will deploy once the certificate of occupancy is granted. The ground floor is earmarked as the permanent exhibition space for Editions.
Contract · Pending deployment
02/Issuance
Six steps. The first two are conventional real estate and take months. The last four are software and take days — which is precisely the point.
Title search, survey, environmental and structural review. Nothing reaches the chain until the off-chain file would satisfy an institutional lender.
The asset is conveyed into a single-purpose Delaware LLC. The LLC — not the token — holds fee title, which is what makes the arrangement enforceable in a US court.
Membership interests in the SPV are issued as an FA2 token on Tezos. The contract encodes the cap table, transfer restrictions and the distribution waterfall.
An on-chain permission set enforces KYC status and jurisdiction rules at transfer time. A transfer to an unverified address does not fail silently — it does not execute.
Net rental income is converted and paid to holders of record each quarter, executed by contract call rather than by a transfer agent working a spreadsheet.
Holders trade into a compliant secondary venue rather than waiting on a five-year fund lock-up. Settlement is final in roughly fifteen seconds.
03/Compliance
A tokenized security that can be transferred to anyone is not a security offering — it is a lawsuit. Our FA2 contracts carry a permission module that is consulted on every single transfer.
Before any balance moves, the contract checks that both parties hold a current verification credential, that the recipient's jurisdiction is permitted for that specific offering, and that any applicable holding period has elapsed.
A transfer that fails those checks does not settle and then get unwound. It reverts. There is no window in which the register is wrong.
Elsewhere
Editions issues original art on this identical FA2 base, with the compliance module swapped for a royalty one. The games division runs the escrow logic at far lower stakes — which is a much faster way to find out whether a mechanism holds up against strangers.
