Lifecycle

What has to happen before a token exists

The company licence is not enough to sell anything. Each property carries its own title registration and its own token approval, and the platform holds the asset invisible to investors until both are on file.

Property side

Governed by the land authority — emirate-specific, indifferent to token design

01Property acquired into a ring-fenced SPVInternal

02Title registered to the SPV in the onshore registerLand department

03Register of record stays with the authority; the chain mirrors itReconciliation

If the mirror and the register ever disagree, the register wins. That reconciliation job is a requirement, not an optimisation.

Token side

Governed by the virtual asset regulator — per token, not per company

04Token submitted for approval with a whitepaper and disclosuresRegulator

05Approval granted, conditioned on whitelisted investors onlyRegulator

06Factory deploys a standard contract from an audited templateOn-chain

07Listing published and opened for subscriptionPlatform

One audited factory template plus one shared compliance registry means a new property is a configuration change, not a new product. That is what keeps security audit costs from multiplying with every listing.

Settlement is in dirhams

The most commonly missed architectural point

Investors fund the account by bank transfer, or convert from a linked wallet into dirhams first. Tokens are released against confirmed fiat settlement. The payment layer is a banking integration, not a cryptocurrency checkout — which changes the reconciliation, the audit trail, and the treasury controls the platform has to carry.