It's tough to grasp that many projects are running their own timeframe and looking at others move quicker can be frustrating, but it's the downfall of access to so much info when in the past others relied on simple quarterly reports and press releases.
Developing the platform understandably takes time. Getting the legal work done and finding real estate to invest in shouldn't take as long. This has nothing to do with "too much" access to information.
I am a cryptofan and have legal background.
Establishing the legal framework for the Token sale is a separate issue from establishing the legal framework for the Real Estate tokenization entity.
It should be easy and fast to do it "wrong". But considering RPP might be securities, and that they are working in a totally new area, I find it normal that it takes a couple of months.
I am very satisfied so far with their progress and transparency. I believe the team is doing the right steps.
I'm not a lawyer, but have been through complex legal processes before. That said, I could be wrong, so please educate me if anything I'm saying is inaccurate.
All they need to do to start the acquisition process is set up legal entities. I have no idea what's required in Singapore, but I assume the actual registration process is pretty simple and most of the work would be related to creating Operating Agreements.
They aren't negotiating terms with another party, so the time it takes should be related to getting proper guidance from their attorneys. That shouldn't take months unless there are problems (which would be concerning). You'd also think they would have at least determined the framework before they started raising money.
The problem is they aren't really saying what's going on...just that they are working on things. If there are no problems and it just takes more time than I think, it shouldn't be very hard to explain that.