Post
Topic
Board Tokens (Altcoins)
Re: [ANN] Alt.Estate — Trade Tokenized Real Estate! USA, Japan, EU... [BOUNTYHIVE]
by
Xuthe
on 06/06/2018, 08:59:11 UTC
The buyer gets tokens of the property which represent his ownership of the property, structured via special purpose entity (SPE).
Special Purpose Entity (SPE) here is special company, part of the company or several companies created to own and manage the property on behalf and for the benefit of the property specific token holders and designed to separate and protect assets and liabilities related to this particular property from any other assets and liabilities.