Cygnes Real: the first real-estate investment platform to use tokenisation, enabling fast, accessible and low cost fractional ownership of property

Cygnes Real：第一个使用代币化的房地产投资平台，实现快速、可访问且低成本的财产部分所有权

• 批准号: 10019107
• 金额: $ 41.67万
• 依托单位: CYGNES REAL TECHNOLOGIES LTD
• 依托单位国家: 英国
• 项目类别: Collaborative R&D
• 财政年份: 2022
• 资助国家: 英国
• 起止时间: 2022 至 无数据
• 项目状态: 已结题
• 来源: https://gtr.ukri.org/projects?ref=10019107
• 关键词: Cygnes; Real; first; real; estate

Global commercial property investment reached an unprecedented high of $830 billion in 2019\. Property development is traditionally one of the most illiquid asset classes, requiring significant capital commitments and entailing long, expensive transaction processes. Until recently, the concept of fractional ownership had been employed to address this barrier to entry principally in the form of real-estate investment trusts (REITs) in the US. These have enabled investors to acquire a fractional ownership interest in a portfolio of real-estate properties, that have outperformed other major asset classes over the long run (KPMG, 2020). However, the cost of setting up REITs listed on regulated stock exchanges is very high (up to $1m). This requires a significant upfront capital requirement which is especially prohibitive for single property developments. Growing demand from new investors for increased access and from existing investors for greater liquidity gives an impetus to transform the real-estate investment landscape. New technologies are needed to bring greater efficiency, higher security, and lower costs to the financial industry as well as investors.Cygnes Real will complete an 18 month Industrial-Research project in order to develop the first real-estate investment platform to use tokenisation, enabling fast, accessible and low-cost fractional ownership of property, to provide new funding options for UK property developers and UK focused private equity real-estate funds. Cygnes Real will issue/administer security-tokens registered on a leading blockchain to crowdfund property developments. Investors can purchase a tokenised share in a development and trade this digital security on a regulated digital secondary market in the UK. This will facilitate liquidity and open up real-estate investments to a broader range of investors, revolutionising the financial industry. The company will give investors access to carefully selected investment opportunities previously only available to institutional investors, such as top-tier property developments and real-estate private equity funds. In addition to enabling fractional ownership, they can be securely managed as a digital record, automate investor due diligence and compliance protocols, and allow transaction settlements to be completed digitally. These changes will significantly reduce the time and economic costs associated with trading previously illiquid assets, benefiting both asset owners and investors.Cygnes Real will partner/integrate with the first UK regulated digital secondary market (MTF) Archax, facilitating the goal of asset liquidity in the private markets.

2019年全球商业地产投资达到8300亿美元的历史新高。房地产开发传统上是流动性最差的资产类别之一，需要大量的资本投入，并需要漫长而昂贵的交易流程。直到最近，美国主要以房地产投资信托基金（REIT）的形式采用部分所有权的概念来解决这一进入壁垒。这些使投资者能够获得房地产投资组合的部分所有权权益，从长远来看，该投资组合的表现优于其他主要资产类别（毕马威，2020）。然而，设立在受监管证券交易所上市的 REIT 的成本非常高（高达 100 万美元）。这需要大量的前期资本要求，这对于单一房地产开发来说尤其令人望而却步。新投资者对增加准入机会的需求不断增长，现有投资者对更大流动性的需求不断增长，这推动了房地产投资格局的转变。需要新技术来为金融业和投资者带来更高的效率、更高的安全性和更低的成本。Cygnes Real 将完成为期 18 个月的工业研究项目，以开发第一个使用代币化的房地产投资平台，实现快速、便捷且低成本的财产部分所有权，为英国房地产开发商和专注于英国的私募股权房地产基金提供新的融资选择。 Cygnes Real 将发行/管理在领先的区块链上注册的安全代币，以众筹房地产开发。投资者可以购买开发项目的代币化股份，并在英国受监管的数字二级市场上交易该数字证券。这将促进流动性并向更广泛的投资者开放房地产投资，从而彻底改变金融业。该公司将为投资者提供以前仅向机构投资者提供的精心挑选的投资机会，例如顶级房地产开发和房地产私募股权基金。除了实现部分所有权之外，它们还可以作为数字记录进行安全管理，自动执行投资者尽职调查和合规协议，并允许以数字方式完成交易结算。这些变化将显着减少与交易以前非流动性资产相关的时间和经济成本，使资产所有者和投资者受益。Cygnes Real 将与英国第一个受监管的数字二级市场 (MTF) Archax 合作/整合，促进资产流动性的目标私人市场。