🏦 Basics of Real Estate Tokenization Contrary to common belief, owning real estate tokens doesn't imply having rights to a specific square meter of the property. Instead, token holders own shares in a Special Purpose Vehicle (#SPV), which owns or has a claim to the real estate. This structure increases flexibility and allows for transactions without making expensive changes in the property register, thereby fostering an active secondary market. 💹 🔗 Establishing a holding company in a jurisdiction where #blockchain-based securities are recognized, which then owns real estate or has a subsidiary, depends on local legislation and double taxation rules. #RealEstate #RWA #DeFi #Stobox #Tokenization