CondoFi

Tokenized Real World Assets (RWAs) have the potential to revolutionize investment portfolios by introducing physical, yield-generating assets into the digital landscape. Condefi builds on this vision, offering a permissionless, composable RWA tokenization stack. We’re starting with condotel units, a well-established asset model ripe for innovation, and create this RWA stack hands on and making real estate investments as seamless and efficient as possible.

Condefi provides an end-to-end experience for investors and real estate developers: from crowdfunding capital and acquiring assets to tokenizing ownership, enabling secondary market trading, and automating revenue and profit distribution. Unlike tokenizing virtual assets, which rely on oracles, our platform anchors real, yield-producing assets directly on-chain, offering investors a tangible and profitable asset class.

Why Condefi Stands Out: • Real Yield, Real Assets: We focus on tokenizing physical assets like condotel units that generate actual yield, providing a more robust and reliable investment compared to purely virtual tokenized assets. • Broad Market Appeal: We cater to existing real estate crowdfunding users while attracting crypto-native and DeFi enthusiasts. Our tokens are designed for full composability, seamlessly integrating into the wider DeFi ecosystem, from indexes and baskets to diverse investment portfolios. • Open Market Accessibility: By lowering the cost of transparency, Condefi opens up real estate crowdfunding to smaller promoters and developers. Our marketplace’s permissionless, open nature democratizes access to condotel revenue streams, making investment opportunities more inclusive.

• Real-Time Compliance and UX: Built on Kinto’s KYC chain, Condefi ensures real-time updates on token ownership while maintaining regulatory compliance. Web3Auth integration simplifies the user experience, enabling sign-ups with familiar email accounts or preferred Web3 providers and offering gas-free transactions via our Paymaster integration.

1. Crowdfunding Platform:

• Crowdfunding Contracts: We developed specialized Solidity contracts for managing the fundraising process, including capital collection, project milestones, and token distribution. These contracts ensure transparent and efficient capital allocation. • Frontend Interface: The crowdfunding platform is also built using Next.js, ensuring a fast and intuitive user experience for exploring and participating in investment opportunities. • User Authentication: We used Web3Auth to streamline the sign-in process, offering multiple authentication methods, including email and Web3 wallets. The integration of Web3Auth’s account abstraction technology simplifies wallet management, making it user-friendly even for those unfamiliar with Web3. • Account Abstraction: Through Web3Auth Account Abstraction, users can interact with the platform seamlessly without worrying about managing complex wallet keys or paying for gas, further lowering the entry barrier.

1. Marketplace Platform:

• Frontend Framework: We utilized Next.js to create a high-performance and user-friendly interface. This choice allowed us to deliver fast page loads, optimized SEO, and a smooth user experience for browsing and trading tokenized assets. • Smart Contracts: Written in Solidity, our marketplace contracts manage the buying, selling, and trading of fractionalized real estate tokens. These contracts are responsible for ensuring secure and trustless transactions on-chain. • Identity and Compliance: We integrated KintoID using the Kinto Web SDK for seamless KYC and identity verification. This allows us to maintain regulatory compliance while providing real-time ownership updates. • Gasless Transactions: By incorporating the Kinto Paymaster, we were able to offer gas-free transactions. This feature greatly enhances the user experience, making blockchain interactions simple and accessible, especially for non-crypto-native users.

1. Tokenization Process:

• Frontend Tokenization: Built with Next.js, the tokenization interface guides users through the fractional ownership process, ensuring a straightforward and transparent experience. • Smart Contracts: Solidity contracts handle the asset tokenization, creating secure and traceable digital representations of physical condotel units. These contracts facilitate everything from initial token issuance to secondary market trading. • Attestation and Proof of Ownership: We implemented TLS Notary for secure attestation, ensuring that tokenized asset ownership and related data are verifiable and tamper-proof. This provides an added layer of trust and transparency for all stakeholders.

Partner Technologies and Their Impact:

• KintoID & Kinto Web SDK: These technologies simplify compliance and KYC requirements, allowing for real-time ownership updates and regulatory alignment. • Kinto Paymaster: Enables gasless transactions, removing one of the biggest obstacles for new users and making interactions feel as seamless as traditional web applications. • Web3Auth: Greatly enhances user onboarding by providing a familiar and simplified authentication flow, which is crucial for mass adoption.

Condefi’s innovative tech stack leverages these modern frameworks and blockchain integrations to create a comprehensive, efficient, and user-friendly platform for real estate tokenization. Our combination of Solidity contracts, Next.js frontends, and advanced identity management solutions positions us at the forefront of Web3-enabled real estate investing.