ATLANT is addressing two of the most pertinent problems in real estate with its blockchain platform: Tokenized Ownership and global P2P Rentals.
Tokenized Ownership: Listing of real estate tokens representing shares in individual real estate assets and their liquid trading in a transparent and orderly market with price discovery. Further, this functionality is embedded in a blockchain ATLANT exchange which allows said tokens to be traded with order matching.
P2P Rentals: Significantly reduced fees for both the tenant and lessor & minimized possibility of fake reviews and forged ratings, which plagues existing centralized services such as Airbnb and Booking.
ATLANT offers a full-stack asset tokenization solution containing everything from KYC to primary placements of assets in a tokenized form, to secondary market trading and portfolio management as well as custody of digital assets.
ATLANT strives to remedy the situation of illiquidity and opaqueness in the real estate market and serves as a turnkey solution for listing a real estate asset for trading in a tokenized form in a similar way that stocks are listed on exchanges such as FTSE or DAX, but with substantially improved matching engine, and an optimized post trade process.
Our tokenization platform is self-contained and blockchain-agnostic, meaning we can plug any established blockchain solution capable of running updatable smart contracts, as the platform’s core includes a comprehensive in-house solution for asset token offerings, listings and secondary market trading, as well as a network of ATLANT nodes forming a distributed data-agnostic store of related data.
Tokenized ownership means listing of real estate tokens representing shares in individual real estate assets and their liquid trading in a transparent and orderly market with price discovery.
ATLANT tokenization platform is the all-in-one security tokens solution designed from the ground up for asset tokenization and secondary market trading, allowing for instant clearing and on-demand or optionally instantaneous settlement.
This effectively means that listed security tokens may be settled irrevocably upon client’s request, regardless of whether a client is a broker or a directly onboarded institutional investor. At the same time, trade reconciliation is instantaneous and clearing is fully automatic for any customer class.
The applied benefit of tokenized securities is programmability. This feature reduces costs of issuance and compliance and thus reduces barriers to access public capital markets.
Another feature (still under development) of our platform is P2P rentals. It’s goal is significantly reduced fees for both the tenant and lessor & minimized possibility of fake reviews and forged ratings, which plagues existing centralized services such as Airbnb and Booking.
We estimate that due to optimized post-trade, including automatic clearing, settlement and instantaneous reconciliation procedures, the costs of back-office currently incurred by banks for similar business may be reduced by up to 80-90%.
Blockchain-based asset tokenization makes it possible to create a truly globalized platform for ownership of assets, reducing costs of owning an asset several fold, by completely removing bureaucratic and locally biased procedures which are commonplace today.
Asset token ability to self-custody contribute to lowering total costs in terms of time and money - an accurate figure may be derived by assessing particular tokenization cases, but is significant.
A relatively high-level technical overview of the ATLANT solution may be reviewed here:
Our asset tokenization solution involves utilizing systems of three types: decentralized, distributed and centralized. Combination of these systems and their synergy ultimately form the architecture of ATLANT’s solution.
As stated above, our tokenization platform is self-contained and blockchain-agnostic, meaning that any suitable blockchain solution may be plugged-in instead or in addition to Ethereum, which is being used in ATLANT currently. At present we chose Ethereum, because it is the largest public blockchain on the market with a Turing complete VM designed for running flexible smart contracts.
ATLANT uses a self-created ERC-1462 Security Token standard to streamline and simplify programming of security tokens to be issued and transferred between verified clients. This standard has been accepted as a working draft for security tokens by the Ethereum Foundation: eips.ethereum.org/EIPS/eip-1462.
Tokenholder KYC registry is running on Ethereum as well, and is utilized to satisfy regulatory requirements of token compliance.
The current version of the KYC registry contract may be accessed here: etherscan.io/address/0xd63a77fe246c4a0095796b13c33c15e55fea1f6c.
Stablecoin solution is a platform component which we build working with regulated trust/bank partners for fiat custody. Based on Ethereum, ATLANT stablecoin has been put in place to enable fiat money inflows and outflows to/from the platform. Demo version of the system is available here: stablecoin.atlant-dev.io.
Distributed systems which we use include a network of ATLANT nodes forming a distributed data store (ADDS), based on a modified IPFS solution. Tokenization and property-related data is intended to be stored in ADDS in a distributed way, eliminating single points of failure. ADDS is data-agnostic, meaning any data storage requirements on ATLANT may be satisfied by pushing data into our ADDS, which is linked to other platform components, notably ATLANT microservices. For more information see blog.atlant.io/atlant-announces-successful-testnet-launch-7306b73c46cb.
ATLANT services bind together all the aforementioned platform components and manage their work in all supported business cases. Among others, ATLANT KYC service manages customer personal data centrally for GDPR compliance, and links it to the decentralized address KYC registry as stated above. Fiat and crypto services manage money inflows and outflows, while customer accounts are handled by the Membership service. Persistent storage of service-related data is conducted with a few centralized databases utilizing SQL Server, MongoDB and InfluxDB.
Our main customer facing component is a web application designed for asset tokenization and secondary market trading, which communicates with the ATLANT services backend. You can view its demo on trade.atlant.io, we have also developed an Android application which should be published in Google Play this month.