Developer "Airplane" launches digital tokens for real estate

The development company "Airplane" has launched tokens for real estate to invest in digital square meters. The press service of one of the largest housing developers in Russia announced this at the end of March 2023.

Airplane tokens are sold on the Atomais platform. The group explained the principle of operation of the technology. The property is bought on the opening day of sales. Investors who have previously left an application for the purchase of digital meters on the Aircraft website register on the investment platform website and transfer funds to pay for the digital meters produced.

The cost of digital meters will increase due to the increase in the price of an apartment as the readiness of the object increases

On average, after two and a half years, when construction ends, the property is put into operation and sold. All money received from the sale is distributed to investors.

The cost of digital meters will reportedly increase due to an increase in the price of an apartment as the facility becomes more ready, the residential quarter is filled with infrastructure, as well as due to inflationary processes.

According to the law, transactions related to the sale of newly issued digital financial assets (CFA) can only be made on the information platform on which such CFAs are issued (in this case, Atomais), explained to RBC the mechanism for investing in digital meters by GMT Legal senior lawyer Denis Polyakov. The investor's personal account is also maintained on the Atomais platform. At the same time, the developer can create a personal account for the investor on his own website. In this account, information on the API will be "pulled up," however, in order to make any transaction with the CFA, the investor will still need to go from the LC on the developer's website to Atomais, the lawyer explains.

According to Dmitry Kirillov, a teacher at the Moscow Digital School educational platform, the token does not give the right to a specific square meter in a specific apartment - it is essentially a debt obligation of the token issuer to the token owner investor. The value of the token is tied to the cost per square meter in the property, which the issuer will build with the collected funds, the expert added.^[1]

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