RE: Real World Assets: BUIDL Fund Hits $500 Million in 4 Months

You are viewing a single comment's thread from:

RE: Real World Assets: BUIDL Fund Hits $500 Million in 4 Months

thelogicaldude in LeoFinance • 7 months ago

One piece of feedback that I have gotten when talking to others about it is that you cannot remove the trust factor. Tokenization of RWA are great for the fractional part of things, but the purchaser would still have to trust the company is going to be above board. Or not, hell, have you seen the stupid crap people invest in? LOL.

With NFTs you can at least embed or connect it to a PDF contract and using the wallet digital signature of purchase could satisfy the legalese of things. That's what I was doing with the real estate project. But the company would still have to issue dividends to NFT holders manually. It could be set up by smart contracts, but the company would still need to assure the funds were in the wallet.

I get the arguments on those things, and honestly they are valid concerns for tokenizing RWA like real estate. So it's all still a gamble.

7 months ago in LeoFinance by thelogicaldude

0.00 ARCHON

3 votes

Sort:

Trending

[-]

taskmaster4450le 7 months ago

Yeah. There is still the bridge when dealing with real world where the stream of payments is in dollars (or whatever) and not crypto. Hence there has to be the trust to convert and distribute.

0.00 ARCHON

1 vote

[-]

taskmaster4450le 7 months ago

The only option I would think is to fully automate/DAO it where the smart contract wallet receives all payment in crypto then distributes in that currency. Depending upon the asset, this might still be a problem with expenses such as contractors in real estate.

0.00 ARCHON

[-]

thelogicaldude 7 months ago (edited)

Yes, a DAO is really what you need with that kind of thing honestly. I used to work with a DAO platform, but they started requiring you to hold their token and the amount needed keeps increasing, so no more using that platform. I am actually looking for a new solution to that.

I could build it using the tools I have, but it will be sort of a piece mill of different smart contracts that will all work together. But I am pretty savvy at putting puzzle pieces like that together, haha.

0.00 ARCHON

3 votes

[-]

taskmaster4450le 7 months ago

Ah.

So you are the Web3 McGyver (and old enough to know what I am talking about)?

0.00 ARCHON

1 vote

[-]

thelogicaldude 7 months ago

0.00 ARCHON