MC_TA_REMiddel 37

London
November 5, 2019

The unstoppable rise of
digital assets and tokenization

 


In conjunction with DigitalDisruption@BREI

MC_TA_REMiddel 37


London
November 5, 2019

The unstoppable rise of
digital assets and tokenization



In conjunction with DigitalDisruption@BREI

MASTERCLASS TOKENIZING REAL ESTATE – What, Why and How
We’ll explain what tokenization means, how asset owners and investors can benefit, and how the tokenization process works. Tokenization opens up a range of business model opportunities not easily achieved with conventional real estate financing techniques. This Masterclass is the ideal, one-day intensive deep dive to educate professionals to successfully implement a new token initiative as part of their business, project, investment or fund strategy. The modules will deliver essential knowledge on bringing real estate-backed tokens to market in a manner compliant with current regulations in the United Kingdom.

MASTERCLASS TOKENIZING REAL ESTATE – What, Why and How
We’ll explain what tokenization means, how asset owners and investors can benefit, and how the tokenization process works. Tokenization opens up a range of business model opportunities not easily achieved with conventional real estate financing techniques. This Masterclass is the ideal, one-day intensive deep dive to educate professionals to successfully implement a new token initiative as part of their business, project, investment or fund strategy. The modules will deliver essential knowledge on bringing real estate-backed tokens to market in a manner compliant with current regulations in the United Kingdom.

MASTERCLASS PROGRAM

08:30
Coffee and light breakfast

09:00
Introductions between the participants

09:30
Session 1

WHAT DOES IT MEAN TO “TOKENIZE” A REAL ESTATE ASSET?
Real estate asset tokenization is an emerging trend representing the convergence of real estate investment and blockchain technology. Tokenization helps asset or fund owners raise capital more efficiently and gives investors unprecedented access to real estate investment opportunities as well as a high degree of transparency and liquidity. Tokenization describes a fundraise in which investors exchange fiat money or crypto currency for “tokens”. The ownership interest represented by the token dictates the value of the token. In real estate, a token can represent a variety of ownership interests including ownership of a physical asset, an interest in the debt secured by real estate, equity in a legal structure that owns the real estate, or a cash flow stream from the asset. Without becoming too technical, this session also deals with all required tools and modules for creation, issuance, sale, distribution, management, tracking and trade of tokenized properties.

11:00
Coffee Break and DEMO

Security token issuance and exchange platforms will be used to demonstrate how to structure the investment framework for applying blockchain technology to the process of tokenization.

11:30
Session 2

HOW INVESTORS AND OWNERS BENEFIT FROM TOKENIZATION
This session illustrates that there are a lot of opportunities and advantages to tokenization. It removes the middle man, making it easier and cheaper for investors to buy and sell real estate and for owners or developers to raise capital. Investors can trade tokens almost instantly and for a very low fee (similar to stock market trades). For owners, tokenization makes it possible to raise capital without financial intermediaries to underwrite the project. Real estate has historically delivered attractive returns, but it has high barriers to entry because the assets involved are so expensive. Investors in tokenized real estate assets get the best of both worlds: the high returns of real estate investments (even with a very small investment), and the liquidity of the stock market. It’s also important to note that because real estate tokens are backed by real assets, they carry far less risk than cryptocurrencies or ICOs, which are highly volatile and speculative assets. What’s more, stabilization measures can be put in place to ensure the value of the security token does not deviate too far below the underlying net asset value (NAV) of the property.

12.30
Lunch break and DEMO

Security token issuance and exchange platforms will be used to demonstrate how to structure the investment framework for applying blockchain technology to the process of tokenization.

13.30
Session 3

SECURITY AND INVESTOR MANAGEMENT
Asset management and investments have traditionally been quite institutionalized and exclusive, with set rules and methods of how to do things. As tokenizing finds its feet, the technology begins to offer even more ways in which this space can move with the times. For the time being investor knowledge and comfort around the security and innerworkings of tokenization remain hurdles for mainstream adoption. This session will explain how to overcome these hurdles. The transaction process for a real estate asset in the form of token transfers cuts through much of the traditional transaction complexity and has a publicly auditable history. The token is issued on a blockchain, and with that comes the guaranteeing of trust, transparency, immutability, non-corruption of data and non-duplication. In addition, the Masterclass addresses how the tradability and liquidity of the token is arranged on digital secondary markets.

14.30
Session 4

HOW TO REGULATE A TOKEN OFFERING IN THE UNITED KINGDOM
The underlying technology’s evolution pace is by definition ahead of regulatory frameworks. The regulation of the token economy is one of the most conflictive tasks within the Blockchain ecosystem. The Masterclass will not only give an overview of the actual regulatory and legally status of real estate tokens in the United Kingdom, but also of how the Security Exchange Commission in the USA (better known as “SEC”, similar to the FCA in the UK) approaches the issue and in what ways investors are protected against bad practices. Tokens draw upon several existing areas of law, the most obvious that it applies to is securities law. What is the definition of an investment, and what is not considered an investment? Also, what are the rule around soliciting investors, how to handle it, and where to register the offering? Learn about banking regulatory structures like anti-money laundering (AML) and know your customer (KYC).

16:00
Tea break and DEMO

Security token issuance and exchange platforms will be used to demonstrate how to structure the investment framework for applying blockchain technology to the process of tokenization.

16.30
Session 5

TOKENIZED REAL ESTATE CASES
To illustrate how tokenizing can be structured in real estate, this session focuses on providing insights on the various aspects of tokenizing real estate. Participants will actively learn from the different cases in which specific solutions and problems are addressed. Examples are a resort in Colorado, an apartment in New York, a parking garage in Llubjana (Slovenia), a mansion in Paris, a residential building in Wiesbaden (Germany) and an apartment building with restaurant in Baar (Switzerland). However, the list is not exhaustive: use cases for additional activities may arise, notably as a result of consultations with experts will be added over time with the most actual tokenized real estate cases.

17.30
Wrap up, closing and networkdrinks

MASTERCLASS PROGRAM

Meet the presenters

CTO at New AlchemyWalter graduated in Computer Science at the Erasmus University of Rotterdam and as a Researcher he published papers on the relationship between trust and control mechanisms. He co-founded Bondex, a Dutch technology company offering digital bond notes in a fully compliant way. Walter joined Seattle-based New Alchemy as its CTO, overseeing technology and blockchain strategy consulting to the world’s most innovative companies including Deloitte, Microsoft and Bittrex. New Alchemy has been involved in over $3B of tokenization since its launch three years ago.

Walter Thoen

CTO at New Alchemy

Walter graduated in Computer Science at the Erasmus University of Rotterdam and as a Researcher he published papers on the relationship between trust and control mechanisms. He co-founded Bondex, a Dutch technology company offering digital bond notes in a fully compliant way. Walter joined Seattle-based New Alchemy as its CTO, overseeing technology and blockchain strategy consulting to the world’s most innovative companies including Deloitte, Microsoft and Bittrex. New Alchemy has been involved in over $3B of tokenization since its launch three years ago.
Director at Resilience Partners

Founder of Resilience Partners Limited, a blockchain consultancy that specialises in Tokenisation of the Construction Sector and is also a founding director of the Construction Blockchain Consortium at UCL. In February 2019, he was appointed Visiting Professor of Algorithmic Regulation and Dispute Resolution at The Bartlett Faculty of the Built Environment at UCL. He has published academic papers on Algorithmic Dispute Resolution and the Law of Algorithms, and in October 2017 was invited to give evidence to the House of Lords Select Committee on Artificial Intelligence. Jeremy also serves as co chair of DigitalDistruption@BREI.

Jeremy Barnett

Director at Resilience Partners

Founder of Resilience Partners Limited, a blockchain consultancy that specialises in Tokenisation of the Construction Sector and is also a founding director of the Construction Blockchain Consortium at UCL. In February 2019, he was appointed Visiting Professor of Algorithmic Regulation and Dispute Resolution at The Bartlett Faculty of the Built Environment at UCL. He has published academic papers on Algorithmic Dispute Resolution and the Law of Algorithms, and in October 2017 was invited to give evidence to the House of Lords Select Committee on Artificial Intelligence. Jeremy also serves as co chair of DigitalDistruption@BREI.
Partner at CMS London

Charles acts for funds, technology companies, governments and other institutions. He is a leading expert on digital money, the law of payments, artificial intelligence and blockchain technology, giving strategic and technical advice to corporations, financial institutions and regulators. He sits on the Bank of England’s Financial Markets Law Committee on Virtual Currencies and chairs a panel at the Tomorrow’s Transactions (Digital Money) Forum. He has been named in the Blockchain Industry Landscape Overview 2018 as one of the UK’s leading influencers on blockchain.

Charles Kerrigan

Partner at CMS London

Charles acts for funds, technology companies, governments and other institutions. He is a leading expert on digital money, the law of payments, artificial intelligence and blockchain technology, giving strategic and technical advice to corporations, financial institutions and regulators. He sits on the Bank of England’s Financial Markets Law Committee on Virtual Currencies and chairs a panel at the Tomorrow’s Transactions (Digital Money) Forum. He has been named in the Blockchain Industry Landscape Overview 2018 as one of the UK’s leading influencers on blockchain.

Five reasons to attend our masterclass

Education

The Masterclass is developed to educate those in the real estate and investment communities, broadening their horizons and providing information to take forward in their everyday dealings with projects, funding and clients.

Gain valuable insights from industry experts

We bring in external speakers to present, providing an excellent opportunity to gain insight directly from experts in their field.

The answer to disruptive technology is Education

Every sensible expert needs to understand how tokenizing is transforming the real estate and investment industries and adopt an approach to education that is more appropriate to these new technologies and its opportunities.

Network with fellow professionals

With up to 30 people at each Masterclass, we get a nice mix of professionals from near and far attending the sessions. The numbers are deliberately capped at this size in order to promote discussion and engagement in a highly intimate and interactive setting, throughout the day.

Practical demos

We include demos of issuing and exchange platforms to demonstrate examples of how to structure the investment framework and to get a practical foundation of the general technology behind tokenizing existing assets.

WHO SHOULD ATTEND

Whether you need to get up to speed with the latest real estate investment technologies, update your knowledge and evaluate best practice use-cases, or simply be inspired and learn something new, this Masterclass will enable you to be part of the driving force in making Tokenizing of Real Estate a reality in the United Kingdom. 

To be invited: real estate fund managers, real estate developers, institutional investors, retail investors, banks, asset managers, financial institutions, hedge funds, money managers, family offices, real estate service companies.

MASTERCLASS TOKENIZING REAL ESTATE ASSETS
Date: 
November 5, 2019

Time: 08.30 – 17.30
Fees: £ 1495 ex VAT
Includes: Light breakfast, Lunch, Coffee and Drinks
Location: The Bartlett Real Estate Institute, Queen Elizabeth Olympic Park, London E20 3BS, United Kingdom