RWAs Assemble: Real Estate Chapter with Coded Estate, Blocksquare, Propy


  • Deitrick, CEO of Coded Estate
  • Seigon, CEO of Coded Estate
  • Dennis Petrovcic, CEO, and Co-founder of Blocksquare

Polytrade: What does Coded Estate do?

Seigon: Coded Estate is homes on-chain and rentals on-chain. It offers tokenization and fractionalization of homes on-chain.

Polytrade: What is Blocksquare?

Dpretrovcic:  Blocksquare offers developed infrastructure specifically built for the tokenization of real estate. We’re built on ethereum.

Polytrade: How does Blockchain really help with Real Estate?

Deitrick: Blockchain helps reduce the entry barriers and increases the speed and convenience of transactions. Also, ownership can become fractionalized, and rental collection can become more seamless.

Dpetrovcic: The number one reason for us is the democratization of access to this asset class.

Polytrade: What should a user look for when they are trying to buy real estate on-chain?

Dpetrovcic: There are 2 essential components to it: Debt and Equity. The user needs to know what rights or portion of rights they are buying and which portion of the ownership.

Shreya: How do you manage the supply and demand?

Deitrick: We pay attention to what the crypto industry needs and what the Real Estate needs and we combine these findings.

Dpetrovcic: It’s always challenging. Supply is in abundance in Real estate more than Demand. Qualitative supply is rarer. The demand side dictates what the premium is in tokenized real estate supply, especially in terms of quality supply.

Polytrade: Can you shed more light on what Coded estate is as a “DEX for Real Estate”?

Deitrick: We mean that all assets will be non-custodial and all properties that can be held on-chain will be. We can do all transactions on-chain with smart contracts and Zero-knowledge proof.

Polytrade: How are your Dynamic NFTs utilized by transactions happening on the platform?

Seigon: You will be able to start minting the Real Estate Asset NFT without the metadata, then you will be able to auto-fill the metadata that reflects the attributes of the Real Estate Asset as is issued off-chained issued directly from the government.

Polytrade: How does the process of breaking down a Real Estate asset into multiple-piece tokens benefit investors and the whole digitalization process?

Dpetrovcic: Real estate has something called a capital stack. We made 100,000 tokens, this way 1000 tokens always represent 1% of the asset’s value which means the smart contract has all the information, 50% is debt and 50% is equity. the holders of 25,000 tokens will receive 25% of economic real estate benefits.

Polytrade: What are the security measures in place to safeguard the assets and the associated tokens?

Dpetrovcic: We wanted to create a legal model that existed before blockchain was born and that can work with blockchain. We wanted to create a legal that is jurisdiction jurisdiction-agnostic as possible. So we started tokenizing real estate that is owned by companies, not individuals. The reason is that we need the stakeholders of the company that owns the real estate to execute a corporate resolution. It’s a standard doc that’s used to change the CEO of the company for instance. In this case, we’ve structured it with the smart contract to perform a transfer of rights and ownership of the assets which means that any profits generated from the commercial activity will be shared amongst token holders in proportion to how many tokens they hold. This means that it’s easy for any lawyer to defend your rights in a court of law.

Polytrade: Coded Estate, what measures are in place for you guys to handle user data and privacy?

Deitrick: We use Zero Knowledge proof. So there is no risk of user data even showing up.

Polytrade: Is there a standardization process that has been employed for these assets?

Dpetrovcic: Yes, we have with our corporate resolution process and insurance of 100,000 ERC20 tokens representing an asset.

Seigon: Standardization will take some time because of the different jurisdictions across countries and even in cities for big countries. 

Polytrade: Have you guys established any partnerships or collaborations within the Tokenized Real Estate space or do you have any plans?

Seigon: Yes, we do. We have some in the pipeline. And we do them to make sure we have premium real estate assets.

Dpetrovcic: We have partners in Panama, Costa Rica, Large institutions, one of the largest banks in Germany, and others. Also, we’re open to more partnerships.

Audience Questions


Listen to the spaces:

Leave a Comment