Real Estate is the largest asset class in the world, and also one of the most inefficient. Our aim is
to empower the $217+ trillion1 global real estate market with 2017 volume of $1.4 trillion2 to
seek a more transparent and liquid way to invest and trade. ATLANT platform seeks to help
subdivide individual parcels of real estate into tokens, and subsequently PTO (Property Token
Offering) and list them on exchanges, starting with the decentralized ADEX exchange based on
Ethereum smart contracts. Such endeavor would ease transfer of ownership, simplify fractional
holding without minimal constraints, alleviate tax inefficiencies, make cross-border transactions
simple, and eliminate substantial overhead faced in certain jurisdictions due to unnecessary
middlemen. Tokenizing property will allow real estate assets to be uniquely identified via a digital
record that contains information regarding occupancy, physical characteristics, legal status, historical performance, and financial position.
ATLANT platform is being developed as an open source framework with respect to both rental
P2P network and tokenized property of assets, which continues to operate and trade on the
Ethereum network, independent of platform's contributors. ATLANT provides a clean UI, utilizing
EVM contracts under the hood. Additionally, ("ATL") platform tokens may be traded on
centralized digital asset exchanges as well.
Eventual moonshot goal of ATLANT, once government property registers are fully blockchain-
compliant and have distributed ledgers, is to partner with various jurisdictions to make buy and
sell transactions of smaller units feasible with integration into such registers without having to
first place real estate into incorporated SPVs. There are currently multiple blockchain real estate
registry pilot projects already in place specifically in Sweden, Georgia, Ghana, Ukraine, parts of
Japan and USA (Chicago, Delaware), while multiple other jurisdictions are examining blockchain enabled title registries.
Blockchain will entirely reshape the title insurance industry. By registering real estate on a
distributed ledger, blockchain could streamline the manually intensive practice of examining
public records when validating titles in real estate transactions. According to Goldman Sachs
estimates, blockchain driven property records could drive up to $4bn in cost savings due to
reductions in headcount and actuarial risk in the US alone.3
While blockchain technology is still in its infancy, and complete decentralized ledger of global
property is not going to happen overnight, ATLANT plans to take a leading role in all facets of real
estate globally to make this a reality, starting with disrupting the rental market and tokenizing
large real estate assets for trading. Please refer to our timeline below for detailed overview of
our current progress and future goals.
Problem – Buying & Selling Property
Real estate throughout time and to this day remains the greatest source of wealth for most
families, in fact, it is the largest asset class globally. History tells us that more great fortunes have
been made and lost in this asset class than any other. However, despite having a tremendous size
($217tn) and volume ($1.4tn), it remains one of the most inefficient of assets. Over time, various
attempts have been made to make this market more manageable and liquid, nonetheless every
individual or institution which buys and owns real estate faces nontransparent transaction costs,
asymmetric information, property rights opaqueness, variability in taxes, and a host of other
issues.
Efficient Market Hypothesis Theory states that the price of a security at any given time reflects
all of the available pertinent information. While there may be appropriate application for this
theory relative to exchange tradable assets such as stocks and bonds, it is currently inapplicable
relative to real estate. While over the long term pools of real estate might be relatively price-
efficient, purchases of a particular property are often driven by individual circumstances and
done with imperfect information, and limited number of buyers.
Most real estate ownership globally is single ownership, or at most divided between just a few
parties. This creates a problem as rising prices have outpaced consumer income and savings and
have left ability to purchase real estate assets to just a small subset of the population. Further,
high transaction costs and inefficiency in transactions themselves make redistribution of this
market sub-optimal. Frequently, the cost of moving from an overly large house into a smaller one
outweighs the savings and vice versa.
Solution – Buying & Selling Property
ATLANT isthe first decentralized real estate platform, built on top of the Ethereum network. With
rapid rate of adaption of crypto-assets, ATLANT strives to remedy the situation of illiquidity and
opaquenessin the real estate market. ATLANT 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.