2024

This was the year the application moved from displaying property data to supporting full transactions: buying, selling, borrowing, and lending against tokenized land, with the supporting payment, identity, and metadata plumbing.

Lending

• Lending against property tokens went live. Over the course of 2024 the application integrated peer-to-peer lending and then pool-based lending against property tokens. Owners gained the ability to offer or take a loan from a property page, pay it off, refinance it, buy a property with a loan (buy-now-pay-later), and revoke an offer, with loan offers and active loans visible to everyone, including logged-out visitors, and the lending venue recorded in transaction history.
• Loan transparency. Active loans, payoff amounts, origination-fee disclosures, and annual percentage rates were surfaced in the relevant flows, and trust agreement PDFs became downloadable, so a prospective lender or buyer can see the terms and the legal instrument before committing.

Valuation

• Estimated values throughout the application. Estimated property values began appearing on the map and on property cards, with redesigned price tags, and properties whose valuation confidence was too low were removed from cards and the map rather than shown unreliably. A valuation confidence score was surfaced in token traits so the signal travels with the token to any marketplace that reads its metadata.

Payments and onboarding

• Bank rails and stablecoin cash-out. Bank-funded purchase and cash-out flows were integrated through the payment provider, alongside onchain stablecoin transfers out of the application, so a buyer can fund a purchase from a bank account and a seller can take proceeds to a bank or a wallet.
• Profiles and discovery. User profiles gained activity feeds and aggregated holdings, property cards showed sale price and estimated value, identity resolution and avatars were hardened, and on-ramp address lookup was made more reliable.

Property issuance and metadata

• Change-of-ownership workflow. A change-of-ownership workflow was added to the issuance service, along with configurable premints, refreshed email templates, and image and animation generation for property media, so issuing and transferring a property is a supported, repeatable process.
• Richer token metadata. The token's operating agreement trust version, valuation confidence, and lending-related fields such as ongoing loan APR were exposed in metadata for downstream consumers, and the validator address and on-sale validation were made readable as onchain token traits.

Confidence scoring

• Lien and title signals. The valuation confidence scoring system incorporated additional title and lien signals, improving how the published reference data reflects property risk. See Confidence Scoring System for how the score is composed.