On-Chain Operations
Transferring and utilizing property tokens effectively.
Once issued, a property token can be transferred, used as collateral, integrated into compatible applications and protocols, or simply held. Fabrica prioritizes blockchain as the definitive source of truth: ownership transfers occur entirely onchain without traditional deed recordings.
Transfer Types
| Type | Description |
|---|---|
| Direct Transfer | Simple wallet-to-wallet transfer of ownership. |
| Marketplace Sale | Sale via OpenSea, Fabrica marketplace, or other NFT marketplaces. |
| Collateralization | Using the NFT as collateral for DeFi loans (e.g., NFTfi, MetaStreet). |
How Transfers Work
Ownership is legally transferred through onchain token transactions. Token holders have full property rights granted by the property's legal wrapper, as defined in the Operating Agreement. However, the legal wrapper entity remains the recorded owner on county tax rolls.
Key points:
- Transfers happen entirely onchain without traditional deed recordings.
- The holding entity remains the recorded owner at the local jurisdiction level.
- Beneficial ownership follows the token as defined in the Operating Agreement.
- Validators continuously monitor and update confidence scores.
County Notification
Some U.S. counties require notification when the ultimate beneficiary changes without a traditionally recorded deed. In such cases, Fabrica or another authorized validator assists users by notifying counties using jurisdiction-specific forms.
County notification procedures vary significantly across states. For detailed requirements, see the validator guide.
Custody Types
Beneficial ownership depends on how the token is held. See Custody Types in the Property Token reference for details on wallet, multi-sig, and smart contract custody.
Updated 1 day ago