The condominium offers a variety of common spaces, including a party room, barbecue area, children’s playground, campfire area, and sports court.
With a TRIPLE A certificate for transactions from SolidProof (a German company specialized in blockchain security) and approval from the CVM, Ribus announced the first tokenized timeshare condominium.
The pioneering venture in the real estate tokenization market, called Vivaverde, is located in Itaipava, a mountainous region of Rio de Janeiro. It was developed based on the company’s core premises that include the democratization of access to the real estate market and the reduction of bureaucracy in blockchain transactions, which also expands marketing possibilities.
The First Steps Are Being Taken in Brazil
Based on the great potential of crypto assets and the global real estate market, Kodo Assets offers a new way to invest in tokenized properties for the world’s major cities. The first property is the SulAmérica building, a modern, sophisticated office building in a strategic area of São Paulo. In addition to having LEEDS (Leadership in Energy and Environmental Design) certification, the corporate tower is located in the largest financial center in Latin America, in the Pinheiros neighborhood, and is leased to the insurance giant until the end of 2025.
Brazil: What Does the First Condominium of Tokenized Houses Consist of?
The project has high standard residences in the development phase, with options for single-story houses with 3 or 4 suites. Each unit is equipped with a gourmet area, garden and a private heated pool.
In addition, it has a complete technical infrastructure, a guardhouse with 24-hour security, parking spaces for visitors and “paid use” services that provide various amenities.
The general director of Ribus, Marcelo Magalhães, detailed the project as follows:
“Viverde was inspired by the unforgettable moments we treasure; This is the experience we want to offer. A place to collect moments. In addition, it is located in a natural area with several outdoor leisure possibilities, which is important to take care of mental health on busy days.”
How Tokenized Timeshare Will Work in Brazil
This concept of including luxury homes in condominiums is not new, but the tokenization of multiple properties is. Viverde will have options to buy the entire house or in the innovative form of Tokenized Timeshare, the first in Brazil, says Ribus.
Each buyer will be able to purchase 1 month of use per year, optimizing condominium and operating costs, providing greater accessibility, where each timeshare share will have its own RGI, that is, with its own registration number. In addition, the condominium will have services such as concierge, concierge, maid and other facilities, to improve the living experience.
Another benefit of the location is that the project will reuse rainwater, be solar powered and promises sustainable construction.
Token Ribus and its Multi-ownership Tokenization in Brazil
Ribus was the first in the sector in Brazil to develop the first token created exclusively for the real estate market. The goal is to provide access to specific services or products sold on platforms within the Ribus ecosystem. The appreciation of Ribus is not linked to the adoption of the Token, since a significant part of the capital invested by the token holders is allocated to real estate operations.
Consequently, half of the profits are allocated to the market, while the other part is reinvested internally by the company, through the token buyback and burn process. The method not only creates scarcity but also acts as an effective mechanism to prevent token devaluation.
By Leonardo Perez
