Last updated 5 months ago
Real estate is costly, slow, and illiquid, blocking small investors. Existing tokenization lacks compliance or global access, leaving a gap for a secure, Cardano-based real estate solution.
Partnering with Vierci Development, we’ll build a Cardano-based platform for high-yield RWA real estate tokenization, enabling fractional ownership with integrated KYC/AML and smart contracts.
This is the total amount allocated to Real Estate Tokenization Powered by Cardano.
Please provide your proposal title
Real Estate Tokenization Powered by Cardano
Enter the amount of funding you are requesting in ADA
250000
Please specify how many months you expect your project to last
12
Please indicate if your proposal has been auto-translated
No
Original Language
en
What is the problem you want to solve?
Real estate is costly, slow, and illiquid, blocking small investors. Existing tokenization lacks compliance or global access, leaving a gap for a secure, Cardano-based real estate solution.
Supporting links
Does your project have any dependencies on other organizations, technical or otherwise?
No
Describe any dependencies or write 'No dependencies'
'No dependencies'
Will your project's outputs be fully open source?
Yes
License and Additional Information
Yes. The project will be fully open sourced under the MIT License, including all smart contracts, tokenization logic, and non-proprietary platform components. This ensures transparency, fosters community collaboration, and enables third parties to audit, contribute, and build upon the solution. Proprietary integrations, if any, will be documented with open APIs to maintain interoperability, supporting long-term growth of Cardano’s high-yield RWA ecosystem.
Please choose the most relevant theme and tag related to the outcomes of your proposal
Tokenization
Describe your established collaborations.
Vierci Development, a leading Paraguayan real estate developer, is our design partner and first client, providing market insights, property data, and operational requirements. With a projected 2025 VGV of $20M, their portfolio will anchor our high-yield RWA offerings. Our development team will deliver the Cardano-based platform, smart contracts, and KYC/AML integration. This established collaboration includes prior meetings to align needs, confirm participation, and integrate Vierci projects at launch.
Describe funding commitments.
No external financial or in-kind contributors are involved in this proposal. All resources required for development, legal compliance, and full launch will be fully funded through the project’s requested budget.
Describe your key performance metrics.
At launch, we project 3,000 token sales, with a minimum of ₳150K in tokenized real estate and the potential to scale to millions in real estate and land assets. The platform applies a 3% transaction fee and a 5% profit share model, targeting ₳8K–₳10K returned to the Cardano Treasury in year one. These KPIs directly measure adoption, revenue, and ecosystem impact, validating the platform’s capacity to grow Cardano’s high-yield RWA sector over time.
Please describe your proposed solution and how it addresses the problem
Overview
System Architecture: https://drive.google.com/file/d/1bWrhkXogUFhAsph2rfwzfALr6_VQdvv3/view?usp=sharing
This proposal outlines the development and launch of a full-scale Cardano-based tokenization platform in partnership with Vierci Development, one of Paraguay’s most prominent real estate developers. The platform will enable secure, compliant tokenization of high-yield real estate assets and other RWAs such as land, allowing fractional ownership, integrated KYC/AML, and smart contract-based automation.
About Vierci Development
Vierci Development is part of the Vierci family’s multinational conglomerate, active in eight countries. In Paraguay, it is the largest private employer, with over 17,000 direct employees and an indirect economic impact on more than 50,000 families.
The Vierci group’s activities span:
Retail
Media
Manufacturing
Distribution
Real Estate
Agribusiness
Vierci Development’s real estate portfolio includes luxury high-rises, mid-range towers, and large-scale gated communities in strategic cities including Asunción, Ciudad del Este, Encarnación, and Pedro Juan Caballero.
For 2025, Vierci Development projects a General Sales Value (VGV) of USD 20 million, forming the baseline for our initial high-yield RWA onboarding.
Platform Features & Technical Approach
Converts property shares into Cardano-native tokens.
Supports fractional ownership with low minimum entry points.
Fully compliant with securities regulations in Paraguay and expansion markets.
Integrated global identity verification.
FATF-compliant anti-money laundering processes.
Automates token issuance, transfer restrictions, and dividend/profit distribution.
Includes governance modules for investor voting on asset decisions.
React for web, Flutter for mobile.
Secure wallet integration for ADA and stablecoins.
Real-time portfolio tracking and transaction history.
3% transaction fee on all token sales.
5% profit share on tokenized asset earnings.
₳8K–₳10K returned to the Cardano Treasury in the first year.
Initial onboarding: ₳150K worth of Vierci real estate post-launch.
Growth potential: millions in tokenized real estate and land assets in 3–5 years.
Adaptable framework for other high-yield assets (agriculture, commercial property, infrastructure).
Technical Architecture Diagram (Description)
Layers:
User Layer: Investors access via Web (React) and Mobile (Flutter).
Application Layer: Investor Portal connects to Compliance Layer (KYC/AML) and Tokenization Engine.
Blockchain Layer: Aiken-based smart contracts execute on the Cardano blockchain, handling asset registration, token transfers, and profit distribution.
Data Flow:
Investor registers → KYC/AML check → Compliance Database (encrypted).
Token purchase request → Tokenization Engine → Smart Contract execution.
Transactions recorded on Cardano blockchain.
Revenue Flow Diagram (Description)
Investors purchase tokens using ADA or stablecoins.
Platform collects funds, sending 97% to the property owner (Vierci Development).
Platform allocates 3% transaction fee + 5% profit share to the Cardano Treasury.
Operational Flow
Property Onboarding – Vierci Development provides project data, valuations, and compliance documents.
Token Creation – Mint Cardano-native tokens representing fractional ownership.
Investor Verification – KYC/AML checks before allowing token purchases.
Token Sale & Distribution – Tokens sold to verified investors.
Ongoing Management – Smart contracts manage profit sharing, governance, and ownership records.
Why Vierci Development is the Ideal Partner
Scale & Credibility: Largest private employer in Paraguay, diversified multinational footprint.
Portfolio Strength: Multiple projects across high-demand real estate sectors.
Brand Trust: Well-recognized name in Paraguay and the region.
Market Access: Immediate entry into high-value projects with proven demand.
Conclusion
By combining the market reach and operational strength of Vierci Development with Cardano’s blockchain capabilities, this project will:
Democratize access to high-yield real estate investments.
Generate sustainable, measurable revenue for the Cardano ecosystem.
Scale RWA adoption in Latin America and beyond.
This is not an MVP — it is a full product launch with immediate asset onboarding, a clear revenue model, and long-term scalability.
Reference Images:
https://drive.google.com/file/d/15MBmcFz4bgkS0PzpQc6vfBIZt_FkOmAr/view?usp=sharing
https://drive.google.com/file/d/1voJJNElBPc1c60hS3iYxQDiVsKn94iwI/view?usp=sharing
Please define the positive impact your project will have on the wider Cardano community
Mintly will transform Paraguay’s real estate market by enabling secure, compliant tokenization of high-yield property assets on the Cardano blockchain. At launch, we are partnering with Vierci Development, a subsidiary of Paraguay’s largest private employer, the Vierci family conglomerate, which directly employs over 17,000 people and indirectly supports more than 50,000 families across multiple industries. Vierci Development’s portfolio includes luxury high-rises, mid-market apartments, and large-scale gated communities in Asunción, Ciudad del Este, Encarnación, and other high-demand locations. This partnership ensures our launch portfolio consists of institutional-grade real estate backed by a developer with decades of experience and strong market demand.
Economically, Mintly will democratize access to premium real estate by allowing fractional ownership, enabling both local and international investors to participate without the traditional high capital barriers. Investor capital will flow directly into development projects, sustaining local jobs in construction, materials, logistics, and services, while generating secondary economic activity through local procurement. Integrated KYC/AML verification ensures compliance with both Paraguayan regulations and FATF-aligned international standards, making cross-border investment safe and accessible.
For the Cardano ecosystem, every property token mint, sale, and burn will be recorded on-chain, driving daily transaction growth. Using ADA and USDM for payments increases Cardano’s role in real-world settlement. Our launch will onboard at least ₳150,000 in tokenized real estate, with a three-year goal of reaching several million ADA equivalent in assets. Mintly applies a 3% transaction fee and a 5% profit share, returning ₳8,000–₳10,000 to the Cardano Treasury in the first year, with proportional growth as the platform scales.
While the initial focus is real estate, Mintly’s modular and compliance-ready architecture is built to expand into other high-yield real-world assets such as cattle feedlots, beehive operations, mining, and farmland leases without needing to rebuild the core system. Our launch goals include onboarding three to five properties, verifying at least 300 investors, and processing ₳200,000–₳500,000 in ADA and USDM transactions within the first year. Within three years, we aim to have more than 25 properties onboarded, over 2,000 verified investors, and annual Treasury contributions exceeding ₳50,000.
What is your capability to deliver your project with high levels of trust and accountability? How do you intend to validate if your approach is feasible?
Our team’s combined expertise in real estate development, blockchain technology, legal compliance, and governance leadership positions us to deliver a high-trust, transparent, and innovative Real-World Asset (RWA) tokenization platform for the Paraguayan property market. This project will launch with institutional-grade assets through Vierci Development, Paraguay’s largest private employer, creating immediate credibility and market demand.
Jose Velazquez (Project Lead & Strategic Management)
Jose is a Fund 7, Fund 8, and Fund 12 proposer, founder of the Bolivia Community Hub, and co-founder of the Paraguay Community Hub. His leadership in decentralized community building extends to hosting Cardano constitutional workshops in Ecuador, Paraguay, and Bolivia. Jose’s direct experience in property investment and real estate development in Paraguay gives him practical insight into market conditions, investor expectations, and compliance challenges. His governance expertise will shape a transparent, investor-aligned tokenization model, while his candidacy for the Intersect Civics and Budget Committees reflects his ongoing commitment to accountability and community-led decision-making.
David Tacuri (Lead Developer & Aiken Smart Contract Expert)
David is co-founder of the Bolivia Community Hub, a host of Ecuador’s constitutional workshop, and a veteran proposer in Fund 7, Fund 11, and Fund 12. His deep expertise in Aiken smart contracts enables secure, automated distribution of rental income, sale proceeds, and other real estate-derived profits. David’s approach integrates governance modules directly into the platform’s core, allowing token holders to vote on key property management and asset sale decisions. This ensures that investors retain meaningful influence over the real estate they help fund.
Roberto Cerrud (Blockchain Lead Developer)
With 18 years of development experience and 25 years in technical support, Roberto is a Plutus Pioneer and seasoned Haskell educator. He will architect the blockchain infrastructure for secure token issuance, property ownership tracking, and lifecycle management. His focus on security and scalability will ensure that high-value assets—whether apartments, commercial buildings, or mixed-use developments—are transacted and managed transparently on-chain.
Nestor Rodriguez (Paraguayan Legal Expert)
Nestor’s established relationships within Paraguay’s legal and governmental sectors make him essential for compliance. He will oversee the creation of a legally enforceable framework for tokenized property ownership that protects investor rights. Nestor will work directly with regulators to establish precedent for blockchain-based property transactions, paving the way for broader acceptance and growth of tokenized real estate in the country.
Fernando Yánez (Software Engineer & Lead Full Stack Developer)
Fernando’s background in building transparent and secure software systems, including electoral platforms, will ensure a seamless and tamper-proof investor experience. He will design the user portal where investors can monitor their property holdings, track income distributions, and participate in governance securely. His project management expertise will keep development on time and aligned with compliance requirements.
Milestone Title
Milestone 1: Legal Framework & Compliance Setup
Milestone Outputs
Outputs:
Draft complete the legal framework for real estate tokenization in Paraguay, ensuring its compliance with property, securities, and AML laws, enabling future expansion into other asset types.
Acceptance Criteria
Acceptance Criteria:
Legal documentation reviewed by Paraguayan notaries and property registrars. Regulatory compliance confirmed for token issuance and trading platform operations within national and potential regional frameworks.
Evidence of Completion
Evidence of Completion:
Signed legal opinion from licensed lawyers, notarized compliance reports, and official approval from relevant authorities confirming legality of tokenization platform and its operational model.
Delivery Month
3
Cost
75000
Progress
20 %
Milestone Title
Milestone 2 – Technical Architecture & Smart Contract Development
Milestone Outputs
Outputs:
Develop the technical architecture, Aiken smart contracts for minting, burning, and transfers of tokenized real estate assets with profit distribution logic and on-chain compliance checks.
Acceptance Criteria
Acceptance Criteria:
Fully functional smart contracts deployed to testnet with successful property token mint/burn, transfer functionality, fee handling, and automated profit-sharing aligned with business model parameters.
Evidence of Completion
Evidence of Completion:
GitHub repository containing smart contract code, successful testnet transaction hashes, deployment scripts, and test result logs confirming system performance and compliance.
Delivery Month
6
Cost
75000
Progress
50 %
Milestone Title
Milestone 3 – Platform Frontend & Reeve Transparency Integration
Milestone Outputs
Outputs:
Build the web platform with Cardano wallet integrations, token marketplaces with mint-hold-burn cyles and APYs, and Reeve-powered transparency dashboard showing token sales, fees, and treasury returns in real time.
Acceptance Criteria
Acceptance Criteria:
Platform accessible via secure HTTPS domain with all main user flows functional: wallet connect, token purchase, resale, transparency dashboard with live financial metrics, and transaction logs.
Evidence of Completion
Evidence of Completion:
Public website URL, screen recordings of all flows, live dashboard link showing actual test transactions and transparency features, verified by independent reviewer for accuracy.
Delivery Month
9
Cost
75000
Progress
70 %
Milestone Title
Milestone 4 – Pilot Token Sale & Market Onboarding
Milestone Outputs
Outputs:
Execute pilot sale of 3,000 tokens representing at least $150,000 of real estate. Onboard initial users, investors, and agencies. Generate first year’s treasury return of a value between $8,000–$10,000.
Acceptance Criteria
Acceptance Criteria:
At least 3,000 tokens sold, $150,000+ assets tokenized, marketplace liquidity established, and measurable fee revenue generated per 3% structure with profit share to Cardano treasury.
Evidence of Completion
Evidence of Completion:
On-chain transaction logs of token sales, financial statements showing revenue and fee breakdown, and treasury wallet transaction proofs for initial returns.
Delivery Month
11
Cost
12500
Progress
90 %
Milestone Title
Milestone 5 – Close-Out Report & Video Presentation
Milestone Outputs
Outputs:
Publish a detailed close-out report and professional video summarizing project achievements in the 12 month period, success metrics, project challenges, and future roadmap for asset expansion and scale-up.
Acceptance Criteria
Acceptance Criteria:
The close-out report and video cover all KPIs, treasury returns, adoption rates, asset tokenization data, and market impact. Both are publicly accessible with verifiable data sources.
Evidence of Completion
Evidence of Completion:
PDF report link, MP4 video link hosted on public platform, confirmation of availability on project website, and acknowledgement from funding body of satisfactory delivery.
Delivery Month
12
Cost
12500
Progress
100 %
Please provide a cost breakdown of the proposed work and resources
Budget Breakdown – 250,000 ADA
Smart Contract Development – 65,000 ADA (24%)
Scope: Aiken-based tokenization contracts with dividend logic, asset transfer restrictions, and compliance rules.
Details: Includes minting/burning logic, NFT deeds, fee distribution (3% platform fee, 5% profit share), and Cardano wallet connector integration.
Tools & Infra: Aiken, Plutus testing framework, Cardano-node testnet/mainnet environments.
Backend Development & APIs – 50,000 ADA (20%)
Scope: Node.js backend for transaction orchestration, user management, KYC/AML API calls, property listing APIs.
Details: Secure API endpoints for minting, sales, and dividend payouts.
Tools & Infra: AWS EC2 for backend hosting, Docker for containerization, PostgreSQL for metadata storage, Blockfrost API for blockchain queries.
Frontend Web Platform – 45,000 ADA (18%)
Scope: React-based property token marketplace with integrated wallet support (Nami, Eternl, Lace).
Details: Includes listing pages, buy/sell flow, staking dashboard for profit distribution, mobile responsiveness.
Tools & Infra: React.js, Next.js, TailwindCSS, AWS CloudFront CDN, Google reCAPTCHA for fraud prevention.
Identity Verification (KYC/KYB) – 20,000 ADA (8%)
Scope: Regulatory compliance integrations for both retail and institutional buyers.
Details: Automated onboarding pipeline via Sumsub or Veriff API; storage of verification results in encrypted DB.
Tools & Infra: Veriff API/Sumsub API, AWS Secrets Manager for API keys.
Legal Framework & Compliance – 30,000 ADA (12%)
Scope: Paraguay legal registration, contract drafting, securities compliance for real estate tokenization.
Details: Includes Vierci partnership agreements, risk disclosures, profit-sharing contracts.
Tools & Infra: Legal management software, encrypted document storage (AWS S3).
Infrastructure & Hosting – 15,000 ADA (6%)
Scope: Scalable, secure hosting for mainnet operations.
Details: AWS EC2 reserved instances, AWS S3 storage, CloudFront CDN, AWS WAF for security.
Tools & Infra: AWS, Cloudflare for DNS and DDoS protection, Postgres DB hosting on RDS.
Marketing & Launch – 15,000 ADA (6%)
Scope: Launch events, PR campaigns, educational webinars targeting Paraguay and regional investors.
Details: Vierci Media Network advertising, bilingual content, Cardano community AMAs.
Tools & Infra: Adobe Creative Suite for visuals, StreamYard/Zoom for events.
Contingency – 12,500 ADA (5%)
Scope: Covers unforeseen costs in tech, legal, or compliance.
Details: Limited to essential needs with Budget Committee oversight.
How does the cost of the project represent value for the Cardano ecosystem?
This proposal delivers exceptional value for money by allocating 58% of the budget directly to technical development and infrastructure, ensuring the core platform is delivered to enterprise-grade standards. All custom code, smart contracts, APIs, and integration modules will be released under an open-source license, allowing the Cardano community to inspect, reuse, and extend the solution without paying licensing fees.
The platform is designed to be scalable and modular, so the same open-source infrastructure can be adapted for other real-world asset classes with minimal additional investment. Legal and compliance costs are front-loaded to eliminate regulatory risks and position the platform for cross-border investor participation, creating a foundation for global adoption.
Marketing and outreach resources are focused on high ROI channels — including partnerships with established real estate agencies and blockchain networks — to accelerate adoption and generate revenue. Every ADA spent is tied to a measurable deliverable, from live smart contracts deployed on Cardano mainnet to public repositories with full documentation.
By aligning with industry-standard cost ratios, leveraging open-source components, and ensuring all deliverables are community-accessible, the project minimizes waste while maximizing transparency, ecosystem reusability, and long-term sustainability. The result is a legally compliant, technically robust, and fully open-source platform capable of generating transaction fees, fostering secondary market activity, and providing lasting value to the Cardano ecosystem.
Terms and Conditions:
Yes
Our Project Team – Real Estate Tokenization
Our project team consists of highly experienced individuals with diverse skill sets across blockchain development, legal expertise, project management, and community engagement. We are uniquely positioned to deliver a compliant, secure, and investor-focused real estate tokenization platform on Cardano, launching with high-value assets from leading Paraguayan developers such as Vierci Development. Below is a detailed list of the key team members and their roles within this project:
Jose Velazquez – Project Lead & Governance Advisor
LinkedIn: https://www.linkedin.com/in/jose-velazquez-809665186/
Role: Jose oversees the overall project management, coordinating between the legal, technical, and business teams to ensure timely delivery of project milestones. His governance experience ensures our real estate tokenization model aligns with investor protection and regulatory frameworks.
Experience:
Fund 7, Fund 8, and Fund 12 Catalyst proposer.
Co-host of the Ecuador and Paraguay Constitutional Workshops, host of Bolivia Constitutional Workshop.
Candidate for the Intersect Civics Committee and Budget Committee.
Experienced in property investment in Paraguay, with direct market insights.
Elected Delegate for the Argentine Constitutional Convention.
David Tacuri – Lead Developer & Smart Contract Engineer
LinkedIn: https://www.linkedin.com/in/david-patricio-tacuri-lema-256a08b1/
GitHub: https://github.com/orgs/democracyonchain/repositories
Role: David leads technical development, creating Aiken smart contracts to automate real estate profit distributions (rental income, sale proceeds) and integrating the investor web portal with NMKR for property token minting. He also manages smart contract audits for security and compliance.
Experience:
Fund 7, Fund 11, and Fund 12 Catalyst proposer.
Expert in Aiken smart contracts and decentralized governance integration.
Co-host of Bolivia Constitutional Workshop, host of Ecuador Constitutional Workshop.
Candidate for the Intersect Membership & Community Committee and Civics Committee.
Elected Delegate for the Argentine Constitutional Convention.
Nestor Rodriguez – Legal Advisor
Role: Nestor ensures the tokenization process fully complies with Paraguayan real estate law, drafting and securing approval for all legal documentation related to property tokenization. His direct relationships with local authorities will facilitate regulatory approvals and legal structuring.
Credentials: http://csj.im/1BPZD (QR code verification: https://drive.google.com/file/d/1oQIwrZrs7duEsTXciCXunU2_vAP2JBRg/view))
Experience:
Registered lawyer in Paraguay with extensive experience in property law and commercial transactions.
Well-connected in legal and governmental sectors, ensuring smooth navigation of real estate compliance processes.
Roberto Cerrud – Blockchain Developer & Technical Consultant
LinkedIn: https://www.linkedin.com/in/robertojcerrud/
GitHub: https://github.com/Vortecsmaster
Role: Roberto supports blockchain architecture design, ensuring secure token issuance, on-chain property ownership tracking, and lifecycle management. He will also advise on system scalability for future multi-asset integration.
Experience:
Plutus Pioneer and Atala Pioneer Program graduate.
18+ years in development, 25 years in technical support.
Expert in Haskell, blockchain infrastructure, and DevOps.
Instructor for Haskell and Plutus cohorts at Emurgo Academy.
Fernando Yánez – Web Developer & Full Stack Engineer
LinkedIn: https://www.linkedin.com/in/fernando-y%C3%A1nez-burbano/
Role: Fernando builds the user-facing investor portal and backend systems, ensuring seamless token purchase, portfolio tracking, and dividend payout interfaces. He will oversee integration with NMKR for property token minting and marketplace listing.
Experience:
Strong background in software engineering and secure system development.
Experience designing transparent and tamper-proof platforms in high-trust sectors.
Skilled in multiple programming languages and blockchain technologies.
Recruitment Plans
As the platform scales beyond real estate into other real-world asset classes, we will recruit additional specialists, including:
Frontend Developer to extend the investor interface for new asset categories.
Marketing Specialist for outreach, user engagement, and community building.
Blockchain Auditor for additional contract audits as new features are added.
Key Strengths of the Team
Trust and Experience: Proven Catalyst proposers with funded projects across multiple rounds (Funds 7, 8, 11, 12) and leadership roles in Cardano governance.
Blockchain Expertise: Strong proficiency in Aiken, Haskell, and blockchain infrastructure to ensure secure, scalable tokenization.
Legal and Regulatory Knowledge: Deep understanding of Paraguayan property law and regulatory frameworks, led by Nestor Rodriguez.
This team has the capability, credibility, and local market understanding to deliver a transparent, compliant, and investor-focused Cardano-based real estate tokenization platform that can set the standard for RWA adoption in Paraguay and beyond.