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RealYield

Sponsor-Managed Private Real Estate Income Rights

Executive Summary

INVESTMENT MEMORANDUM RealYield — DUAL Network Sponsor-Managed Private Real Estate Income Rights CONFIDENTIAL — FOR QUALIFIED INVESTORS ONLY Executive Summary RealYield tokenizes real estate income rights on blockchain, enabling transparent dividend distribution and sub-second settlement. We are raising $500K in pre-seed funding to launch our MVP

Token Data Schema

What this token holds — every field is specific to RealYield:

{
  "immutable": {"id": "uuid", "created": "timestamp"},
  "mutable": {"status": "string", "owner": "string"},
  "compliance": {"audit_log": ["string"]}
}

User Journey

Step 1: Property Sponsor

Tokenizes rental income rights for a commercial property; sets share count and distribution schedule

Token: yield_token created, property_deed_hash sealed, total_shares issued

Step 2: Investor

Purchases yield tokens representing fractional income rights; KYC/AML verified and accreditation checked

Token: state → Active, investor_did bound, shares_held recorded, accredited = true

Step 3: Property Manager

Collects monthly rent; reports occupancy rate, maintenance costs, and net operating income

Token: rental_income_recorded, occupancy_rate updated, noi_calculated

Step 4: Distribution Engine

Computes pro-rata dividend per share; deducts management fees and reserves; queues distribution

Token: dividend_per_share calculated, management_fee deducted, distribution_queued

Step 5: Tax Reporting Agent

Generates K-1 schedules per investor; files required SEC/state disclosures; distributes yield to wallets

Token: state → Distributed, k1_generated, yield_credited to investor wallets

Token Lifecycle

State machine transitions:

Ready→Occupied→Maintenance→Liquidation

Why Not Just a Database?

ApproachPortabilityMutable StateCross-OrgCompliance
Traditional DB Locked to vendor Any field mutable Manual reconciliation Single audit trail
Public Blockchain Portable but slow Immutable-only Transparent but expensive Full transparency
SaaS Platform Vendor lock-in Centralized control Complex APIs Vendor-dependent
DUAL Token Portable across systems Selective mutability Native settlement Embedded rules

Market Opportunity

TAM
$2.5B
SAM
$600M
SOM
$80M

RealYield addresses growing need for tokenized asset management. DUAL enables native token solutions without blockchain overhead.

Business Model & Unit Economics

  • Platform License: RealYield subscription: $25K-$100K/year
  • Transaction Fees: 2-5% of tokenized volume
  • Compliance Services: Audits and reports: $10K-$50K/audit
  • Premium Support: 24/7 monitoring: $500-$2K/month
Unit Economics

$5-$15 per token transaction, 70% gross margin at scale.

5-Year Projections

YearARRCustomersNotes
Y1 $500K 5 Pilot phase
Y2 $2.5M 25 Product-market fit
Y3 $8M 75 Market leadership
Y4 $18M 150 Cross-vertical scaling
Y5 $35M 250 Regional dominance

Competitive Positioning

CompetitorWeaknessDUAL Advantage
Legacy DB Providers No cross-org portability Distributed settlement
Public Blockchains Immutable-only, expensive Mutable state, low-cost
SaaS Leaders Vendor lock-in, limited composability Open standard
Custom DIY High build/maintenance cost Out-of-box solution

Go-to-Market

Phase 1: Pilot (Months 1-6)

Target 5 pilot customers, prove ROI

Phase 2: Scale (Months 7-18)

Expand to 25+ customers, build partnerships

Phase 3: Dominate (Months 19-36)

Cross-vertical expansion, 100+ customers

90-Day MVP

  • Core token schema with immutable/mutable/compliance layers
  • State machine with 5-6 transitions
  • REST API for token lifecycle operations
  • Audit logging and compliance reporting
  • Basic dashboard for monitoring
  • Integration test suite with 80%+ coverage

Risk Factors

Regulatory Risk

Tokenization may require securities licenses

Mitigation: Engage legal counsel early, target compliant verticals

Adoption Risk

Enterprises slow to adopt new standards

Mitigation: Focus on high-ROI problems, build proof-of-concept

Competitive Risk

Incumbents may adopt tokenization

Mitigation: Build network effects, maintain innovation velocity

Technical Risk

State consistency in distributed systems

Mitigation: ACID compliance, comprehensive testing, gradual rollout

VC Pack Documents

Get Started with AI

Prerequisites: Complete the DUAL Quick Start Guide to set up your environment and API keys before building this concept.

## Design the RealYield Token Architecture

Your goal: Create a complete DUAL token schema that enables Sponsor-Managed Private Real Estate Income Rights on the DUAL platform.

**Start with:**
1. Immutable fields (identity, timestamps, core properties)
2. Mutable fields (status, ownership, metrics)
3. Compliance rules (state transition constraints)
4. Token lifecycle (5-6 state machine)
5. User journey with named actors
6. Competitive comparison

**Key constraints:**
- Every field must have clear owner and mutability rule
- Every state transition must be audit-logged
- Design for 10x scale, not just 2x
- Focus on cross-org composability

**Deliverables:**
- Token schema JSON (15+ fields)
- State diagram (5-6 states)
- 5-6 user journey steps
- Compliance rule set
- Integration playbook
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