3.1 Core Architecture

Each $AET issuance is backed by a specific, revenue-generating real estate asset or asset portfolio. Legal ownership of the underlying property is held by a Special Purpose Vehicle (SPV) established in the jurisdiction of the asset. Beneficial economic interest in the SPV — and therefore in the property itself — is represented by security tokens issued on a permissioned blockchain infrastructure. $AET is therefore a real-world asset (RWA) security token: each token represents a beneficial economic interest in a specific, identifiable property.

Figure 3.1 — Core Architecture

3.2 Value Proposition by Stakeholder

Stakeholder	Value Delivered
Qualified Investors (Global)	Access to Asian real estate from USD 10,000 minimum; quarterly income distributions; secondary market liquidity; transparent on-chain reporting
Asset Owners & Developers	Alternative capital-raising channel; early monetisation of equity; access to a global pool of qualified investors without reliance on traditional banking
Platform Ecosystem	Origination fees, asset management fees, secondary trading fees; expanding asset pipeline across multiple Asian markets