5.1 Token Overview
| Parameter | Detail |
|---|---|
| Token Name | Asian Estate Token ($AET) — an RWA security token |
| Token Standard | ERC-3643 (Permissioned Security Token Standard) |
| Blockchain | Ethereum Mainnet + Layer 2 (e.g., Polygon PoS) for gas efficiency |
| Unit Price (indicative) | USD 100 per token |
| Minimum Subscription | USD 10,000 (100 tokens) per issuance |
| Transfer Restriction | Whitelist-gated: transfers permitted only between KYC/AML-verified wallets |
| Income Distribution | Quarterly, in USDC or equivalent regulated stablecoin |
| Redemption | On asset disposal or at end of defined holding period via SPV liquidation |
5.2 Token Lifecycle
Origination: Asset identification, independent valuation, legal due diligence, SPV structuring
Issuance: Private placement to qualified investors; KYC/AML clearance; token minting and allocation
Operation: Professional property management; quarterly financial reporting; on-chain NAV updates
Distribution: Net rental income distributed to token holders in proportion to holdings
Secondary Trading: Peer-to-peer or venue-based trading on licensed alternative trading systems
Redemption / Exit: Asset sale or maturity triggers SPV wind-down and pro-rata capital return
5.3 Governance
Material decisions affecting the underlying asset — including major capital expenditure, refinancing, and disposition — are subject to token holder approval via on-chain voting or off-chain proxy mechanisms. Governance thresholds and procedures are set out in each SPV’s constitutive documents and the token-holder agreement. The platform publishes all governance proposals and results transparently on-chain.
