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Technical Documentation

glasshaus Whitepaper

Comprehensive technical documentation on blockchain-powered fractional real estate ownership

$100

Min. Investment

5-8%

Target Annual Yield

24/7

Trading

Cardano

Blockchain

Abstract

Democratizing Real Estate Through Blockchain

glasshaus is a decentralized real estate investment platform built on the Cardano blockchain that tokenizes income-producing properties into fractional, tradable ownership tokens. By integrating smart contracts, decentralized governance, and compliant asset structures, glasshaus enables anyone in the world to participate in real estate wealth creation without intermediaries, high capital requirements, or geographic barriers.

Through its governance token (GLSH), glasshaus evolves into a self-sustaining DAO where community members collectively steer the acquisition, management, and expansion of real-world assets.

Vision & Mission

Unlocking Real Estate

Our Vision

A world where real estate—currently one of the largest yet most inaccessible asset classes—becomes as liquid and tradable as stocks. Where a teacher in Tokyo can own Miami beachfront property, where a student can build a diversified global portfolio with $500, and where property value moves as freely as information on the internet.

Our Mission

Transform premium real estate into fractional, blockchain-based ownership opportunities that are globally accessible, completely transparent, and instantly tradable. We combine institutional-grade property management with decentralized governance, giving investors both passive income and active participation in their assets.

The Problem

Traditional Real Estate is Broken

Illiquid

Properties take 30-90 days to buy or sell, locking capital with no flexibility

Exclusive

Entry costs of $50K-$500K+ exclude the vast majority of potential investors

Opaque

Fragmented data with no clear visibility into performance, expenses, or decisions

Centralized

Decision-making controlled by fund managers, leaving investors voiceless

Geographically Constrained

Limited to local markets, preventing global diversification

Our Solution

The glasshaus Platform

Tokenized Ownership

Each property represented by native tokens on Cardano blockchain

Fractionalization

Start investing with just $100, dramatically lowering entry barriers

DAO Governance

Community-driven decisions through GLSH token voting

Automated Distributions

Quarterly rental income distributed via smart contracts

Global Liquidity

Trade property tokens 24/7 on DEXes and marketplaces

Professional Management

Licensed property managers handle all operations

Why Cardano?

Built on Enterprise-Grade Infrastructure

glasshaus chose Cardano as its blockchain foundation for several critical reasons that align with our vision of transparent, sustainable, and truly decentralized real estate investment.

True Decentralization

Cardano's Voltaire governance enables community-driven decision making where ada holders vote on protocol changes, treasury allocation, and platform development—no single entity in control.

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Research-Backed Development

Built on peer-reviewed academic research and formal verification. Every protocol change undergoes rigorous scientific scrutiny, providing the enterprise-grade foundation required for real-world assets.

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Proof-of-Stake Sustainability

Ouroboros consensus uses 99.99% less energy than proof-of-work, providing sustainable long-term operation aligned with ESG principles.

Native Token Support

Create property tokens without smart contracts for basic operations—lower fees, built-in metadata, reduced attack surface.

Future: Privacy with Midnight

Cardano ecosystem includes Midnight for privacy-preserving applications. Future integration could enable confidential transactions while maintaining regulatory compliance.

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Tokenization

How Property Tokenization Works

Tokenization Flow: Property → Legal Entity → Blockchain Tokens → Investor WalletsFour vertically stacked stages with arrows between them.Real Estate Property$500K Miami CondoPurchase & HoldLegal EntityLLC/Trust StructureMiami Property LLCSmart ContractCreationTTTBlockchain Tokens1M fractional tokensDistributionInvestor WalletsGlobal ownership

CIP-68 Token Standard

  • Reference Token: Immutable property metadata
  • User Token: Transferable ownership shares
  • Upgradeable state data for yield tracking
  • On-chain link to legal SPV structure

Smart Contract Security

  • Written in Aiken (Cardano's modern language)
  • Third-party security audits
  • Extensive testnet validation
  • Multi-signature treasury controls
DAO & Governance

Three-Layer Governance Structure

Treasury DAO

Manages community fund, votes on property acquisitions, ecosystem funding, and reward distributions.

Governance DAO

Platform-level decisions: new properties, fee adjustments, partnerships, and protocol upgrades.

Property Councils

Property-specific sub-DAOs for maintenance, improvements, and yield allocation decisions.

Tokenomics

Two-Token System

Property Tokens
Asset Ownership Tokens
  • Fractional ownership in specific properties
  • Fixed supply per property
  • Entitled to proportional rental income
  • Tradable on secondary markets
GLSH Token
Governance Token
  • 1 billion total supply (fixed)
  • Platform governance voting rights
  • Staking rewards from platform fees
  • Early access to new properties
GLSH Token Distribution
Presale30% (300M tokens)
Ecosystem Rewards25% (250M tokens)
Team & Advisors15% (150M tokens)
Treasury15% (150M tokens)
Liquidity10% (100M tokens)
Marketing5% (50M tokens)
Yield Distributions

Automated Rental Income Flow

Rental Yield Distribution Flow: Property Income → Smart Contract → Quarterly Distribution → Token HoldersFour vertically stacked stages showing automated rental income distribution to token holders via smart contracts.$Property IncomeMonthly rent collectedby property managerAccumulatedSmart ContractAutomated calculationper token holderQuarterlyDistributionSent to all walletsproportionallyReceivedToken HoldersPassive income earnedautomatically

Distribution Process

Current Phase (Off-Chain)

  • • Quarterly distributions via dashboard
  • • Wallet verification required
  • • Claim your proportional share

Future Phase (On-Chain)

  • • Automatic smart contract distribution
  • • Direct to wallet addresses
  • • No claiming needed
Compliance & Legal

Regulatory Framework

Legal Structure

Each property is held in an SPV (Special Purpose Vehicle)—typically a Delaware LLC—providing bankruptcy protection, clear ownership chain, and investor liability protection.

Securities Compliance (Reg D/S)

KYC/AML Verification

Licensed Property Management

Roadmap

Development Timeline

2025

Platform Launch

  • GLSH presale with early bonuses
  • First property tokenization
  • DAO governance framework
  • Investor dashboard launch
2026

DAO Activation

  • Treasury DAO active
  • 5-10 tokenized properties
  • Property Council implementation
  • DEX listings for tokens
2027+

Full Decentralization

  • On-chain automated distributions
  • Global property exchange
  • Commercial property expansion
  • Midnight privacy integration
Risks & Mitigations

Risk Management

Market Volatility

Geographic and property type diversification, conservative valuations, focus on stable rental markets, comprehensive property insurance

Regulatory Changes

Compliance-first approach, licensed partnerships, legal counsel in all jurisdictions, flexible SPV structures

Technical Risks

Third-party security audits, extensive testnet testing, multi-sig controls, gradual rollout, bug bounty programs

Liquidity Risks

GLSH incentives for market makers, treasury-funded liquidity pools, DEX partnerships

The Future of Real Estate

glasshaus envisions a world where property ownership is liquid, transparent, and inclusive. By combining Cardano's proven infrastructure with asset-backed tokenization and community governance, we're redefining how people own, manage, and profit from real estate.

Traditional real estate has been “stuck” for centuries—locked up in paperwork, slow processes, and high barriers. glasshaus “frees up” this asset class, allowing value to move as freely as information moves on the internet.

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Whitepaper - Technical Documentation | glasshaus Real Estate Tokenization