About Company

We are revolutionising Real Estate and Real-World Assets (RWAs) investment through 'tokenisation' meaning the ability to fractionalise assets into digital shares using Blockchain technology. Our easy to navigate Investment platform, PROPTO, is powered by cutting-edge technology, empowering property owners to unlock the value of their real estate or other RWAs with immediate liquidity upon release of the product to market with lower transaction costs.

Through our seamless tokenisation process, and working with regulated third parties we facilitate the fractional sale of properties and other RWAs, enabling investors to acquire ‘digital shares’ of high-value real estate and other RWAs. We will also facilitate the listing of digital bonds allowing the savvy investor to lend money to asset owners that they believe in.

Whether you are an investor looking to diversify your portfolio or a property owner seeking liquidity without relinquishing full ownership, PROPTO offers an innovative solution tailored to your needs.

70

Years

combined Real Estate Investing experience

$30+

tn

Value of Global Commercial Real Estate market

$50

tn

estimate value of RE Tokenisation Market by 2030

The differences between REClosure Ltd., Propto Exchange and DSIP

REClosure Ltd

REClosure is the technology company that has developed the PROPTO Investment Platform & DSIP (the digital token).

We manage the transaction due diligence, legal structuring (including SPV creation), and token issuance.

We oversee the investment ecosystem, ensuring regulatory compliance as well as investor onboarding and management tools.

PROPTO

PROPTO is the investment trading platform that operates in conjunction with regulated third party providers.

It provides a marketplace for investors to buy and sell tokens issued through for initial purchase and for each subsequent trade on the secondary market.

It facilitates trading of DSIP tokens (the digital token) (and potentially other security tokens).

Operates with its own user accounts, KYC/AML procedures, and trading fees.

DSIP

DSIP (the digital token) is the underlying technological framework that powers the tokenisation process on REClosure's platform - PROPTO.

The tokens represent beneficial ownership of the physical real estate and are compatible with the leading Blockchain providers.

It's features include whitelisting, automated dividend (rent) distribution and fee management.

Why Invest through PROPTO

REClosure's technology provides investors with the opportunity to access Grade A Real Estate Investments and other High Quality Real-World Assets through our Investment platform, ‘PROPTO’.

Efficiency

Our platform is designed for efficiency, offering investors faster times to sell a property and lower costs compared to traditional real estate investment methods. The streamlined process allows you to list and sell properties with fewer intermediaries, reducing delays and fees.

With our intuitive interface, investing is easier to navigate, allowing you to manage your portfolio quickly and efficiently. This approach minimises administrative overhead and accelerates transaction times, providing a cost-effective way to diversify your portfolio with high-quality assets.

Through our platform, you can access a wide range of real estate and other real-world assets with just a few clicks. This simplicity, combined with lower costs and faster turnaround times, makes it easier to add tangible assets to your investment mix while managing risk effectively.

Affordability

The PROPTO platform offers lower fees than traditional real estate investments and other Real-World Assets, making it a more affordable choice for investors. By reducing the layers of intermediaries and streamlining the transaction process, we can pass on significant cost savings to you.

This affordability allows you to invest with lower entry costs and enjoy reduced ongoing expenses, enhancing your returns over time. Whether you're new to real estate investment or a seasoned investor, our platform provides a cost-effective way to diversify your portfolio without compromising on quality or security.

Liquidity

PROPTO provides liquidity by allowing you to quickly convert investments into cash through trading digital tokens on a secondary market. This flexibility means you can enter and exit positions more easily compared to traditional real estate investments, where liquidity is often limited.

The ability to trade tokens on a secondary market offers you a convenient way to manage your investments and access funds when needed, providing you with greater control and flexibility in your investment strategy.

Security & Transparency

We prioritise security and transparency in everything we do. Our platform, PROPTO, is built on blockchain technology, ensuring a secure and transparent environment for investing in real estate and other Real-World Assets.

Our Security Framework
We employ robust security measures to protect your data and maintain the integrity of our systems. Our comprehensive approach to security includes:
• Blockchain Technology: By utilising blockchain, we ensure that all transactions are recorded securely and are immutable. This distributed ledger technology provides an extra layer of security and transparency.
• Data Encryption: We use industry-standard encryption to secure sensitive information, protecting it during transmission and storage.
• Secure Access Controls: Only authorised personnel have access to critical data. Our team members undergo rigorous background checks and receive regular security training to maintain our high-security standards.
• Regular Security Audits: We conduct periodic security audits and vulnerability assessments to identify and mitigate potential risks. This proactive approach ensures we stay ahead of emerging threats.
• Secure Collaborations: We collaborate with reputable and regulated third parties who share our commitment to security, ensuring all external integrations are secure.
Transparency and Compliance
We believe in openness and clear communication. Our commitment to transparency includes:
• Public Information: We provide clear information about our business practices, including governance and operational updates. This helps you understand how we operate and maintain trust.
• Compliance: Although Reclosure is unregulated, we comply with all applicable laws and work closely with regulated partners to ensure our practices meet industry standards.

Regulation & Compliance Assured

REClosure Limited (REClosure) – Important Information

Welcome to Reclosure's website. Please read this disclaimer carefully as it contains important information about the nature of our business and our collaborations with regulated third parties.

Unregulated Status
Reclosure is currently not regulated by any financial regulatory authority. Our business operates within the framework of applicable laws and regulations, but we do not offer regulated financial services or products.

Collaboration with Regulated Third Parties
To ensure the highest level of compliance and trust, Reclosure collaborates with reputable and regulated third parties. These partnerships allow us to provide a secure and compliant environment for our clients and stakeholders. We carefully select our partners to ensure they meet strict regulatory standards and align with our commitment to quality and integrity.

Transparency and Compliance
While Reclosure is unregulated, we are dedicated to maintaining transparency in all our operations. We work closely with our regulated partners to ensure that our business practices adhere to industry best practices and legal requirements. This approach allows us to offer our clients reliable and safe solutions.

Portfolio Diversification

Our platform makes real estate investment and investment in other Real-World Assets accessible to everyone, providing opportunities for investors to diversify their portfolios with high-quality assets.

Through our secure and transparent platform PROPTO, investors can add a variety of real estate and tangible assets to their investment mix, potentially enhancing returns while managing risk.

Whether you're seeking stable income or long-term capital appreciation, our platform offers a range of opportunities to help you achieve your financial goals.

For property owners

Generate capital from your Assets faster with lower costs and reduced risk

Option to fractionalise ownership

Option to sell a portion or the entire of your asset with reduced execution risk

Real Time Transfer of Ownership & Sales Proceeds

Funds & Ownership are transferred immediately upon sale

Increased liquidity

PROPTO is a global marketplace providing access to a wider pool of real estate investors

Reduced transaction Costs

With automated transactions and faster execution of sales, transaction costs are significantly reduced

Global Investor Reach

Accessing a diverse pool of investors from around the world, fostering greater liquidity and potential for growth

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    How to get started

    As we approach our target launch in Q3 2024, we're excited to offer a select number of investors the opportunity to test our Beta product. The Beta launch is planned for the next 2-3 months, giving you early access to our innovative platform.

    If you're interested, please register your details, and we'll keep you updated on progress.

    Once launched, investors will be on-boarded and may start investing through the very easy process outlined below.

    01 Sign up and verification

    Through our AML/KYC partners we strive to have all registrations approved within 1-2 hours

    02 Select a property

    Our marketplace will provide all property information which will allow investors to make informed investment decisions

    03 Select Investment Amount & Purchase Shares

    Following your due diligence on the asset, an investor choses the amount they would like to invest and immediately purchases shares.  Transfer of funds and ownership is immediate 

    04 Follow & Earn Income

    Rental income will be distributed on a monthly / quarterly basis into your account.  All asset management updates will be through your designated page on the platform.

    01 Sign up and verification

    Through our AML/KYC partners we strive to have all registrations approved within 1-2 hours

    02 Select a property

    Our marketplace will provide all property information which will allow investors to make informed investment decisions

    03 Select Investment Amount & Purchase Shares

    Following your due diligence on the asset, an investor choses the amount they would like to invest and immediately purchases shares.  Transfer of funds and ownership is immediate 

    04 Follow & Earn Income

    Rental income will be distributed on a monthly / quarterly basis into your account.  All asset management updates will be through your designated page on the platform.

    Our Team

    Co-Founder & CEO 

    Steve Blanc

    20 years Industry Experience. Real Estate Consultant with Management and Digital Transformation. Former director of Sherry FitzGerald Blanc franchise operation and former Head of Residential at BidX1 (Proptech).

    Co-Founder & CTO

    Eduardo Pena Vina

    15 years Industry Experience. Domain Expert in AI, Deep Learning & Machine Learning. Worked in the Research Institute Fraunhofer ITWM and Airbus. Driving force behind development & functionality of the platform.

    Co-Founder & Head of Legal & Compliance

    Deborah Hutton

    20+ years experience in law. One of Europe's & Ireland leading voices in financial regulation. Current G100 Chair for Ireland. Former EMEA Head of Legal Citi and previously a Partner at Eversheds-Sutherland Solicitors. Founder of DEH Law.

    Co-Founder & Head of Real Estate

    Caroline Halton

    Over 20 years experience in Commercial Real Estate Asset Management & Investment in Ireland, UK & Europe. Most recently as Executive Director at Goldman Sachs Real Estate Asset Management in Dublin.

    Head of Growth & Investment

    Chetan Singh

    10+ years experience in Real Estate Investment, with a proven track record for driving success in Fintech and Proptech spheres. Former real estate investing professional at Goldman Sachs and holds an Engineering degree from IIT, one of India's leading Universities.

    Head Global Capabilities

    Philip Hilm

    Over two decades of expertise in technology and competitive analytics, particularly in professional poker, AI and blockchain. Experienced in computationally solving intractable games, developing complex AI algorithms and pioneering blockchain applications that push the boundaries of traditional finance.

    Chief Creative Officer

    Shane Reidy

    With 20+ years in technology and multimedia development, Shane is currently the CTO at DEH Law and Director of a property management company. He has worked on various award-winning projects in television, legal, consultancy services, and education. His extensive background in animation and technology makes him a versatile leader in integrating tech with creative solutions.

    News

    Propto (powered by REClosure) secures PSSF funding from Enterprise Ireland

    • Industry Views
    • April 23, 2024

    Deborah Hutton – recognised as a leading individual in FinTech Financial Regulation – Legal 500 EMEA

    • Uncategorized
    • April 8, 2024

    Revolutionizing Commercial Real Estate: How Technology and PropTech Are Transforming the Industry

    • Industry Views
    • April 8, 2024

    REClosure’s co-founder, Caroline Halton, presents at Pitch Jam

    • Uncategorized
    • February 23, 2024

    REClosure secures deal to partner with Binarii Labs as its security partner

    • Uncategorized
    • January 23, 2024

    Steven Blanc, our Co-Founder, takes the stage at Web Summit

    • Uncategorized
    • November 23, 2023

    FAQ

    General
    Investor
    Legal and Regulatory
    Property owner
    Technical

    • How does Propto comply with AML regulations during user and property onboarding?

      Propto is strongly committed to upholding Anti-Money Laundering (AML) regulations. We implement strict compliance measures during both user and property onboarding, including KYC verification, risk assessment, continuous monitoring, documentation checks, legal due diligence, and source-of-funds verification.

    • Why should I invest in tokenised real estate or RWAs on Propto?

      Tokenised real estate through Propto offers several key benefits:

        – Accessibility: Lower entry barriers allow you to invest in fractions of income-producing properties

        – Diversification: Easily expand your portfolio across different properties and markets

        – Liquidity: Buy and sell shares/tokens more efficiently than traditional fixed Asset Classes

        – Transparency: Blockchain technology provides a secure and transparent transaction record

        – Reduced Costs: Streamlined processes can lower transaction costs

        – Global Reach: Invest in properties worldwide without complex cross-border hurdles

    • What is the Digital Security Income Protocol (DSIP), and how does it enhance property tokenisation?

      The DSIP is a blockchain protocol specifically designed for real estate tokenisation.

        – Built on the ERC-20 standard

        – DSIP includes features essential for real-world property investment

        – Limited Total Supply

        – Whitelisting Mechanism

        – Clawback Provision

        – Ability to Freese Account

        – Fees in Stablecoin

        – Fee Distribution

        – Rent Payment Functionality

    • What types of entities can issue tokens on Propto?

      REClosure’s platform Propto is designed to accommodate a wide range of entities interested in tokenising real estate assets and RWAs. This includes:

        – Social housing providers

        – Real estate developers

        – Investment funds

        – Asset management companies

        – Special Purpose Vehicles (SPVs)

        – Impact Investments Bonds

    • How does the REClosure’s Propto platform facilitate property tokenisation?

      REClosure via Propto provides an end-to-end platform for property / RWAs tokenisation. Our services include:

        – Due Diligence

        – Legal Structuring

        – Token Issuance

        – Fee Apportionment & Dividend Payments

        – A comprehensive management suite for Governance

      We strive to ensure strict compliance with regulatory requirements.

    • What is tokenisation?

      Tokenisation is the process of converting the value of real estate or other (tangible) Real World Assets (RWAs) into digital tokens on the blockchain. This allows for fractional ownership, making RWAs and impact investments more accessible and liquid.

    • How can potential investors start investing in tokenised properties with Propto?

      Investors begin by completing our onboarding process, including AML/CFT and KYC checks. Once approved, they can purchase tokens through the platform, Propto.

    • How are dividends distributed to investors?

      DSIP’s smart contracts automate the distribution of rental income directly to token holders based on their ownership stakes.

    • Can investors trade their tokens?

      Yes, Propto facilitates access to secondary markets for token trading, ensuring compliance with KYC and AML regulations. We provide the necessary infrastructure, support, and guidance for a seamless trading experience.

      This can be peer-to-peer trading or via secondary exchanges that meet relevant licensing/all laws.

    • What are the responsibilities of investors in tokenised properties?

      Investors are required to:

        – Complete AML/CFT and KYC onboarding

        – Purchase tokens through the platform

        – Receive dividends based on their ownership stake

        – Have the option to engage in secondary market trading (subject to compliance)

    • How are properties onboarded onto the Propto platform?

      We offer two primary onboarding methods:

        – Tokenisation of Shares: Property held in an SPV, shares are tokenised

        – Emission of a Bond: SPV issues a bond, which is then tokenised

    • How does the PROPTO Payment & Utility Token benefit users within the REClosure ecosystem?

      PROPTO offers multiple benefits:

        – Dividend & Fee payments:

        – Transaction Facilitation: Versatile medium of exchange within the platform

        – Discounts and Incentives: Enhances value for token holders

        – Governance and Community: Participation in decision-making

        – Staking and Liquidity: Potential for rewards

    • What unique features does DSIP offer to investors and property owners?

      DSIP, the Digital Security Income Protocol is the Smart Contract that powers our Platform, Propto, it revolutionises real estate investment with:

        – Limited Token Supply:

        – Whitelisting and Clawback:

        – Fee Structure: Predictable transaction costs

        – Rent Payment Functionality: Automated income distribution

        – Automated Fee apportionment

    • What measures are in place for asset management and oversight?

      Assets are managed through the SPV. Propto has created a Governance suite that allows the vendor, Asset Manager, or Facilities manager to communicate with shareholders through the Propto Platform to provide oversight of regular maintenance and operational activities.

    • How are properties onboarded onto the Propto platform?

      We offer two primary onboarding methods:

        – Tokenisation of Shares: Property held in an SPV, shares are tokenised

        – Emission of a Bond: SPV issues a bond, which is then tokenised

    • How does Propto comply with AML regulations during user and property onboarding?

      Propto is strongly committed to upholding Anti-Money Laundering (AML) regulations. We implement strict compliance measures during both user and property onboarding, including KYC verification, risk assessment, continuous monitoring, documentation checks, legal due diligence, and source-of-funds verification.

    • Why is an SPV required to Tokenise an Asset?

      An SPV is essential for:

        – Risk Management: Isolates the asset from the parent company’s liabilities

        – Regulatory Compliance: Meets specific investment and securities regulations

        – Clear Ownership: Simplifies the investment structure and distribution of income

        – Investor Protection: Limits investor risks to the specific property within the SPV

        – Flexibility: Offers flexibility for financing and potential sale of the property.

    • How will the EU’s MiCA regulation impact REClosure’s operations via Propto?

      MiCA aligns with our commitment to transparency and compliance. We will ensure that any entities that we partner with adapt to meet MiCA standards, prioritise investor protection, obtain necessary licenses, and reinforce our security measures and have appropriate trasnsition plans in place.

    • What are the benefits of security tokens vs. tokens not deemed financial instruments?

      Security tokens offer stronger investor protections:

        – Regulation: Oversight by EU regulators

        – Legal Rights: Clear ownership rights and claims to assets

        – Transparency: Detailed disclosures about the investment and its risks

        – Potential Liquidity: May be traded on regulated exchanges (subject to compliance).

    • What is an investor buying when they purchase a token, and what is its legal status under Irish law?

      A token represents a fractional ownership interest in a RWA, for example a real estate asset or a share held within a Special Purpose Vehicle (SPV). This gives you a proportionate share of rental income and potential sale proceeds. Under Irish law, tokens representing real estate ownership are likely considered security tokens.

    • How does Propto ensure compliance with laws and regulations?

      REClosure ensures that its platform Propto prioritises compliance with laws, regulations and best practices.

      INTERNAL – We prioritise our compliance by working closely with internal and external legal and regulatory and compliance advisors, together with regulatory groups and bodies to ensure that we aim to adhere to best practices.

      EXTERNAL CLIENTS– In addition, we work closely with our clients and seek confirmations that their investment prospectuses adhere to relevant laws.

      CUSTODY – Custody of assets is provided by regulated entities safeguarding users Assets.

    • What happens if a property owner decides to sell the asset?

      A predefined process involving token holder notification and voting ensures transparent decision-making and fair distribution of sale proceeds.

    • What roles do property owners play in the tokenisation process?

      Property owners partner with Propto by:

        – Providing necessary documentation

        – Participating in SPV formation

        – Agreeing to the terms of token creation and issuance

        – Actively engaging in the onboarding process

        – Collaborating on marketing and sales strategies

        – Onboarding service users, Estate Agents, Asset Managers & Facility Managers for Governance

    • How are properties onboarded onto the Propto platform?

      We offer two primary onboarding methods:

        – Tokenisation of Shares: Property held in an SPV, shares are tokenised

        – Emission of a Bond: SPV issues a bond, which is then tokenised

    • How does the PROPTO Payment & Utility Token benefit users within the REClosure ecosystem?

      PROPTO offers multiple benefits:

        – Dividend & Fee payments:

        – Transaction Facilitation: Versatile medium of exchange within the platform

        – Discounts and Incentives: Enhances value for token holders

        – Governance and Community: Participation in decision-making

        – Staking and Liquidity: Potential for rewards

    • What unique features does DSIP offer to investors and property owners?

      DSIP, the Digital Security Income Protocol is the Smart Contract that powers our Platform, Propto, it revolutionises real estate investment with:

        – Limited Token Supply:

        – Whitelisting and Clawback:

        – Fee Structure: Predictable transaction costs

        – Rent Payment Functionality: Automated income distribution

        – Automated Fee apportionment

    • How does REClosure’s, Propto’s Decentralised Exchange (DEX) operate, and what advantages does it offer?

      The Propto Decentralised Exchange (DEX) is a key part of our ecosystem, enabling secure and transparent trading of DSIP tokens. It uses smart contracts on the blockchain to automate trades without the need for traditional intermediaries. Here’s how it works and the benefits it offers:

        – Order Book Market: Propto’s DEX uses an order-book model, where buyers and sellers list their desired prices and quantities. This provides full market transparency, allowing traders to see all available orders and choose their counterparties.

        – Self-Custody and Custodial Wallets: Users have the flexibility to choose between self-custody wallets (where they retain full control of their funds) and custodial wallets (where assets are held by a trusted third party for simplified management). This balance of control and convenience caters to different investor preferences.

        – 24/7 Trading: The DEX operates around the clock, giving investors global access and the ability to trade anytime.

        – Reduced Fees: The blockchain-based model eliminates many overhead costs associated with traditional exchanges, potentially lowering users’ trading fees.

        – Transparency and Security: All transactions on the DEX are recorded on the blockchain, ensuring an immutable record that promotes trust and accountability.

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