Property is recognised as a solid, stable asset class. However, traditionally, accessing this class of assets in a diversified portfolio sense in particular faces large transaction cost barriers for many people. The ‘lumpy’ illiquid nature of property also makes it challenging for properly functioning markets to form for things like retirement incomes drawn off property equity, and rent-to-buy schemes. Teams working within the STN ecosystem are tackling these problems, with projects including:
1. UBB01. This is the first of the Unbanking the Banked series. This project fractionalizes residential property to enable the replacement of traditional bank mortgage finance with community equity finance.
2. NEN. This is a community-title multi-dwelling community project, aimed at delivering affordable housing in an ecologically focused residential setting. Community contributions are tracked via a project token. 3. Global Travelers Club. This project is working to fractionalize accommodation assets across the world, enabling a membership privileges opportunity to both own equity in the assets themselves, and also access use rights and privileges as well. The project is underpinned by a portfolio of seven apartments located on the Gold Coast of Australia.