Key Categories of Real-World Asset Representation

• Non-Cash-Generating Assets (Exclusive Use)

  • Examples: Personal homes, private vehicles.

  • Characteristics: Ownership cannot generate income during its tenure, and use is restricted to the owner.

  • Investor Incentives:

    • Potential future buy-back at a higher value.

    • Shared use agreements, such as partial occupancy rights.

• Non-Cash-Generating Assets (Third-Party Use)

  • Examples: Vacation properties, artwork available for rent, timeshares.

  • Characteristics: Assets can be leased or shared, providing limited cash flow.

  • Investor Incentives:

    • Dividend payouts from leasing or rental income.

    • Time-based usage rights tied to token ownership.

• Cash-Generating Assets

  • Examples: LLCs, corporations, REITs, CLOs.

  • Characteristics: These entities or assets produce regular income through dividends, rental revenue, or other distributions.

  • Investor Incentives:

    • Regular cash flow through distributions.

    • Voting rights for governance and decision-making.

    • Discounts on secondary offerings.