> For the complete documentation index, see [llms.txt](https://delnorte-terra-vision.gitbook.io/delnorte-docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://delnorte-terra-vision.gitbook.io/delnorte-docs/full-representation-of-real-world-structures/key-categories-of-real-world-asset-representation.md).

# 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.