Tokenization of Various Asset Types

Real Estate

Now anyone can have the opportunity to invest in expensive real estate properties and earn profits from their rents and sales, in accordance with investor ownership percentage.

Fine Art

By resolving high-cost entry barriers and the lack of information prevalent in the fine art ecosystem, we can shape an open and transparent market.

Professional Sports Teams

Teams can now use funds raised from the exchange market to recruit more talented players and improve performance, increasing their worth, returns for their investors, and the morale of their fans.

Entertainment (Films, Musicals, etc.)

We can create a positive cycle wherein future customers/audiences become direct investors, and the high-risk, high-return characteristics of show business can create attractive market dynamics.

Startup Companies

In contrast to traditional investment-style funding, startups can now look to raise capital through a transparent and safe tokenization process even from their early stages. Individual investors also can discover and invest in promising companies with the potential for substantial profits.

Beyond the asset types mentioned above, any asset that can generate profit from value volatility can be listed and traded on YOSEMITE and anyone can verify the transaction and share distribution data - all of which are recorded publicly on the blockchain. Once an asset is ready for listing, attributes such as its qualifications along with the validity of provided information are screened and evaluated, and upon validation it receives buy-in pledges. In the future, we plan on delegating this listing process to the market, so that it becomes even simpler.

Trading of Listed Shares

Account setup and loading currency

All users can perform both profile setup and Ethereum-based trading account setup with ease through our user-friendly system, which is more convenient than dealing with the systems of traditional financial institutions. Once the setup is complete, users can load their accounts with Digital USD (dUSD) through credit card purchase, transfer of cash, or via cryptocurrency, to use for trading shares. YOSEMITE also provides a unique account management system to allow users to easily manage their account balances and their trading histories.

Buying and selling shares

A buyer who is interested in a listed asset can always check its metadata. Additionally, user based reviews are also available to read or comment about the asset. Users can study the order books for the market demands, and may place orders accordingly; any interested buyer can submit (or take) an offer that satisfies a shareholder’s demand, and any interested seller can submit (or take) an offer that satisfies a buyer’s demand. By creating a market that is similar to a conventional trading exchange, we provide a platform already familiar to many users.

Processing the transaction

Once the order is taken and the transaction is processed, escrowed asset shares and money are distributed and directly deposited to the buyer’s and the seller’s exchange accounts, respectively. There are no blockchain gas fees involved, but 0.01% (tentatively) of the transaction amount is retrieved from both parties separately as a trading fee. Following the transaction, distributed shares can be immediately traded again, and the distributed money can be cashed out immediately. Unlike today’s stock markets wherein trades only can occur during open hours and processing settlements requires a few business days, YOSEMITE’s 24-hour global platform offers more flexibility.

Trading of Assets in their Entirety

Acquiring assets (voting system)

In addition to trading an asset’s shares, users can also purchase an entire asset itself that is listed on YOSEMITE. An interested buyer can escrow the asset’s market cap + α (predetermined by the listing party and stated in the terms) to immediately propose an acquisition offer. For example, if an asset has a predetermined α value of 10% and is currently being valued at a market cap of $1 million, a buyer can escrow at least $1.1 million to propose his/her offer. As soon as the offer is proposed, the system assigns voting rights to all shareholders of the asset to approve or disapprove the sale, and a voting period (1-2 weeks) begins; conditions for successful voting phase, such as the required minimum participation and the approval threshold, are predetermined by the listing party and stated in the terms. If another user proposes a better acquisition offer during the voting period, the current offer is disposed (escrowed money is returned to the original account), and a new voting period begins. Because all offers require escrowing the money prior to the proposal, the validity of every proposal can be secured. An asset’s shares can still be traded during the voting period, and since all votes are registered to the shares — not the owner’s account — new shareholders’ votes will replace the votes of the previous shareholders (who sold their shares during the voting period). When the voting period ends, the result is announced to all shareholders; if there is sufficient approval, the acquisition will be completed, but if not, the offer is cancelled and disposed.

Proceeds distribution and de-listing of assets

Immediately following the approval of acquisition proposal, the escrowed money is distributed to all shareholders (even those who did not approve the sale) in accordance to their ownership proportion. Depending on the type of asset, the acquirer will follow different procedures to receive the purchased asset, while at the same time the asset is de-listed from the system. The entire acquisition process and result is recorded on the blockchain, which will prove to be useful in verifying the legitimacy and ownership of the asset.