Asset classes
Real estate
10 classes in this group. Each resolves from the group profile plus its own overrides, so the parts that genuinely differ are the only parts stated twice.
What the engine holds for each class
These are the actual template values the product uses when an issuer structures one of these assets — what it is, whether it pays, whether it ends, and what must be held or attested.
| Class | What it is | Fungibility | Income | Maturity | Custody & attestation |
|---|---|---|---|---|---|
| Residential property | Homes and apartments held for rent or sale. | fungible | Periodic income | Open-ended | independent valuation |
| Commercial property | Offices, retail and mixed-use buildings. | fungible | Periodic income | Open-ended | independent valuation |
| Hotel | Hospitality property with operating income. | fungible | Periodic income | Open-ended | independent valuation |
| Multifamily | Multi-unit residential held as a single asset. | fungible | Periodic income | Open-ended | independent valuation |
| Industrial property | Manufacturing and light-industrial premises. | fungible | Periodic income | Open-ended | independent valuation |
| Warehouse | Storage and distribution facilities. | fungible | Periodic income | Open-ended | independent valuation |
| Land | Undeveloped or agricultural land holdings. | fungible | No income | Open-ended | independent valuation |
| Development project | Property under construction or awaiting build-out. | fungible | No income | Defined end date | independent valuation |
| REIT interest | Shares in a real-estate investment trust. | fungible | Periodic income | Open-ended | independent valuation |
| Real-estate debt | Lending secured against property. | fungible | Periodic income | Defined end date | independent valuation |
What has to be true before issuing
Readiness is derived from what has actually been recorded against the asset, not from a checklist somebody ticks. These are the requirements this group carries.
- Documented legal ownership, and a vehicle able to issue the claim being offered.
- Legal structures commonly used for this group: spv, llc shares, trust, beneficial interest, direct ownership. Presented as options for counsel to choose between, never applied automatically.
- An independent valuation with a stated methodology and a review cadence, because there is no continuous market price for this group.
- Custody arrangements appropriate to the claim being issued.
- Evidence of the underlying claim, retained in the data room.
- A servicing plan naming who calculates income, who pays it, and from which account.
- A compliance policy in force — an offering cannot open without one, because every subscription would otherwise be refused.
Structure a real estate asset
Launch Studio walks the asset from definition through structure, parties, data room and token configuration, and will not let it reach an offering without what this class requires.