Welcome to Title Registry
What is Title Registry
Learn more about the TPX designed Title Registry and how it users a BTC sidechain to manage a scalable, real-time global property market
Register a Property
Learn how to list a property, legally verify existing contracts and property deeds on the blockchain enabling you to file for an initial property listing (IPO)
Create Micro Title Property Certificates (deeds)
Learn how Title Registry coverts and issues legal titles Of property into smaller, fractional, Micro titles, compliant with local laws Governments and land registries
What is Title Registry?
Developed by TPX, the Title Registry is a 'hidden from user' blockchain based ecosystem, adaptable to real-world events and their need for mediation, covering the principles for property asset management, accountability, currency movements and more.
User engagement takes place via TPX Exchanges, an intuitive front end App permitting the submitting of Title, Deeds and property 'legals'. Title Registry processes and validates Ownership before creating the associated legally enforceable digital clone, permissible for exchange within the ecosystem.
Title Registry highlights the core components that unfold during this process.
Ecosystem
Creation and registry of micro titles in preparation for trading. These are multiple titles applying to the same property. Each title is unique and distinguishable amongst all the titles pertaining to a specific property. The movement of the title in a transaction is the deed to the title. The titles and deeds are not interchangeable or fungible. This enables highly specific ownership identification at all times in the buying and selling process.
Separate chain accounting for the exchange of title deeds and ownership rights during secondary market activities. The transfer of titles with a record of transfer (deed) is maintained on a publicly available and permissionless blockchain. This permits a fully transparent account of all transactions dealing with titles from anywhere in the world.
Onboarding and settlement of all fiat to digital, digital to fiat transactions based around the original asset class of property. This represents the local currency of where the property is located
The risk chain involves the creation and maintenance of insurance contracts against property values. The chain allows financial institutions to control exposure risk to property values in a specific market.
Governing Blockchain Architecture and Key Principles
Legally Verifiable
Legally Verifiable
Property rights e.g., enforcement of boundary, occupancy, ownership are under jurisdictional control of presiding authorities where the assets are physical located.
Intellectual property, copyrights and other rights associated with physical asset e.g., name of property, address of property areunder jurisdictional control of presiding authorities where the assets are physical located.
Technical infrastructure is located solely within the physical jurisdiction of assets and currency.
Tax Applicable
Tax Applicable
Taxes on transactions (chain) are enforced and protected where the property is located.
Taxes are paid within the transaction being submitted to chain for validation.
Transactions are immune to extra jurisdictional authorities, e.g., London transactions can not be taxed by New York tax authorities because a chain node is in New York.
Completely Secure
Completely Secure
All technical components are located within the jurisdiction of the physical assets and under the adjudication of local authorities which include civil and military authorities.
Register a property
For a property to be sold using the blockchain process one must first go through a provisioning and listing process. Owners of properties are required to complete their application via the TPX Exchanges Web App for provisioning to take place; to include the follow:
Creation and registry of micro title deeds in preparation for trading.
Separate chain accounting for the exchange of title deeds and ownership rights during secondary market activities.
Onboarding and settlement of all fiat to digital, digital to fiat transactions based around the original asset class of property.
Create Micro Title Property Certificates (deeds)
Once a property is properly provisioned and registered with the Title Registry, micro title property certifications and created.
51% of the equity is established and is segregated for a named owner of the property who will take on liability, maintenance and insurance of the property.
The other blocks representing 49% or parts thereof are then created and can in value size be as small as £250 per unit. Such smaller unit sizes that then represent direct beneficial ownership of the physical property (asset) itself open up investment in the property to a larger potential global investor base.
As part of the registration process the Solicitor for the seller will be involved, creating certificates that evidence their share of the investment in the property (“property certificates”).
Micro titles confirms that assets are controlled by owner and the blockchain, in conjunction with the government’s land registry and the BPR, confirms the precise ownership of any of the property assets at any and all times due to the sequential nature of the control of assets listed on the blockchain.
16 Acacia Ave, Wimbledon
- Liquidity of micro titles increases value by 3 - 8% on listing so £490,000 could become £529,000.
- People can buy £250 to £490,000 or any amount in between.
- NB Typical minimum listing is 15%
Fractions of Liquid Legal Titles
‘Title of Property’ is Not a Security
For every property listed, a stable coin equivalent to the properties onboarding price is minted, specific to country, currency and exchange rate. This plays a crucial roll in providing liquidity during the pre and post IPO market activity.
Micro Title Deeds are fractions of original deeds, therefore operate legally to buying and selling an actual property. Owning this deed permits under law, shared co-ownership of a property where the value is the increase of its capital value over time.
Owning this deed permits a share of both the ongoing growth of the capital value of that property AND of the rights to a monthly rental share should that property generates in rent. Equally this deed is sharia compliant.
Initial Property Listing (IPO)
Once owners are approved and issued their micro titles, your home is now your own personal land/property bank where value can be created and stored for the owners of that property own direct benefit rather than for the benefit of the intermediary banks and financial institutions that had previously serviced them. To capitalise on your mico titles, you now visit the deal room for phase 2 of your journey, where:
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The Participating Stakeholders
The FCA (operates under a P2P model under the FCA, agreement to convert to a RIE license)
The Treasury
The Bank of England
HM Land Registry
HM Revenue & Customs
Department for Business & Trade (export discussions)
Surveyors
Conveyancers
Senior Real Estate Agents (in discussions)