Building the Operating System for Tokenized Real Estate

I’ve spent the last few years in Bali—living, building, and watching something strange unfold in the real estate market. Villas are going up everywhere. Every month, there’s a new listing. Yet… many sit empty. We are seeing the disaster of an unregulated (or poorly regulated) market.

Owners worry. Investors pull back. Property managers get desperate. And platforms like Airbnb and Bookingdotcom raking in fees. So what is the core problem: we're not using real estate to its full potential.

It’s not just Bali. It’s global.

There’s Value Hiding in Plain Sight

So what’s the solution? Ok, here what I think. Real estate isn’t just about square meters or bricks. It’s about time, space, experience, and community. It is a multidimensional revenue generating asset. But today, those layers are trapped:

• You can own a house, but not use it.

• You can rent a villa, but gain nothing long-term.

• You can love a location, but never be part of it.

We’ve accepted this fragmentation for too long. Thanks to tokenization, that’s about to change.

Propex Is a Bet on a Better Model

I started Propex with one question:

What if a property wasn’t just something you owned or rented—but something you could compose, share, stake, or even swap? What if the nights you didn’t use could be tokenized and traded? What if you could stay in Bali using staking rewards from a property in Lisbon? What if "home" became a network—not a static address?

The Shift Is Already Happening

In Bali, the numbers speak for themselves:

• Villas priced at $250K are now facing occupancy drops—from 65% to 48% due massive rental property supply (REID 2024).

• That’s 190+ nights unsold—more than $13,000/year in lost value per property.

• Property owners are competing harder, slashing prices, praying for bookings (I know, I am one of them .

But imagine this instead:

• Those unused nights are minted as time tokens.

• Travelers trade them. Members redeem them. Owners stake them for yield.

• Suddenly, that “dead time” becomes liquid, mobile, and valuable.

Not Just a Platform—An Operating System

This is why we call Propex the OS for Real Estate 3.0.

We’re building tools to turn static assets into living, breathing economies:

• Ownership tokens for fractional property shares.

• Time tokens for flexible usage.

• Staking to earn from performance.

• DAO governance to give people a voice in how spaces evolve.

It’s not just a booking app. It’s not another DeFi gimmick.

This Isn’t Just Tech…

We all want more flexibility, more belonging, more upside.

Propex isn’t solving just a property problem. It’s solving a mobility problem. An access problem. A trust problem.

Because the future isn’t about owning more.
It’s about accessing better.

And that’s what we’re building.

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