Propbase

What Propbase does

Propbase is a blockchain-based real estate tokenization platform operated by PB Labs Co., Ltd., a Wyoming-incorporated entity founded by Kevin Goos in 2012, with a Luxembourg subsidiary (PBSV Sarl) supporting institutional offerings. The platform enables fractional ownership of professionally managed hotel-brand properties — including Wyndham Garden Residences and CASSIA Banyan Tree Rama 9 — by issuing property-backed tokens on the Aptos blockchain (with cross-chain presence on Base and Ethereum via LayerZero and Chainge bridges). Each property is held in a U.S.-registered LLC, providing investors with direct legal ownership rather than synthetic price exposure.

The product stack comprises four core modules: Propbase Nexus (a decentralized launchpad for onboarding real-estate assets), Propbase Apex (a CLMM-based secondary marketplace built on Trader Joe V3 in Move), Propbase Yield (a PROPS staking protocol), and Propbase Swap (a built-in DEX). The ecosystem is governed and transacted through the PROPS utility token, which is used for transaction fees, staking memberships, governance, and rewards; the token has a fixed supply of 1.2B with an 8-year extended vesting schedule and an annual inflation rate of approximately 7.78%. Supporting integrations include SumSub for KYC/AML, CertiK for smart-contract audits, Pyth for price feeds, and Nodit for real-time indexing.

The business model is multi-stream: platform transaction fees on marketplace trades, primary-sale proceeds from tokenized property offerings, subscription-style membership tiers gated by PROPS staking, and protocol fees on DEX swaps. The go-to-market is product-led and community-led — self-serve onboarding with KYC in under five minutes, a $100 minimum investment, and community channels spanning X, Telegram, Discord, Medium, and LinkedIn. Primary customer segments are global retail investors seeking fractional real-estate exposure (excluding US persons and sanctioned jurisdictions), with a secondary institutional segment served through the Luxembourg SPV. Geographic focus is concentrated in the European Union, Southeast Asia (Thailand, Singapore), and the MENA region.

Name

Propbase

Legal name

PB Labs Co., Ltd.

Website

https://propbase.app

Company type

Private

Founded year

2012

Operating status

Operating

Headcount range

1–10 employees

Short description

Propbase is a blockchain-based real estate tokenization platform on Aptos that enables fractional ownership of hotel-brand properties via property-backed tokens, held in U.S. LLCs and traded on a CLMM-based secondary marketplace, serving global retail and institutional investors.

Ownership category

akta.pro rank

Product category

Real Estate Tokenization Platform

NAICS

Funds, Trusts, and Other Financial Vehicles (525), Other Investment Pools and Funds (5259), Other Financial Vehicles (525990)

SIC

Real Estate Dealers (For Their Own Account) (6532), Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Security Brokers, Dealers & Flotation Companies (6211)

akta.pro industry

PRIMARYFSADAEAC

Real Estate Tokenization Platforms

Financial & Insurance/Crypto & Digital Assets/Tokenization & Real-World Assets (RWA) Platforms

SECONDARYFSAGAMAA

Tokenization Platforms (RWA, Securities, Funds)

Financial & Insurance/Financial Technology (Fintech)/Blockchain & Web3 Financial Infrastructure (Tokenization, Custody Tech)

SECONDARYFSAPAIAD

Tokenized Securities & Capital Markets Infrastructure (equities, bonds, funds, ATS/MTF connectivity)

Financial & Insurance/Blockchain & Web3/Enterprise Blockchain & Tokenization (permissioned networks, RWA tokenization)

Keywords

• Real estate tokenization
• Fractional real estate
• Blockchain property investment
• DeFi real estate
• Tokenized real estate

Headquarters

HQ city

Hong Kong

HQ country

Hong Kong SAR China

HQ region

Asia

Offices1 record

Markets served

GTM type

B2C

Offering type

Software

Cost components

Technology or R&D, Marketing or Sales, Personnel, Operations

Revenue model

1. Platform Transaction Fees: Fees charged on property token transactions and trades on the Propbase marketplace and APEX Secondary Marketplace, including protocol fees and liquidity provider fees.
2. Property Token Sales (Primary Market): Revenue generated from initial sale of tokenized property tokens on the Nexus platform during primary property offerings.
3. Membership Staking Fees & Discounts: Users stake PROPS tokens to gain memberships that provide access to platform features, early access to whitelist spots, fee discounts, and exclusive offerings. Staking generates platform utility and fee revenue.
4. PROPS Token Utility: The PROPS token is used for governance, transaction fee payments, staking rewards, and membership benefits. Protocol fees accrue to Propbase when users initiate orders on the Propbase platform.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels9 records

Core offering

Propbase operates a blockchain-based real estate tokenization platform (built on Aptos with bridges to Base and Ethereum) that converts professionally managed hotel and resort properties into fractional, on-chain property tokens held in U.S.-registered LLCs. Investors can buy fractional shares starting at $100, earn automated on-chain rental yield distributions, and trade property tokens peer-to-peer on the APEX Secondary Marketplace (CLMM-based), with PROPS serving as the platform's native utility and governance token.

Product overview

Propbase is a blockchain-powered real estate investment platform enabling fractional ownership of properties through tokenization. The product portfolio consists of Propbase Nexus (decentralized launchpad for asset onboarding), Propbase Apex (CLMM-based secondary marketplace for property tokens), Propbase Yield (staking protocol), and Propbase Swap (built-in DEX for PROPS trading). The ecosystem is powered by PROPS, the platform's native utility token enabling governance, transaction fees, rewards, and memberships. Properties are held in U.S.-registered LLCs providing true legal ownership, with an institutional-grade Luxembourg SPV structure (PBSV Sarl) for larger offerings. The platform offers tokenized real estate with minimum investments of $100, automated rental yield distribution, and P2P marketplace trading, all built on the Aptos blockchain with multi-chain support across Aptos, Base, and Ethereum.

Differentiator

Problem solved

Functional benefit

Brands

• Nexus: A next-generation decentralized launchpad for real estate asset onboarding to the blockchain, incorporating automated yield distribution for rental yields.
• Apex
• Yield

Products and services

• Propbase Nexus Next-generation decentralized launchpad for onboarding real estate assets to the blockchain, enabling tokenization, automated rental yield distribution, and daily rental yield claims with globally compliant token standards.
• Propbase Apex Secondary Marketplace Fully decentralized, peer-to-peer marketplace for property-backed tokens featuring CLMM (Concentrated Liquidity Market Maker) algorithms, enabling users to buy and sell property tokens anytime, from anywhere, with deep on-chain liquidity.
• Propbase Yield Staking protocol enabling clients to stake and restake PROPS directly on a decentralized protocol with self-executing smart contracts, earning rewards and unlocking platform membership benefits.
• Propbase Swap Built-in decentralized exchange (DEX) on Aptos enabling fast, secure PROPS token exchanges with low fees, real-time pricing, and a smooth trading experience.
• Luxembourg SPV Compartment (PBSV Sarl)

Quantifiable outcome

• Projected IRR of 12.26% and net yield of 6.76% on Wyndham Garden Residences property tokens
• +4 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration16 records

Feature8 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• XT.comcoreChannel Partner/ Reseller/ Distributor · 1 February 2025PROPS token listed on XT.com exchange in February 2025 to strengthen the PROPS coin economy and provide secondary market trading access for PROPS holders.
• CertiKcoreTechnology or IntegrationCertiK conducted a comprehensive security audit of Propbase's APEX smart contracts (CLMM-based secondary marketplace), successfully validating top-tier security and performance. All contract revisions post-audit were completed and deployed to mainnet.
• Wyndham Hotels & ResortscoreStrategic or Co-development PartnerWyndham Garden Residences properties are professionally managed by Wyndham Hotels & Resorts brand and tokenized on the Propbase platform. Properties offer projected IRR of 12.26% and net yield of 6.76%.
• Banyan Tree Hotels & ResortscoreStrategic or Co-development PartnerCASSIA Banyan Tree Rama 9 property professionally managed by Banyan Tree brand and tokenized on the Propbase Nexus platform, offering projected IRR of 12.01% and net yield of 6.51%.
• SumSubcoreTechnology or IntegrationSumSub (Sum And Substance Ltd, UK) is Propbase's third-party identity verification provider for KYC/AML compliance procedures. Propbase uses SumSub for customer identification, verification, and AML screening.
• Trader JoecoreTechnology or IntegrationPropbase's APEX Secondary Marketplace is built on Trader Joe's V3 open-source smart contracts using CLMM (Concentrated Liquidity Market Maker) algorithms implemented in Move programming language on Aptos.
• CoinMarketCap / CoinGeckominorOthersPROPS token verified circulating supply listed on CoinMarketCap and CoinGecko for transparent tokenomics tracking.

Scale indicators13 records

Recent moves3 records

Expansion highlights6 records

Direct peers

• RealT: RealT is one of the largest real estate tokenization platforms, tokenizing US rental properties via ERC-20 tokens on Ethereum/Gnosis Chain. It is a direct competitor to Propbase in the fractional real estate tokenization space, targeting individual investors with low minimums.
• Propy: Propy is a blockchain-based real estate platform providing tokenized property transactions and decentralized title/escrow services. It targets a similar goal of making real estate transactions more accessible and liquid, with overlapping retail and institutional use cases.
• Lofty: Lofty tokenizes single-family rental properties in the US on the Algorand blockchain, offering fractional ownership and daily rental distributions. It shares the same core use case and retail target audience as Propbase's hotel/resort tokenization.
• Landshare: Landshare tokenizes US real estate through tokenized property investments on the Binance Smart Chain. It shares the same product model of fractional ownership + rental yield distribution, targeting retail crypto-native investors.
• Tangible: Tangible is a real estate-backed NFT marketplace and tokenization platform built on Polygon, allowing users to buy fractional ownership of physical properties. It competes directly with Propbase in the accessible real estate tokenization segment.

Broad incumbents

• Securitize: Securitize is a leading digital securities platform providing end-to-end tokenization, issuance, and lifecycle management for regulated securities. It operates as a broader incumbent in the tokenized securities infrastructure space, intersecting with Propbase's institutional SPV offerings.
• Ondo Finance: Ondo Finance is a well-capitalized RWA platform offering tokenized US Treasuries and structured yield products. While focused on fixed income rather than real estate, it competes for the same RWA tokenization narrative and institutional capital flows.

Emerging players

• Brickken: Brickken is a tokenization platform enabling businesses to issue digital securities backed by real-world assets, including real estate. It shares Propbase's model of creating compliant tokenized securities with on-chain ownership records.
• Centrifuge: Centrifuge is an RWA tokenization platform primarily focused on tokenizing invoices, trade finance, and other alternative assets. Its Tinlake/Centrifuge protocol shares Propbase's broad RWA infrastructure thesis though with a different asset focus.
• Parcl: Parcl is a blockchain-based real estate indexing and investment platform that provides synthetic exposure to residential real estate markets. While it is more index/synthetic in nature, it competes in the broader accessible real estate investing category.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/PropbaseApp
• YouTubeyoutube.com/@PropbaseApp
• LinkedInlinkedin.com/company/propbaseapp

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Propbase