Sanga SPV

Trust in a custodian is essential when it comes to tokenized real estate, as Sanga SPV is responsible for holding and managing the assets that are being tokenized.

Regulation and compliance: Sanga’ SPV will be regulated and compliant with all relevant laws and regulations under the (ADGM). ADGM is an independent jurisdiction that operates as a free zone within the emirate of Abu Dhabi. It has its own legal and regulatory framework, separate from the UAE Central Bank. The ADGM Financial Services Regulatory Authority (FSRA) is the regulatory body that oversees the financial services industry within ADGM, including the regulation of financial institutions, capital markets, and financial technology companies. The FSRA is responsible for issuing licenses and regulations, supervising financial institutions, and enforcing compliance with regulations. It also works closely with other regulatory bodies such as the UAE Central Bank and the Securities and Commodities Authority to ensure that the financial industry in Abu Dhabi operates in a safe, secure, and transparent manner. This helps to ensure that they are operating in a legal and ethical manner.
Security measures: Sanga SPV will have robust security measures in place to protect assets and ensure that they are stored safely. This can include measures such as multi-factor authentication, encryption, and regular security audits.
Third-party audits: Sanga’ SPV will have an independent third-party auditor to verify the assets, transactions, and the balance sheet.
Transparency: Sanga SPV will be transparent in their operations, providing regular reports and updates on the status of assets and any transactions that take place. Additionally, all transactions related to the digital deed tokens will be recorded and can be tracked using blockchain technology. This ensures that the ownership rights of the token holders can be verified and that the history of the tokens can be traced. To further ensure ownership rights, each digital deed token will be linked to the physical title deed of the property. This binding ensures that the token holder is the rightful owner of the property and can redeem their token for ownership rights at any time.

PreviousAvantis Lending Platform NextDigital Deed Holder Rights

Last updated 1 year ago

Trust in a custodian is essential when it comes to tokenized real estate, as Sanga SPV is responsible for holding and managing the assets that are being tokenized.

Regulation and compliance: Sanga’ SPV will be regulated and compliant with all relevant laws and regulations under the (ADGM). ADGM is an independent jurisdiction that operates as a free zone within the emirate of Abu Dhabi. It has its own legal and regulatory framework, separate from the UAE Central Bank. The ADGM Financial Services Regulatory Authority (FSRA) is the regulatory body that oversees the financial services industry within ADGM, including the regulation of financial institutions, capital markets, and financial technology companies. The FSRA is responsible for issuing licenses and regulations, supervising financial institutions, and enforcing compliance with regulations. It also works closely with other regulatory bodies such as the UAE Central Bank and the Securities and Commodities Authority to ensure that the financial industry in Abu Dhabi operates in a safe, secure, and transparent manner. This helps to ensure that they are operating in a legal and ethical manner.
Security measures: Sanga SPV will have robust security measures in place to protect assets and ensure that they are stored safely. This can include measures such as multi-factor authentication, encryption, and regular security audits.
Third-party audits: Sanga’ SPV will have an independent third-party auditor to verify the assets, transactions, and the balance sheet.
Transparency: Sanga SPV will be transparent in their operations, providing regular reports and updates on the status of assets and any transactions that take place. Additionally, all transactions related to the digital deed tokens will be recorded and can be tracked using blockchain technology. This ensures that the ownership rights of the token holders can be verified and that the history of the tokens can be traced. To further ensure ownership rights, each digital deed token will be linked to the physical title deed of the property. This binding ensures that the token holder is the rightful owner of the property and can redeem their token for ownership rights at any time.