Glasshaus Whitepaper
Revolutionizing real estate investment through blockchain-powered fractional ownership
Date: July 18, 2025 • Authors: Glasshaus Team
$100
Minimum Investment
20-30%
Target Annual Yield
Miami
Initial Market Focus
Cardano
Blockchain Platform
Abstract
Glasshaus is a blockchain-powered platform revolutionizing real estate investment by tokenizing yield-producing residential properties in Miami, Florida. Leveraging Cardano's secure, low-cost infrastructure, we enable fractional ownership of short-term rentals, vacation homes, and long-term leases, delivering automated on-chain yield distributions (targeting 20-30% YoY) while empowering token holders with quasi-centralized governance.
Our hybrid model partners with licensed brokers for off-chain operations (acquisitions, management, rentals), integrated with on-chain voting for transparency and community input.
- • High barriers to real estate entry
- • Opaque yield management
- • Inefficient governance
- • Cardano-native fractional shares
- • Automated smart-contract distributions
- • User-friendly platform with federated auth
Problem Statement
Traditional real estate investment in high-yield markets like Miami faces significant hurdles:
Minimum investments often exceed $100,000, excluding retail investors from premium assets like vacation rentals yielding 20-30% annually.
Assets are illiquid (slow sales) and location-bound, limiting global access and diversification.
Investors rely on intermediaries for rentals/maintenance, with manual distributions prone to delays, fees, and lack of transparency.
No democratic input on key decisions (e.g., upgrades, sales), leading to misalignment between owners and managers.
Cross-border investments involve complex KYC/AML and securities compliance, deterring participation.
Solution: Glasshaus Platform
Glasshaus democratizes Miami real estate through real-world-asset (RWA) tokenization on Cardano:
Properties tokenized into divisible shares starting at $100 minimums
Rental income distributed quarterly on-chain with capital appreciation payouts
Token holders vote on proposals while licensed broker handles operations
Next.js app with federated login for low-friction onboarding
Tokens tradable on Cardano DEXes, backed by real assets
Partnership with licensed brokers ensures full compliance
Token Model and Tokenomics
- • Native assets representing fractional ownership
- • Fixed supply per property
- • Example: "MiamiCondoToken"
- • Minted via Plutus policy scripts
- • Utility token for staking and voting
- • Total supply: 1,000,000,000 (1B)
- • Yield boosts and rewards
- • Deflationary mechanics
Governance
Weighted voting on proposals with 51% quorum requirement
Yield Multipliers
Lock GHAUS for +5% bonus on property distributions
Rewards Program
Earn GHAUS from staking pools and referrals
On-Chain Governance
Proposal Lifecycle
Proposal Types
- • Property acquisitions
- • Maintenance approvals
- • Yield parameter adjustments
- • Treasury allocations
Quorum Rules
- • 51% of staked GHAUS required
- • Weighted by stake amount/duration
- • Auto-execute via smart contracts
- • Broker veto for compliance
Technical Architecture
- • Minting policies for tokens
- • Treasury validator for distributions
- • Governance scripts for voting
- • Automated yield distribution
- • Next.js 15 with TypeScript
- • Federated auth via Supabase
- • MeshJS for wallet integration
- • Zustand for state management
Business Plan & Roadmap
Testnet MVP
- • Token minting
- • Basic voting UI
- • Initial testing
Mainnet Launch
- • First property tokenization
- • Seed raise
- • Public beta
Scale & Expand
- • 10 properties target
- • DEX listings
- • Full broker integration
Platform Evolution
- • Expand beyond Miami
- • DAO governance
- • Global markets
Risks & Mitigations
Diversified yields across properties; insurance on all assets
Compliance-first design with licensed broker partnerships
Third-party audits; extensive testnet iterations before mainnet
Glasshaus bridges traditional real estate with Web3, turning Miami yields into accessible, transparent investments. With GHAUS at the helm, we're building the future of RWAs—join us in governing and profiting from it.