1. What a block is intended to be
No blocks have been issued. When a real property opens for investment, a "block" is intended to represent a share in the Special Purpose Vehicle (SPV) — a Private Limited company registered with the Securities and Exchange Commission of Pakistan (SECP) — that holds the property. No SPV has been incorporated yet.
2. What a block is not
A block is not a cryptocurrency. It is not a freely tradable security on a public exchange. It is not a deposit or a guaranteed-return product. It is not a personal residence right — owning blocks does not entitle you to physically occupy or use the property.
3. What rights a block gives you
The right to a proportional share of net rental income distributed by the SPV; the right to a proportional share of any sale proceeds if the SPV sells the property; the right to information disclosed by ReptoState about the SPV and its asset; voting rights at the SPV level only where specified in the SPV's articles or as required by law.
4. Transfer & resale
Blocks can only be transferred or resold through the ReptoState platform (subject to lock-in and price-band rules disclosed at launch). Off-platform transfers are not recognised.
5. Future blockchain representation
ReptoState may, in the future, add a blockchain-based representation that mirrors the SPV cap table on-chain. The SPV company register will remain the legal source of truth.
6. Acknowledgement
By purchasing blocks, you confirm that you understand the legal nature of what you are buying.
Last reviewed: 2026-05-01