Nauta is a real estate tokenization platform with an active and growing user base in Colombia. In our initial submission, we migrated our bespoke ledger-like solution to Stellar (launched in production on February 28th) in preparation for our second phase: Nauta DeFi, which will leverage the power of Soroban to bring Secondary Market and Lending/Borrowing capabilities to our platform.

Nauta is uniquely positioned to be one of the largest projects to launch in the Soroban ecosystem, bringing an existing user base of 5,740 registered users and 1,496 verified users and acquiring an average of 4 new daily users who buy at least one token.

About Nauta

Nauta simplifies real estate investing by allowing users to purchase digital tokens representing fractional ownership of properties.

Nauta’s goal is aligned with Stellar’s mission: creating equitable access to the global financial system through blockchain technology.

Through our platform, individuals can easily invest in real estate assets without substantial capital, making property ownership accessible to a broader audience.

Through Nauta’s wallet, users can control their real estate investment portfolios. They can monitor their holdings, receive profits, withdraw earnings, purchase property fractions, and seamlessly transfer funds in USDC and fiat currencies.

Problem

The platform addresses the accessibility issue prevalent in the real estate market, where many individuals lack the means to participate due to high entry barriers. By tokenizing real estate assets, we enable people to invest in properties with smaller amounts, breaking down financial barriers and democratizing access to real estate investments. This benefits individuals seeking to diversify their investment portfolios and build wealth through real estate, particularly those previously excluded from the market.

Nauta DeFi

Leveraging Soroban, Nauta will roll out two new features, as described in our original submission:

• 1. Creating a secondary market where users can trade real estate tokens, providing liquidity and flexibility to investors.
• 2. Lending/Borrowing, where users can borrow funds using their property tokens as collateral, further increasing accessibility and liquidity in the market.
• With Soroban's capabilities, Nauta aims to create a dynamic real estate investment ecosystem that empowers individuals to unlock the potential of property ownership.

At Nauta, we're currently in the process of developing a tokenized project in the United States. While it's still in its initial stages, it's crucial to provide a comprehensive explanation in our application to showcase our dedication to Nauta, our roadmap, and our continuous efforts to improve our platform.
 

Presently, we're in the early stages of organisation, collaborating with our accountant and legal team in the USA. We're exploring the establishment of a holding structure and companies for the properties, working to structure the project from scratch in the United States. We're actively pursuing land acquisition, which will serve as the foundation for this project. Our focus is on creating a structure that allows both foreign and US investors to participate, minimising estate tax exposure and operating tax. We're researching and drawing insights from various tokenization projects in the United States, such as Realt or Vave, with a particular emphasis on acquiring Latin American users interested in properties from the USA. We may need to adjust the minimum investment amount to ensure compliance with regulations (currently, the minimum is 10 USD). For land acquisition,  we already have multiple investors with a minimum of $50,000 USD each. Once the land is secured, we'll proceed to tokenize the project, aiming to develop 12 apartments. We're considering setting a token price between $1,000 and $5,000 USD each, inspired by a similar model utilized in the US that caters to both US-only and foreign investors within the same tokenization process.

Stefano Lignarolo (Fano)

CEO - CO FOUNDER (Architect and Real Estate Developer )

https://www.linkedin.com/in/stefano-lignarolo-263915159/

As the founder of Nauta with a background as an architect, real estate developer, and blockchain enthusiast eager to utilize technology for real-life applications, I possess intimate knowledge of the intricacies and dynamics of the real estate industry. This firsthand experience enables us to deeply understand the pain points and demands of real estate investors, developers, and government entities.
 

Laura Posso (laup91)

COO - CO FOUNDER (Ex Rappi, Head of growth and operations, founding team Modak(Fintech))

https://www.linkedin.com/in/lauraposso0111/

Laura Posso, Nauta's COO, has honed her skills in growth strategies through her journey in fintech and delivery startups across Latin America. With a robust track record in managing early-stage startups, she has adeptly tackled challenges related to growth and automation. Laura's leadership is demonstrated by her experience in overseeing teams of over 25 individuals, where she was responsible for areas including growth, customer services, operations, and data management
 

Manuel Adan - Tech Lead

Jorge Sanabria - Backend Developer

Semjase Benjumea - Product Designer

Juan Esteban Cardona - Lawyer

Natalia Ruiz - Real Estate Developer

Cristian Salazar - Lawyer

Camilo Franco - Specialist in Alternative investments (Real Estate)

Nauta currently has 4 working developers @ USD 50/hr; some tasks may be completed in parallel. Please note Nauta is already in production with 550k USD AUM and our changes are carefully tested before going live.

1 sprint = 2 weeks

Secondary Market

[Deliverable 1]

Secondary Market dApp - 3 sprints

Nauta is designing the secondary market module. This deliverable will be implemented to allow users to connect their wallets and set buy/sell orders using Stellar Classic.

The deliverable is the base dApp, where select beta users can place, sell or buy orders for fractions of specific tokens.

We see value in delivering this first version using Stellar Classic because it is a proven solution.

This can be tested by being part of the reviewers in our test environment (or in production if you are a Colombian national and you pass KYC)

This first deliverable serves as a base for the other modules (e.g. the connecting wallet is reusable, as will be some common libraries to manage Nauta’s interaction with the Stellar network and common UI components)

Budget: USD 24,000 (2 devs, 160 hrs/month x 1.5 months @ 50 USD/hr)

[Deliverable 2]

Secondary Market Smart Contract - 2 sprints

The second iteration works alongside the simple DEX implementation, and includes a Smart Contract for users who want to set a buy order for any available Nauta asset.

Future iterations may include a “Nauta Index” where people can buy a fraction of multiple properties at once.

Budget: USD 16,000 (2 devs, 160 hrs/month @ 50 USD/hr)

Lending/Borrowing

[Deliverable 1]

Lending/Borrowing smart contract - 2 sprints

The smart contract will work with USDC as outlined in the technical documentation allowing users to take out collateralised loans using their property fractions. This smart contract will contain all the regular functionalities of a loan contract (borrow, repay, liquidate, etc.).

While this smart contract is primarily a collateralised 

Budget: USD 16,000 (2 devs, 160 hrs/month @ 50 USD/hr)

[Deliverable 2]

Lending/Borrowing dApp - 2 sprints

Once the smart contract is ready, we’ll commence the development of the dApp which will reuse some of the functionality (such as connecting wallets) from the previous module.

Budget: USD 16,000 (2 devs, 160 hrs/month @ 50 USD/hr)

Audit & Fixes

[Deliverable 1]

This is a common deliverable for both smart contracts.

Audit (approx. 10k USD quote) & Fixes - 2 sprints

Budget: 26,000 composed by USD 10,000 for the audit and USD 16,000 (2 devs, 160 hrs/month @ 50 USD/hr)