Network · Territory operators
Operate United Estate in your city
A territory is one city market. One published formula for every city. The platform keeps 30% of local fees everywhere; only the entry fee scales with the size of the opportunity, and most of it is paid on results.
Sovereign partner
Registry, digital zone, state bank
No entry fee. Exclusive zone, the oversight panel for the regulator, 25% of fees to the platform. First pilot run by our launch team in 99 days.
Licensed operator
Financial firm, platform, bank
Entry fee by formula, 30% of fees to the platform, 5 + 5 years, exclusivity while the volume plan holds. Or a 51/49 joint venture instead of a fee.
Originator partner
Developer group, broker network
$50–100k or zero against a volume commitment; 20% of fees on the deals you bring; non-exclusive; 3 years.
Price your territory
- Tokenized by year 3
- $240.0M
- Territory fees, year 3 (0.9%)
- $2.2M
- Platform share
- 30% · $648k
- Partner net, year 3
- $1.5M
- Entry fee
- $648k
- Paid in tranches
- $194k signing · $194k first payout · $259k year-2 plan
Formula: entry = min(3M, max(0.1M, M × T × 0.4 × 0.9% × share × risk)). Open markets: fee at the floor, platform share 35% until the registry integration is repaid. Sovereign partners and joint ventures pay no fee.
Fairness guarantees
One formula, published
The calculator shows the price before the first call. Inputs come from the territory’s registry and a public risk list.
Pay on results
30% at signing, 30% at the first investor payout, 40% on the year-2 plan. Miss the plan: the balance is not due, exclusivity lapses.
Best-partner clause
Better terms given later to a comparable territory extend to you automatically.
Contested territories by score
Capital for junior tranches, licence path, developer pipeline, fit and proper — not the highest fee.
Standard stays central
Oracle keys, verifier accreditation, token classes and the brand are the network’s. Step-in rights if the standard is broken.
Territories · top 50 city markets, every city with a legal framework, and the Global South pipeline
City market volumes are indicative estimates for the calculator, editable in the table; verify from each city’s registry before quoting. A territory is a city market: a partner operates one city, not a country. 28 cities outside the UAE already sit under a legal basis for tokenized property or digital securities.
75 of 75 cities
| # | City | Market, $bn | Readiness | Risk | Legal basis | Tokenized yr 3 | Fees yr 3 | Entry fee | Partner net yr 3 | Action |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | New York metro United States · Americas · estimate | Ready | 1.0 | Reg D / Reg A+ tokenized securities; live platforms | $4.2B | $37.8M | $3.0M | $26.5M | ||
| 2 | Dubai UAE · Middle East · from reported data | Ready | 1.0 | DLD tokenization programme · VARA | $3.9B | $35.3M | — | — | Operated by us | |
| 3 | Los Angeles metro United States · Americas · estimate | Ready | 1.0 | Reg D / Reg A+ tokenized securities | $3.9B | $35.3M | $3.0M | $24.7M | ||
| 4 | London United Kingdom · Europe · estimate | Ready | 1.0 | Digital Securities Sandbox 2024–2029 | $3.4B | $30.2M | $3.0M | $21.2M | ||
| 5 | San Francisco Bay Area United States · Americas · estimate | Ready | 1.0 | Reg D / Reg A+ tokenized securities | $3.1B | $27.7M | $3.0M | $19.4M | ||
| 6 | Dallas–Fort Worth United States · Americas · estimate | Ready | 1.0 | Reg D / Reg A+ tokenized securities | $2.0B | $17.6M | $3.0M | $12.3M | ||
| 7 | Tokyo Japan · Asia · estimate | Ready | 1.0 | Security tokens under FIEA; real-estate STOs live | $2.0B | $17.6M | $3.0M | $12.3M | ||
| 8 | Hong Kong Hong Kong SAR · Asia · estimate | Ready | 1.0 | SFC tokenized securities 2023 · Project Ensemble | $1.8B | $16.1M | $3.0M | $11.3M | ||
| 9 | Miami metro United States · Americas · estimate | Ready | 1.0 | Reg D / Reg A+ tokenized securities | $1.7B | $15.1M | $3.0M | $10.6M | ||
| 10 | Washington DC metro United States · Americas · estimate | Ready | 1.0 | Reg D / Reg A+ tokenized securities | $1.7B | $15.1M | $3.0M | $10.6M | ||
| 11 | Chicago United States · Americas · estimate | Ready | 1.0 | Reg D / Reg A+ tokenized securities | $1.5B | $13.9M | $3.0M | $9.7M | ||
| 12 | Houston United States · Americas · estimate | Ready | 1.0 | Reg D / Reg A+ tokenized securities | $1.5B | $13.9M | $3.0M | $9.7M | ||
| 13 | Seattle United States · Americas · estimate | Ready | 1.0 | Reg D / Reg A+ tokenized securities | $1.4B | $12.6M | $3.0M | $8.8M | ||
| 14 | Abu Dhabi UAE · Middle East · from reported data | Ready | 1.0 | ADREC MoU · ADGM FSRA | $1.3B | $11.3M | — | — | Operated by us | |
| 15 | Boston United States · Americas · estimate | Ready | 1.0 | Reg D / Reg A+ tokenized securities | $1.3B | $11.3M | $3.0M | $7.9M | ||
| 16 | Singapore Singapore · Asia · estimate | Ready | 1.0 | MAS digital securities · Project Guardian | $1.3B | $11.3M | $3.0M | $7.9M | ||
| 17 | Berlin Germany · Europe · estimate | Ready | 1.0 | eWpG electronic securities 2021 | $700.0M | $6.3M | $1.9M | $4.4M | ||
| 18 | Munich Germany · Europe · estimate | Ready | 1.0 | eWpG electronic securities 2021 | $700.0M | $6.3M | $1.9M | $4.4M | ||
| 19 | Osaka Japan · Asia · estimate | Ready | 1.0 | Security tokens under FIEA | $560.0M | $5.0M | $1.5M | $3.5M | ||
| 20 | Zurich Switzerland · Europe · estimate | Ready | 1.0 | DLT Act 2021 | $560.0M | $5.0M | $1.5M | $3.5M | ||
| 21 | Bangkok Thailand · Asia · estimate | Ready | 0.8 | SEC-approved real-estate-backed digital tokens since 2021 | $504.0M | $4.5M | $1.1M | $3.2M | ||
| 22 | Hamburg Germany · Europe · estimate | Ready | 1.0 | eWpG electronic securities 2021 | $420.0M | $3.8M | $1.1M | $2.6M | ||
| 23 | Frankfurt Germany · Europe · estimate | Ready | 1.0 | eWpG electronic securities 2021 | $336.0M | $3.0M | $907k | $2.1M | ||
| 24 | Geneva Switzerland · Europe · estimate | Ready | 1.0 | DLT Act 2021 | $224.0M | $2.0M | $605k | $1.4M | ||
| 25 | Almaty Kazakhstan · Central Asia · estimate | Ready | 0.8 | AIFC digital-asset framework · Alatau City | $168.0M | $1.5M | $363k | $1.1M | ||
| 26 | Luxembourg City Luxembourg · Europe · estimate | Ready | 1.0 | Blockchain laws I–IV | $168.0M | $1.5M | $454k | $1.1M | ||
| 27 | Astana Kazakhstan · Central Asia · estimate | Ready | 0.8 | AIFC digital-asset framework | $140.0M | $1.3M | $302k | $882k | ||
| 28 | Vaduz Liechtenstein · Europe · estimate | Ready | 1.0 | TVTG token law 2020 | $19.6M | $176k | $100k | $123k | ||
| 29 | San Salvador El Salvador · Americas · estimate | Ready | 0.8 | Digital Assets Law 2023 · DASP licences | $14.0M | $126k | $100k | $88k | ||
| 30 | Seoul South Korea · Asia · estimate | Forming | 1.0 | — | $1.9B | $17.3M | $3.0M | $12.1M | ||
| 31 | Sydney Australia · Asia-Pacific · estimate | Forming | 1.0 | — | $1.9B | $17.3M | $3.0M | $12.1M | ||
| 32 | Melbourne Australia · Asia-Pacific · estimate | Forming | 1.0 | — | $1.4B | $13.0M | $3.0M | $9.1M | ||
| 33 | Toronto Canada · Americas · estimate | Forming | 1.0 | — | $1.3B | $11.5M | $3.0M | $8.1M | ||
| 34 | Paris (Île-de-France) France · Europe · estimate | Forming | 1.0 | — | $1.1B | $10.1M | $3.0M | $7.1M | ||
| 35 | Brisbane Australia · Asia-Pacific · estimate | Forming | 1.0 | — | $720.0M | $6.5M | $1.9M | $4.5M | ||
| 36 | Vancouver Canada · Americas · estimate | Forming | 1.0 | — | $640.0M | $5.8M | $1.7M | $4.0M | ||
| 37 | Madrid Spain · Europe · estimate | Forming | 1.0 | — | $560.0M | $5.0M | $1.5M | $3.5M | ||
| 38 | Perth Australia · Asia-Pacific · estimate | Forming | 1.0 | — | $560.0M | $5.0M | $1.5M | $3.5M | ||
| 39 | Riyadh Saudi Arabia · Middle East · estimate | Forming | 0.8 | — | $560.0M | $5.0M | $1.2M | $3.5M | ||
| 40 | Auckland New Zealand · Asia-Pacific · estimate | Forming | 1.0 | — | $480.0M | $4.3M | $1.3M | $3.0M | ||
| 41 | São Paulo Brazil · Americas · estimate | Forming | 0.8 | — | $400.0M | $3.6M | $864k | $2.5M | ||
| 42 | Tel Aviv Israel · Middle East · estimate | Forming | 1.0 | — | $400.0M | $3.6M | $1.1M | $2.5M | ||
| 43 | Barcelona Spain · Europe · estimate | Forming | 1.0 | — | $352.0M | $3.2M | $950k | $2.2M | ||
| 44 | Amsterdam Netherlands · Europe · estimate | Forming | 1.0 | — | $320.0M | $2.9M | $864k | $2.0M | ||
| 45 | Milan Italy · Europe · estimate | Forming | 1.0 | — | $320.0M | $2.9M | $864k | $2.0M | ||
| 46 | Kuala Lumpur Malaysia · Asia · estimate | Forming | 0.8 | — | $288.0M | $2.6M | $622k | $1.8M | ||
| 47 | Oslo Norway · Europe · estimate | Forming | 1.0 | — | $288.0M | $2.6M | $778k | $1.8M | ||
| 48 | Stockholm Sweden · Europe · estimate | Forming | 1.0 | — | $288.0M | $2.6M | $778k | $1.8M | ||
| 49 | Copenhagen Denmark · Europe · estimate | Forming | 1.0 | — | $240.0M | $2.2M | $648k | $1.5M | ||
| 50 | Jakarta Indonesia · Asia · estimate | Forming | 0.8 | — | $240.0M | $2.2M | $518k | $1.5M | ||
| 51 | Jeddah Saudi Arabia · Middle East · estimate | Forming | 0.8 | — | $240.0M | $2.2M | $518k | $1.5M | ||
| 52 | Lisbon Portugal · Europe · estimate | Forming | 1.0 | — | $240.0M | $2.2M | $648k | $1.5M | ||
| 53 | Dublin Ireland · Europe · estimate | Forming | 1.0 | — | $192.0M | $1.7M | $518k | $1.2M | ||
| 54 | Vienna Austria · Europe · estimate | Forming | 1.0 | — | $192.0M | $1.7M | $518k | $1.2M | ||
| 55 | Warsaw Poland · Europe · estimate | Forming | 1.0 | — | $160.0M | $1.4M | $432k | $1.0M | ||
| 56 | Doha Qatar · Middle East · estimate | Forming | 1.0 | — | $112.0M | $1.0M | $302k | $706k | ||
| 57 | Lagos Nigeria · Africa · estimate | Forming | 0.6 | — | $96.0M | $864k | $156k | $605k | ||
| 58 | Ras Al Khaimah UAE · Middle East · from reported data | Forming | 1.0 | — | $64.0M | $576k | — | — | Operated by us | |
| 59 | Tbilisi Georgia · Caucasus · estimate | Forming | 0.8 | — | $40.0M | $360k | $100k | $252k | ||
| 60 | Bishkek Kyrgyzstan · Central Asia · estimate | Forming | 0.6 | Virtual-asset law; Tamchy zone | $19.2M | $173k | $100k | $121k | ||
| 61 | Shanghai China · Asia · estimate | Open | 0.6 | — | $2.0B | $18.0M | $100k | $11.7M | ||
| 62 | Beijing China · Asia · estimate | Open | 0.6 | — | $1.6B | $14.4M | $100k | $9.4M | ||
| 63 | Shenzhen China · Asia · estimate | Open | 0.6 | — | $960.0M | $8.6M | $100k | $5.6M | ||
| 64 | Taipei Taiwan · Asia · estimate | Open | 0.8 | — | $320.0M | $2.9M | $100k | $1.9M | ||
| 65 | Mumbai (MMR) India · Asia · estimate | Open | 0.8 | — | $240.0M | $2.2M | $100k | $1.4M | ||
| 66 | Istanbul Turkey · Europe · estimate | Open | 0.6 | — | $200.0M | $1.8M | $100k | $1.2M | ||
| 67 | Cairo Egypt · Africa · estimate | Open | 0.6 | — | $160.0M | $1.4M | $100k | $936k | ||
| 68 | Delhi NCR India · Asia · estimate | Open | 0.8 | — | $160.0M | $1.4M | $100k | $936k | ||
| 69 | Mexico City Mexico · Americas · estimate | Open | 0.8 | — | $120.0M | $1.1M | $100k | $702k | ||
| 70 | Ho Chi Minh City Vietnam · Asia · estimate | Open | 0.6 | — | $96.0M | $864k | $100k | $562k | ||
| 71 | Tashkent Uzbekistan · Central Asia · estimate | Open | 0.6 | — | $32.0M | $288k | $100k | $187k | ||
| 72 | Nairobi Kenya · Africa · estimate | Open | 0.8 | — | $24.0M | $216k | $100k | $140k | ||
| 73 | Accra Ghana · Africa · estimate | Open | 0.6 | — | $16.0M | $144k | $100k | $94k | ||
| 74 | Luanda Angola · Africa · estimate | Open | 0.6 | — | $12.0M | $108k | $100k | $70k | ||
| 75 | Kampala Uganda · Africa · estimate | Open | 0.6 | — | $8.0M | $72k | $100k | $47k |
Readiness: Ready = a working programme for tokenized property or digital securities; Forming = MoU, sandbox or draft law; Open = no framework yet. Risk factor follows a public list of currency convertibility and title protection. Year-3 volume = market × readiness share × 40%. All figures in USD; territory fees at the 0.9% target take rate.