Withdraw ₳3,000,000 for High-yield RWA Asset for Cardano: Tokenized Real Estate
This treasury withdrawal funds **High-yield RWA Asset for Cardano : Tokenized Real Estate** which will provide the following services: Haus is building an open-source Tokenized Home Equity Liquidity Protocol to unlock the $16 trillion in illiquid home equity sitting in U.S. residential real estate. By leveraging blockchain technology, our platform enables homeowners to sell fractional ownership of their home equity, instantly accessing liquidity while allowing investors to gain exposure to real estate appreciation. We have already prototyped and deployed this model on a private Ethereum blockchain, securing $20 million in Total Value Locked (TVL). With this proposal, we aim to transition HausCoin and the liquidity protocol to Cardano, leveraging its secure, scalable, and cost-effective infrastructure to power a decentralized marketplace for home equity trading. This Treasury Withdrawal is submitted by Intersect on behalf of the vendor. The following sections; Abstract, Motivation, Rationale and Vendor Profile have been sourced from the approved proposal submitted by the Vendor as part of the Intersect budget process. This treasury withdrawal funds one of 39 proposals to give effect to the approved budget info action for ₳275,269,340, administered by Intersect via gov_action1u9x73kwufaxa70lfy59g4ynwyrcsaxdcd0gxzzmh67s9fxq4j8hqqk2phgh. The information provided herein is intended to fulfill the spirit of the constitutional requirement for a treasury withdrawal info action by also providing the details of the proposed solution, alignment to the budget, and amount to be withdrawn from the Cardano Treasury.
Reasoning
Written after the vote was cast
What this asks for, and from whom
3,000,000 ADA for a high-yield real world asset product for Cardano.
What would have to be true for this to be a good use of treasury funds
Real world assets are one of the few categories bringing genuinely non-speculative activity on chain, and Cardano is behind on them.
What specifically concerns me
This was part of the 2025 Intersect budget slate, which I voted as a slate. I am saying that plainly rather than pretending each line got its own week of deliberation. The slate came through a community budget process with a support threshold before it ever reached the chain, and my judgment was that the process outcome deserved backing in Cardano's first real treasury cycle. On this item my framework pushes the other way: yield products are commercial ventures with obvious private funding paths, and the treasury should not be seeding financial products that can raise capital elsewhere. If I were voting this one in isolation today, with the framework I apply now, I would want to see private capital first.
What I am asking of the proposer if this passes
It was dropped. RWA proposals returning to the treasury should come after private capital has built and proven the product, seeking distribution support rather than construction money.