Proof of Asset Backing (PAB)
At BPrime Assets Ltd, transparency and trust are fundamental to our platform.
Our Proof of Asset Backing (PAB) system ensures that every NFT issued by BPrime is connected to a real, identifiable physical asset.
This page explains how we verify and maintain the relationship between digital NFTs and real-world land assets.
1. Real Assets Behind Every NFT
Each Real Estate NFT issued by BPrime Assets Ltd represents a specific parcel of land.
Before being listed on bprimeassets.com, each asset undergoes internal verification procedures to ensure that the property:
- exists as a physical land asset
- has identifiable location details
- has supporting documentation
- can be linked to a specific NFT.
This ensures that every Real Estate NFT is associated with a real-world property.
2. Unique Asset Identification
Every BPrime land NFT is linked to a unique asset identifier, which may include:
- plot reference
- property location information
- survey reference
- internal asset identification number.
This identifier allows the NFT to be traced back to the underlying physical property.
3. Documentation Supporting the Asset
Each asset associated with a BPrime Real Estate NFT is supported by property documentation such as:
- survey plans
- layout references
- land allocation records
- deed documentation where applicable.
These documents form part of the verification process that connects the digital NFT with the real asset.
4. Blockchain Ownership Record
Ownership of the NFT is recorded on a blockchain network, which provides:
- a permanent transaction record
- transparent ownership history
- verifiable proof of NFT transfers.
This ensures that the digital certificate of entitlement remains secure and traceable.
5. Legal Ownership of the Land
The NFT acts as a digital certificate linked to the property.
To finalize legal ownership of the land, the buyer must complete the documentation process with BPrime Assets Ltd, including the signing and collection of the Deed of Assignment.
Once the Deed of Assignment has been executed and collected:
- the ownership of the land becomes legally transferred to the buyer
- the transaction is considered final
BPrime Assets Ltd no longer retains ownership rights over the land.
6. Transparency Commitment
BPrime Assets Ltd is committed to maintaining a system where digital ownership reflects real-world asset backing.
Our Proof of Asset Backing approach helps ensure that:
Real Estate NFTs are connected to identifiable assets
- buyers have access to asset-related information
- ownership processes remain transparent.
7. Independent Verification
Buyers are encouraged to conduct independent due diligence where necessary.
This may include:
- reviewing documentation
- consulting legal professionals
- confirming property information with relevant authorities.
8. Our Commitment
BPrime Assets Ltd believes that combining blockchain technology with real-world assets can create a more transparent and accessible property ownership system.
Our Proof of Asset Backing framework is part of our commitment to building a trustworthy digital asset ecosystem.
Contact
For questions regarding asset verification or ownership documentation, please contact:
You can reach us via:
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Email: info@bprimeassets.com
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Phone: +234 812 365 7315
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Contact Form: https://bprimeassets.com/contact/
Our team is available to answer inquiries, provide guidance, and support your investment journey.