{"signature": "0x28bd54608584de141774ccc032e81615cc4994348a63ede9d4d32819e18f2beb0e4944f723408bc5f81a1b6c437f9476d5f99dc3fd2a46db948d71f8f2069a5f1c", "application": {"round": "0x523d76f39f6e6c7dd6a6707ed3b4490a386434a2", "answers": [{"type": "email", "hidden": true, "question": "Email Address", "questionId": 0, "encryptedAnswer": {"ciphertext": "VnrcBODmF2oFWEGfAasFgARaa+9raktn2D0bXejBcUxQjo6XVaDZCzwIu5vDLTcQ", "encryptedSymmetricKey": "df9787257e3287ec2db73541bfa7bb71ae89e66d72894cf15f4a430dabab0ef2bae4e54ec71bfae276f7945a1a2fb002ca26970fc39cc1f8462415c3ec95ebe80f0b057995a63e5fd4c7713e0ae247208e9c36372efb82b0b3d85c7b03c188848ee91e841f493f7eaffadaee9f6a98991e332796f81cb5dbc9512ae669c067360000000000000020c5361d5315699e8f836f15c7bb311c8b161221466a0999df74d25113d9efc69c58403bbe86012a66c8bb645030e6f8a5"}}, {"type": "multiple-choice", "answer": "Building - Deployment of RWAs", "hidden": false, "question": "Which of the following RWAIG funding categories does your project fall under? ", "questionId": 1}, {"type": "number", "answer": "50000", "hidden": false, "question": "Funding Request ($USD) ", "questionId": 2}, {"type": "paragraph", "answer": "Elseware’s project addresses critical challenges within the real estate investment landscape through tokenization. By tokenizing properties like Brownsville and Moore Street Apartments, we aim to solve the problem of liquidity and limited access to real estate investments. Traditional real estate investments are often characterized by high barriers to entry, lengthy transaction times, and limited liquidity options. Tokenization transforms these assets into digital tokens on a blockchain, allowing fractional ownership and enabling investors of varying sizes to participate in real estate opportunities. This democratization of access not only enhances liquidity by enabling secondary market trading but also increases transparency and operational efficiency through blockchain based asset management and reporting systems. Ultimately our project seeks to make real estate investments more accessible, liquid, and transparent through innovative tokenization solutions. ", "hidden": false, "question": "What problem is your project solving in the RWA space?", "questionId": 3}, {"type": "paragraph", "answer": "Elseware distinguishes itself from other projects by being a fully licensed broker-dealer and digital ATS, allowing us to fully leverage the power of blockchain for securities. With live deals in the pipeline ready to be brought to market, Elseware is poised to make a significant impact. Having a legitimate tokenized CRE issuer on Arbitrum will greatly benefit the ecosystem by introducing new value, attracting investors, and securely storing data within Arbitrum’s network. Arbitrum would want Elseware in its ecosystem for several reasons: increased value through diversified assets, attraction of new investors, enhanced credibility, enriched data integration, and the drive for innovation and growth within decentralized finance and digital asset management. Elseware’s participation can lead to a more robust, diverse, and dynamic blockchain environment on Arbitrum.", "hidden": false, "question": "Explain how your project is different from others and will bring value to the RWA ecosystem on Arbitrum. ", "questionId": 4}, {"type": "paragraph", "answer": "We have following portals developed\n\n- Elseware Admin Portal (Full admin functions to manage the portals listed below and serve tokenization, blockchain related reporting)\n- Primary Market Investor Portal (for investor to browse marketplace to invest, monitor investment portfolio and manage multiple accounts)\n- Primary Market Issuer Portal (for Issuer to manage their issuance including fund raising flow, cap table, distribution etc)\n- Primary Market Broker-Dealer Portal (for Broker-Dealer to facilitate issuance DD, publishing, settlement etc.)\n- Secondary Market ATS Portal (Licensed Digital ATS) *ETA end of July*\n\nCurrent Hurdles: \n\n1. Tokenization costs (for issuers)\n2. Smart contract refining\n3. Blockchain features", "hidden": true, "question": "[Answer this if you have chosen Building - Deployment of RWAs, otherwise type N/A] What stage of development is your project currently in?", "questionId": 5}, {"type": "paragraph", "answer": "N/A", "hidden": true, "question": "[Answer this if you have chosen Building - Strengthening Analytics, otherwise type N/A] How many Arbitrum users or projects (rough estimate) would benefit from the analytics you are providing?", "questionId": 6}, {"type": "paragraph", "answer": "N/A", "hidden": true, "question": "[Answer this if you have chosen Building - RWA Token Standards, otherwise type N/A] How will the standard make it smoother to deploy RWAs onto Arbitrum?", "questionId": 7}, {"type": "paragraph", "answer": "N/A", "hidden": true, "question": "[Answer this if you have chosen Research, otherwise type N/A] Describe how your research will lead to reduced costs for projects aiming to deploy RWAs on Arbitrum.", "questionId": 8}, {"type": "paragraph", "answer": "N/A", "hidden": true, "question": "[Answer this if you have chosen Awareness, otherwise type N/A] Describe your awareness content piece and outline its structure in detail.", "questionId": 9}, {"type": "short-answer", "answer": "The target audience will be investors (retail, institutional, accredited), CRE broker dealers, Fund managers, RE developers etc.", "hidden": true, "question": "What is the target audience for this project? ", "questionId": 10}, {"type": "paragraph", "answer": "**Brian Wu, CEO** - Prior to Elseware, Mr. Wu served as Co-Founder and President of Ecesis Investment. In this capacity, Wu directed company operations and managed $250MM AUM trading in the US electricity markets. As the Co-Founder, Managing Director, and Head of Quant at Guzman Energy Group, Mr. Wu led the quantitative and engineering teams to bolster business lines. He devised pricing and risk models for PPA portfolios, guided physical energy procurement, and created and scaled the proprietary ETRM system, elevating financial trading capacity. \n\n**Brian S. Soto, Business Advisor** - Brian S. Soto, Director of Acquisitions & Asset Management at Time Equities, Inc., has worked in the real estate industry in the Greater New York City area for over 15 years. Mr. Soto co-heads an acquisitions and asset management team with responsibilities for a 11,000,000 square foot office, industrial, residential and retail portfolio for Time Equities Inc. Over the past 10 years at TEI he has sourced, underwritten and structured new acquisitions and overseen asset management for over 40 properties in 17 states.", "hidden": true, "question": "What are the roles and experiences of project team members?", "questionId": 11}, {"type": "paragraph", "answer": "0", "hidden": true, "question": "How much funding has your project raised already?", "questionId": 12}, {"type": "short-answer", "answer": "No", "hidden": true, "question": "Is this project already funded by other grant programs? If funded by any Arbitrum-related programs, please specify.", "questionId": 13}], "project": {"id": "0x0c1a7a8c3b4924839d056bc2ca259236f93d463d54db3e43103c49e3e1c4e9da", "title": "Elseware Tokenized CRE Assets", "logoImg": "bafkreih3msunzth4ln5e4zskenj5bwcicxx5nmrg47r7vtrb3bqfn2vu5a", "metaPtr": {"pointer": "bafkreie6hljlkpoltupu7pydkox232ghdmpm5qtupug4sf2x3romdcpc74", "protocol": "undefined"}, "website": "https://www.elseware.network/", "bannerImg": "bafkreigwt6eglvaxnjj3ozu7nnb2n4nhlzsciduas4wqt62pr4nupc6epq", "createdAt": 1719272488570, "credentials": {}, "description": "Elseware is launching a pioneering project focused on tokenizing two flagship real estate properties: Brownsville Development and Moore Street Apartments. \nOur mission is to innovate the commercial real estate sector through tokenization, enhancing liquidity, accessibility, and transparency for investors. Leveraging advanced technology like blockchain for secure data recording and a customizable platform for private placement broker-dealers, we aim to streamline fundraising and secondary trading processes. \nElseware will also pursue FINRA Broker-dealer and digital ATS licenses to ensure compliant and efficient market operations. With our experienced team at the helm, we are poised to deliver impactful advancements in digital asset investment, starting with Brownsville and the Moore Street Apartments, and expanding into broader real estate and institutional funds markets.  ", "lastUpdated": 0}, "recipient": "0xDD78487BEB0B4B4C41d609b6F6338836067623fB"}}