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Loaf Overview

What is Loaf?

Loaf is a self-custodial, hybrid decentralized exchange (DEX) for real-world asset (RWA) trading.

To start, the venue lists ambitious physical assets as individual markets, from exotic mansions to the assets that power humanity: data centres and energy infrastructure.

Asset owners, investors, traders and market makers can trade these markets in real time, and underneath each asset is a novel class of compliant, tokenized securities and derivatives. Each market is supported by LLP, Loaf’s liquidity provider, with the aim of creating liquidity in physical assets.

Why Loaf exists

Property is the largest asset class in the world. Access, transfer, and secondary liquidity are still slow, fragmented, and operationally heavy.

Loaf exists to make property markets more:

  • Accessible: easier participation and better pricing of real estate (and RWA) markets
  • Composable: real estate RWAs usable in the rest of DeFi
  • Liquid: continuous market access with professional market makers, including Loaf’s own
  • Fast: infrastructure built for fast matching and low-latency execution
  • RWA-native: built for real-world asset issuance and trading

How Loaf works (high level)

Loaf is a hybrid exchange with off-chain order relay and on-chain trustless settlement.

  1. Issue: Property owners and developers tokenize eligible property exposure through a compliant issuance process. We call these Initial Property Offerings (IPOs).
  2. Trade: Once trading starts, orders go to Loaf’s order book via API and match in Loaf’s matching engine, with liquidity from a network of market makers.
  3. Settle: Matched trades settle through Loaf’s on-chain settlement contracts.
  4. Control: Users stay self-custodial and control their own assets.
  5. Yield: Property token holders can access accrued rental and yield payments from the underlying property.

Performance metrics

  • 5,000 TPS throughput
  • 30 nanosecond order processing
  • < 1 second settlement*

*Settlement times based on blockchain performance.

Core principles

  • Self-custody by default: users keep control of their assets
  • Compliance-aligned issuance: real-world constraints shape the product
  • Performance at scale: market infrastructure built for speed and reliability
  • Open market participation: broad access to property markets through tokenized rails
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Property Tokens