0. Getting started

RECC ETF is a tokenized real estate fund on Solana. Users deposit USDC into an ETF vault and receive RETF shares, which represent a proportional claim on a diversified portfolio of tokenized properties (RPST). Fund managers allocate capital from the ETF into individual properties, while investors interact only with a single asset

0.1 What is RECC ETF?

RECC ETF is a real estate fund built on top of the RECC property platform.

On RECC, every property is tokenized using a utility token called RPST. For example, the property “Suarez de Salazar” has its own RPST token, which represents a claim on principal plus yield generated by that specific deal.

The ETF is a layer above that property system. A user sends USDC to the ETF, the ETF mints RETF shares for that user based on the current Price Per Share (PPS), and the program then use part of the ETF capital to buy RPST during property fundraising phases.

As these properties generate yield and eventually mature, the ETF captures their performance and this flows into the total Net Asset Value (NAV) and the PPS of RETF. When users want to exit, they redeem RETF for USDC, subject to the liquidity rules of the fund.

In practice, RETF is the token that tracks the user position in the ETF, RPST represents the underlying property positions held by the ETF, and NAV and PPS describe how much every RETF share is worth at any given time.

The ETF is designed to make diversification easy, keep accounting conservative, and offer a DeFi style experience.

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0.2 Why an ETF on RECC instead of picking properties?

Investors can already buy RPST from a single property and build their own portfolio manually. The ETF targets a slightly different profile: users who prefer a managed basket instead of picking every deal themselves.

With the ETF, diversification happens with one deposit instead of multiple manual decisions. The investor does not have to choose a specific property, APY or timeline, or watch the platform for new openings and closing dates. The ETF spreads capital according to a target breakdown across properties. The user only sees the result of that work in their RETF position and in the portfolio breakdown.

The yield profile is also different. A direct property investment gives you the risk and reward of one deal. In the ETF, renovation or flip properties with higher APY and lumpier payouts are mixed with rental properties that have lower APY but steady cashflow, plus optional DeFi parking for part of the liquidity buffer as long as it remains instantly redeemable. The outcome is a blended APY curve that feels more stable.

Investors see their RETF balance, NAV, PPS, a breakdown by property, and deposit or withdraw flows. All the complexity of tracking every RPST lifecycle, every accrual schedule and every redemption is handled at the ETF and admin layer.

Finally, liquidity is managed at the fund level. The ETF maintains a liquid bucket that backs instant withdrawals and a locked bucket that is fully deployed into properties.