RealT, or Real Token LLC, is building a system for tokenizing property in the United States, that retains all legal rights and protections provided by traditional ownership of real estate.When designing the RealT project, certain goals were established for achieving the effective tokenization of real estate. To be an effective asset-backed digital token, the RealToken was designed to encompass the following characteristics:To enable legally-recognized ownership of a discrete real property asset, not an IOU of ownership;To be freely transferable to anyone without restriction, as any real estate property is, subject to applicable U.S. securities law transfer restrictions;To give RealToken holders rights to all cash flows generated by the real property held by the Series; andTo enable all rights and activities associated with traditional ownership, for example, the right to access the property.For the first phase of RealT, all listed properties will be rented properties. In order to prove the reality of tokenized real estate in its fullest, it is important to illustrate the full rights of RealTokens owners. Receiving rental payments from tenants is one of the most salient mechanisms in which full rights over the property are conveyed. While ownership of property via a token is noteworthy; adding in rights to the cash flows generated by rent from tenants makes things far more interesting.With the advent of smart-contracts, there is no reason to retain the archaic system of payment every 30 days. Instead of one lump sum paid out every month, a RealToken Rent Contract will manage the dispersal of funds to RealToken owners, so that they are able to collect rent on a daily basis.