The Fabrica Trust is a unique legal entity designed to streamline and digitize property transactions on blockchain. It acts as a bridge between traditional property ownership and onchain representation.

Here are some of the key characteristics of the Fabrica Trust:

Tokenization: Once the property is in the Trust, a digital token (the "Fabrica NFT) is minted, which represents the controlling ownership of the Trust. This NFT is held directly by the user, signifying control and ownership of the Trust, and consequently the property.

Nominee Trust: Under the Trust Agreement, the role of trustee is simply as an agent of the beneficiary, while the beneficiary is the owner of the property held in the nominee trust, and ultimately responsible for all property taxes.

Trust Purpose: The purpose of the Trust is to allow the beneficiary to utilize blockchain to manage ownership of a property and facilitate any future transfer of beneficial ownership (at which time a change of ownership will be reported to the county.

In essence, a Fabrica Trust transforms the traditional property ownership model into a digital, blockchain-compatible format, providing users with newfound flexibility and control over their real estate assets.