18.2 OVERVIEW OF JURISDICTION-SPECIFIC LEGAL CONSIDERATIONS

Given the global nature of real estate investment, Realproton takes into account the specific legal considerations of various jurisdictions:

• United States: Compliance with SEC regulations, including Reg D and Reg S. Ensuring that tokens are marketed only to accredited and institutional investors where required.
• European Union: Adherence to the EU’s regulatory framework for digital securities, including the Markets in Financial Instruments Directive (MiFID II) and the EU’s anti-money laundering directives.
• Middle East: Compliance with regulations set by the Dubai Financial Services Authority (DFSA) and the Virtual Asset Regulatory Authority (VARA). Additionally, adherence to other relevant regulatory frameworks within the Gulf Cooperation Council (GCC) countries to ensure broad compliance across the region.