> For the complete documentation index, see [llms.txt](https://doc.propbase.app/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://doc.propbase.app/whitepaper/4.0-infrastructure-and-framework.md).

# 4.0 Infrastructure & Framework

## 4.1 Propbase Tokenization Module

The Propbase tokenization module consist of two main components (1) off chain; property application, audit, and incorporation, and (2) on chain; tokenization, listing, and smart contract integration. The on-chain mechanism allows for users to buy, sell their shares in minutes directly on our P2P marketplace.

<figure><img src="https://3361231843-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FLGPZh5XmL5LX9DZKM7jK%2Fuploads%2FB75yIkMMurvpd7FVNkne%2Fimage.png?alt=media&amp;token=ee7375c5-47d9-4f3f-aa42-7d744a53246e" alt=""><figcaption></figcaption></figure>

## 4.2 Regulatory Framework

All tokenized properties listed on the platform are held in a Limited Liability Company (LLC) and fractionalized shares representing the assets underlying value are traded by users.

<figure><img src="https://3361231843-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FLGPZh5XmL5LX9DZKM7jK%2Fuploads%2FziqNwoJXx8mX7Xva3W7K%2Fimage.png?alt=media&amp;token=16441446-0c2b-4986-8f3e-b4f4d2c5383b" alt=""><figcaption></figcaption></figure>

**Propbase Entity**

Propbase has multiple entities, with a regulated and established operating entity in Thailand.

* Performs tokenization of real estate assets, to property investors via the propbase platform.
* Oversees and in cooperation with a external auditing partner the LLC formation and corresponding documentation associated with the physical asset.

**Propbase Technologies**

Propbase, a real estate investment and transaction platform, offering tokenized solutions for real estate developers.

<figure><img src="https://3361231843-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FLGPZh5XmL5LX9DZKM7jK%2Fuploads%2FIFoLvLenXejjGNiDlpl6%2Fimage.png?alt=media&amp;token=f41fa977-4fa8-4410-9911-6e758ea8adbc" alt=""><figcaption></figcaption></figure>

**Infrastructure Partners**

<figure><img src="https://3361231843-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FLGPZh5XmL5LX9DZKM7jK%2Fuploads%2FGKJptgNTtSv82TCkS2Z4%2Fimage.png?alt=media&amp;token=35d9eea6-1f3b-4b4f-89ce-77f1512acb74" alt=""><figcaption></figcaption></figure>