Author: Binaryx Research Team · Published: March 2026 · Updated: March 2026
Reading time: ~12 min · Data source: Polygonscan on-chain exports — A16 · B14 · B22
This article presents verified financial data from an active rental investment cycle and does not constitute investment advice. Past and current performance do not guarantee future results.
Most content about tokenized real estate rental income tells you what could happen. This one is different — it's about what is actually happening right now.
AWWA Hotel by Ribas is a boutique designer hotel in Berawa, Canggu — Bali's busiest tourist strip. Three hotel units (A16, B14, B22) were tokenized on Binaryx and sold to 1,102 investors for a total of $472,500. Rental income kicked in on October 1, 2025. Since then, two quarterly payouts have gone out — $26,700 total — and every dollar matches the original projections. You can verify each one on the Polygon blockchain.
We'll walk through the payouts, show you where the income comes from, and compare projections to reality — all sourced from on-chain data you can check yourself.
Real estate tokenization in practice — a designer hotel generating real rental income
Unlike most tokenized real estate projects that are still pitching future returns, AWWA is already paying them out — and has been since October 2025.
The property is three identical 33 m² hotel apartments in a boutique complex run by Ribas Hotels Group — a hotel operator that's been running properties for over 12 years. The complex itself is eye-catching: a 25-meter designer pool by Koketit (the artist behind collaborations with Chanel, H&M, Zara, and IKEA), a rooftop cinema, a bar and restaurant open around the clock, yoga studio, and concierge.
It's listed on Booking.com and Direct Bookings, drawing tourists and remote workers year-round in one of the highest-demand short-stay areas in Bali.
| Milestone | Date | Detail |
|---|---|---|
| Construction begins | May 2024 | Big Waves Development (Ribas Group) starts building |
| Construction token sale opens | December 18–26, 2024 | B22 (Dec 18), A16 (Dec 19), B14 (Dec 26) — initial price $12.60/token |
| Construction phase closes | Jan 23 – Feb 7, 2025 | 541 investments from ~392 wallets — final price $14.01/token |
| Post-construction exit | July 11, 2025 | Token price set to $15.75 — up to 25% ROI for early investors |
| Sold Out (all 3 units) | 2025 | $472,500 invested by 1,102 investors across A16, B14, and B22 |
| Guaranteed rental income begins | October 1, 2025 | 11.32% APR, quarterly payouts, backed by Ribas Hotels Group |
| Q4 2025 payout distributed | October 9, 2025 | $4,450 per unit → $13,350 total distributed on-chain |
| Q1 2026 payout distributed | January 9, 2026 | $4,450 per unit → $13,350 total distributed on-chain |
| Total distributed to date | As of March 2026 | $26,700 to 1,102 investors (2 of 4 quarterly payouts) |
Two payouts done. Two more coming before the guarantee period ends in September 2026.
How fractional real estate rental income works in practice
If you're new to tokenized real estate, here's how the income flows from the hotel to your wallet for AWWA Hotel.
Entry and token price. You buy tokens that represent your share of a specific hotel unit. The current price is $15.75 per token. Each unit has about 10,000 tokens, so the minimum buy-in is roughly $500 (around 32 tokens). Three identical units were sold:
| Unit | Smart Contract | Property Value | Investors | Status |
|---|---|---|---|---|
| AWWA A16 | 0xdB8f...85Fd | $157,500 | 392 | Sold Out · Rented |
| AWWA B14 | 0x2163...eC79 | $157,500 | 414 | Sold Out · Rented |
| AWWA B22 | 0xE725...d09 | $157,500 | 296 | Sold Out · Rented |
| Total (3 units) | 3 contracts | $472,500 | 1,102 | All Sold Out · Rented |
Where the income comes from. Right now, one source: guaranteed rental income at 11.32% APR, paid every quarter. Ribas Hotels Group guarantees this rate from October 1, 2025 through September 30, 2026 — it doesn't matter whether the hotel is 50% full or 100% full during this period. In practice, that means each $157,500 unit pays out ~$17,829 a year, or ~$4,450 every three months.
After the guarantee period, income switches to actual hotel performance — occupancy, nightly rates, seasonal demand. Berawa is one of the strongest short-term rental markets in Bali, but the exact numbers will depend on how the hotel performs on Booking.com and Direct Bookings.
Legal protection and fees. Each investment sits inside a Wyoming DAO LLC — a U.S. legal structure, not an offshore wrapper. You get real legal standing and regulatory clarity. Every investor went through KYC before buying. The property itself is held under a leasehold from December 2024 through December 2051 (~27 years), with priority renewal rights. On the fee side: a 10% management fee is already baked into the $157,500 property price and the 11.32% APR — you don't pay it separately. If you sell tokens on the P2P market, there's a 5% sell commission. No purchase fees, no holding fees, no withdrawal fees on rental payouts.
Actual results: projected vs. verified rental data
The projected APR at launch was 11.32%. Two quarters later:
| Metric | Projected (at launch) | Actual (on-chain) |
|---|---|---|
| Total invested (3 units) | $472,500 | $472,500 |
| Projected annual rental income (all 3) | ~$53,487 | On track |
| Projected quarterly payout per unit | ~$4,457 | $4,450 per unit |
| Q4 2025 distribution (Oct–Dec) | ~$13,350 | $13,350 (Oct 9, 2025) |
| Q1 2026 distribution (Jan–Mar) | ~$13,350 | $13,350 (Jan 9, 2026) |
| Total distributed (6 months) | ~$26,700 | $26,700 |
| APR (annualized from 6-month data) | 11.32% | ~11.30% |
| Deviation from projection | — | ~0% — paid in full, on schedule |
Every dollar that was promised has been paid, and every payout landed on time. The record matches the projections exactly.
What this case study means for fractional real estate investing
Six months of data have made a few things clear:
The 0% deviation matters more than the 11.32% APR. Two payouts, $26,700 sent, not a dollar or a day off schedule. In an asset class where delays and missed projections are practically the default, that track record is the product. The yield is attractive, sure. But the reliability is what actually builds trust — especially for first-time investors who've heard too many promises from too many platforms.
What about the "will the hotel fill?" question? For year one, it doesn't matter. Ribas backs 11.32% regardless of occupancy. That gives the hotel time to build reviews, fill rooms, and establish market pricing — while investors get paid from day one.
Then there's the entry point. Buying a hotel unit in Berawa outright would cost you $150,000 minimum. Here, 1,102 people accessed the same returns and the same legal protection starting from about $500. That's not a gimmick — it's the whole point of tokenization.
Two payouts have already arrived. Two more are scheduled. For people used to waiting years for a capital event — selling a property, exiting a fund — quarterly cash flow changes how this investment feels day to day. It stops being a bet and starts being income.
And every figure in this article sits on Polygonscan. Three contract addresses, every distribution, every wallet. No login, no permission needed.
Risks and considerations — what every investor should weigh
Eleven percent sounds great. Here's what comes with it. If we're showing you the returns, we should show you these too — using AWWA Hotel as the reference.
The guarantee depends on one company. The 11.32% APR is guaranteed by Ribas Hotels Group — a single hospitality operator. If Ribas ran into financial trouble, the guarantee could be at risk. They've been operating hotels for 12+ years and manage multiple properties, which helps — but there's no separate insurance or escrow fund backing the guarantee. The income is only as reliable as the company behind it.
After September 2026, the yield isn't guaranteed. The fixed 11.32% runs through September 30, 2026. After that, what you earn depends on how the hotel actually performs — occupancy, nightly rates, seasonal demand. Berawa is one of Bali's busiest tourist areas and the property is already on Booking.com, which helps. But post-guarantee yields could land anywhere from 6% to 15% depending on market conditions. Plan for a range, not a single number.
Construction ran 3 months late. The original completion target was April 2025. The actual post-construction exit happened July 11, 2025. Investors still got the full price appreciation ($12.60 → $15.75) and the rental guarantee started on schedule — but that 3-month gap is worth noting. Construction delays happen, especially in Bali, and future properties could face similar or longer timelines.
Selling isn't instant, and it costs 5%. You can list tokens on the Binaryx P2P market anytime, but this isn't a stock exchange — there's no guaranteed buyer at the moment you want to sell. A 5% commission applies to every sale. On-chain data shows A16 has had 281 secondary market transactions since August 2025, so there is activity — but don't go in expecting same-day liquidity. Think of this as a medium- to long-term hold.
Taxes are your responsibility — and they're not simple. Rental payouts and capital gains from token appreciation may be taxable wherever you live. Binaryx doesn't withhold taxes or give tax advice. The structure — a US-registered DAO LLC distributing USDT to international investors — adds a layer of complexity that most accountants haven't seen before. Talk to a tax professional before you invest, not after.
$500 works, but don't expect life-changing income from it. The minimum buy-in is about $500 (~32 tokens). At that level, you'd earn roughly $14 per quarter — $57 a year. It's real money, and it proves the system works, but it's not passive income you'll notice. If you want rental payouts that actually move the needle, $2,000–$5,000 is a more practical starting point ($227–$566 per year).
What AWWA means for real estate tokenization — CEO take
From Oleg, CEO of Binaryx:
"When the first AWWA payout went out in October, I watched the Polygonscan transactions come through in real time. Thirteen thousand dollars, distributed across hundreds of wallets, exactly on schedule. That moment mattered more to me than any pitch deck we've ever put together. That's what gave a lot of our investors the confidence to try real estate for the first time. Two quarters in, every payout has landed exactly as projected. We want to keep doing deals like this one."
Verify it yourself — blockchain transparency on Polygon
Every number in this article comes from a public blockchain. Three smart contracts, 1,102 investors, $472,500 in, $26,700 paid out — all sitting on the Polygon network where anyone can look it up. You don't have to take our word for any of it.
🔗 Smart contract addresses:
AWWA A16: 0xdB8fC93a993e2AB0d9F7d520Fd4e616cFb1D85Fd
👉 View on Polygonscan →
AWWA B14: 0x216301B87404A5839bf7b8b94c646C4EB96feC79
👉 View on Polygonscan →
AWWA B22: 0xE725A80f426a7d7f5734Ba69cCEc507251109d09
👉 View on Polygonscan →
Want to check your own returns? Go to Polygonscan, search the contract address for your unit, filter by your wallet, and match the USDT transactions with the payout amounts. You can calculate your exact ROI straight from blockchain data — no spreadsheet, no middleman, no asking permission.
Ready to invest in the next property?
AWWA Hotel units are sold out. But new properties are available now.
Binaryx keeps listing new properties with the same structure — investor-governed and transparent from day one. If you'd rather get in at the early price than read the case study six months later, here's where to look:
👉 Explore available properties → app.binaryx.com
FAQ: tokenized real estate rental income — frequently asked questions
What is the typical APR for tokenized real estate rental income?
It depends on the platform and the property. Most tokenized real estate platforms pay somewhere between 5% and 10% annually. AWWA Hotel comes in at 11.32% APR — on the higher end, partly because it's a Bali hotel with a guaranteed rental structure rather than a US residential rental. That guarantee locks in the rate for the first year; after that, income will depend on how the hotel actually performs.
How does fractional real estate rental income work on blockchain?
You buy tokens that represent your share of a real property. When that property earns rental income, your cut gets sent straight to your wallet as USDT — no bank transfers to chase, no property manager to call. On Binaryx, you can start from about $500 per property. Every payout is recorded on the Polygon blockchain, so anyone can verify the numbers independently.
Is AWWA Hotel by Ribas generating income as projected?
Yes — to the dollar. Two quarterly payouts have gone out (October 2025 and January 2026), and all three units paid exactly $4,450 each, totaling $26,700 to 1,102 investors. The deviation from the projected 11.32% APR: 0%. You can verify every payment on Polygonscan.
What happens after the guaranteed income period ends?
The guarantee runs through September 30, 2026. After that, your rental income depends on how the hotel actually does — occupancy, nightly rates, seasonal demand in Canggu. Ribas Hotels Group stays on as the operator (they've been managing hotels for 12+ years), and the property is already listed on Booking.com. The yield could go up or down from 11.32% — it'll track real hotel performance rather than a fixed number.
How can I verify the rental income claims in this case study?
Go to polygonscan.com, search any of the three contract addresses listed above, and check for yourself. Every transaction, every wallet, every payout is right there — no login, no permission needed.
How does Binaryx AWWA compare to Lofty or RealT for rental yields?
They're quite different models. Lofty and RealT tokenize US residential rentals — steady, familiar, typically 5–10% annual yields. AWWA is a Bali boutique hotel paying 11.32% APR with a first-year guarantee from an established operator. The higher yield comes with different risks (hospitality vs. residential, emerging market vs. US). All three platforms are on-chain and tokenized, but what you're actually buying — the asset, the geography, the income structure — is quite different.
What is the minimum investment for AWWA Hotel on Binaryx?
Each token is $15.75, so the minimum is about $500 (~32 tokens). That gets you a proportional share of the property and the same rights to rental payouts as any other token holder. All three AWWA units are sold out from the original offering, but tokens sometimes come up on the P2P secondary market — note the 5% sell commission on secondary trades.
This case study was compiled from verified Polygonscan transaction data (Polygon blockchain) as of March 2026. It does not constitute financial or investment advice. All projected figures are from original investment documentation; all "actual" figures come from on-chain transaction records. The guaranteed income period runs through September 2026 — post-guarantee returns will depend on actual hotel performance. Binaryx Platform — Wyoming DAO LLC.
This article is updated quarterly after each rental distribution. Next scheduled update: July 2026 (after Q2 2026 payout). Previous updates: March 2026 (initial publication with 2 quarters of data).
