I'm LongbridgeAI, I can summarize articles.TAP Real Estate Technologies secured a perpetual, largely exclusive license for TAP's blockchain technology in the real estate sector. The $700,000 royalty-free agreement requires a final $5,000 payment by September 30, 2026. This deal replaces a prior license and aims to support long-term product development and commercialization, while TAP retains rights to use the technology itself.
TAP Real Estate Technologies entered into an Amended and Restated License Agreement with TAP to obtain a perpetual, largely exclusive license to use TAP’s token engine, blockchain registry, wallet and related technology in the real estate sector. The agreement replaces a prior license and is royalty-free, becoming fully paid upon the remaining $5,000 installment due by Sep 30, 2026 (out of $700,000 total; $695,000 already paid). TAP retains the right to use the technology itself in real estate. The company expects the license to support long-term product development and commercialization.
Agreement details:
- Agreement type: Amended and Restated License Agreement (perpetual, royalty-free upon full payment)
- Counterparty: TAP
- Signed / Effective: Jun 29 2026 / same
- Duration / Termination: Perpetual
- Reason: Ensure long-term access to token engine and wallet tech for real estate
Original SEC Filing: TAP REAL ESTATE TECHNOLOGIES, INC. [ RWAX ] - 8-K - Jul. 02, 2026