TAP Real Estate ate Technologies ( (RWAX) ) has shared an update.

On September 9, 2026, TAP Real Estate Technologies entered into a Subscription Agreement with Alpenhaus Resort, LLC, transferring its purchase option for the Zermatt Resort in Midway, Utah to Alpenhaus in exchange for a 2% equity stake, coinciding with Alpenhaus’ acquisition of the property. The following day the company announced a Technology Services Agreement under which it will supply digital infrastructure, tokenization services and platform access to Zermatt for a $60,000 upfront fee and $6,000 in monthly fees, securing exclusive tokenization rights and establishing a repeatable, multi-revenue-stream model that extends TAP’s digital-first real estate platform into the hospitality sector and one of the Mountain West’s prime recreation corridors.

The engagement positions Zermatt as a pilot property for TAP’s consumer, professional and enterprise subscription layers, integrating payments, asset registry and lifecycle management around a planned modernization of the resort into a four-star, four-season destination. By combining recurring technology fees, equity participation and exclusive tokenization capabilities at a high-profile Utah resort, TAP Real Estate strengthens its strategic foothold in tokenized hospitality assets while demonstrating how its registry and payment infrastructure can support future property tokenizations and broader adoption of digitized real estate ownership structures.