SYSTEM AND METHOD FOR FACILITATING AND MANAGING TRANSACTIONS OF FRACTIONAL OWNERSHIP INTERESTS IN ASSETS

摘要

In a system and method for facilitating and managing transactions of fractional ownership interests in assets, one or more assets are stored in an asset repository. An asset database is in communication with a central computer server and maintains records of each of the one or more assets in the asset repository. There are multiple user devices, each of which communicates with the central computer server via a software application running on the user device. A transaction is initiated via the software application running on a selected user device with respect to a fractional ownership interest in a selected asset. The transaction is communicated from the selected user device to the central computer server, and the central computer server confirms the transaction and then updates the asset database to reflect a change of ownership of the selected asset.