$RWAX · TAP REAL ESTATE TECHNOLOGIES, INC.
TAP Real Estate Technologies filed an 8-K disclosing two agreements with Alpenhaus Resort, LLC, the new owner of Zermatt Resort in Midway, Utah. Under a Subscription Agreement, TAP transferred its existing Option Agreement for the Zermatt Resort to Alpenhaus in exchange for a 2% equity interest in Alpenhaus. Under a Technology Services Agreement, TAP will provide digital infrastructure and strategic technology services to the resort for a $60,000 upfront fee and $6,000 per month, with an initial one-year term and automatic renewals. TAP also secured exclusive tokenization rights for the resort
- TAP received a 2% equity interest in Alpenhaus Resort, LLC, the new owner of Zermatt Resort in Midway, Utah.
- The equity stake was acquired by transferring TAP's existing Option Agreement for the Zermatt Resort to Alpenhaus.
- A Technology Services Agreement provides TAP with a $60,000 upfront platform fee and $6,000/month in recurring fees.
- TAP holds exclusive tokenization rights for the Zermatt Resort, with any tokenization services governed by a separate future agreement.
- The Zermatt Resort will serve as the pilot property for TAP's full-stack Consumer, Pro, and Enterprise subscription platform.
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This deal establishes TAP's first full-lifecycle pilot property — combining equity ownership, recurring SaaS revenue, and tokenization exclusivity — validating its "capitalization-to-checkout" model.
TAP is positioning itself as a digital-infrastructure layer for commercial real estate, blending SaaS subscription fees, equity-for-services, and future tokenization economics — a model that mirrors emerging RWA-tokenization plays in hospitality.
The Tech Services Agreement has only a one-year initial term with automatic renewals; either party can terminate for uncured material breach within 30 days. Tokenization services are not yet under contract and require a separate agreement — no tokenization revenue is guaranteed.
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