World-X is introducing the “RPI Unit” a bundled security designed for real estate and infrastructure. RPI Units combine attributes similar to REITs but offer greater flexibility and are intended to provide tax-efficient distributions, subject to applicable laws.
Structure of an RPI Unit
- A share of the issuer.
- A segregated interest in a debt security registered against the issuer’s assets (property).
Key Features
- Backed by tangible assets.
- Trades as a “bundled security” (share + debt).
- The debt component can remain outstanding without principal repayment, enabling capital distribution as interest payments.
- Prospective issuers have flexibility in defining rights and attributes for the share and debt components.
- Issuers may issue additional RPI Units for acquisitions, renovations, upgrades or phased developments – subject to exchange approval post-IPO.
What Is an RPI Unit Issuer?
An RPI Unit issuer is a corporation or entity which can be used for multiple types of real estate, including:
- Residential (housing pools, multi-family complexes)
- Commercial (offices, retail, shopping malls)
- Industrial (manufacturing, warehousing, distribution)
- Tourism (hotels, resorts)
- Services (healthcare, education)
Investor Benefits
- Ability to select specific property/project ownership.
- Ongoing distributable cash.
- Participate in asset appreciation.
- Liquidity through exchange trading.
- Equal treatment for individual and institutional investors.
Transform property‑specific assets into RPI Units for public‑market access