TULPEA

Decentralized risk management, built for real-world finance.
Rebuilding neo-banking on @MegaETH.

[TULPEA @Tulpea_org]

Genesis Vault, Phase 2 is live

Same asset. Higher cap.

TULIP Bulbs 5x multiplier still active.

Deposit now before funds are allocated to the property.
→ https://t.co/G9xw6OjnBe

[TULPEA @Tulpea_org]

@vladtenev We have something you should see sir

[TULPEA @Tulpea_org]

Something is changing at Tulpea.

Not the vision. The approach.

More soon

[Not Your Banker - ₿ @not_your_bank]

Quick update on @Tulpea_org

This week we received the first draft of plans for the Samui project on the first plot we acquired. We expect to receive the final plans by mid July

In parallel we've started speaking with "traditional" real estate investors. Early feedback has been very encouraging, especially on the equity side. The main pain point we're addressing seems to be access to real estate opportunities in markets that remain difficult to invest in through existing solutions, which are still highly fragmented and country specific

We've also selected a law firm with deep expertise in Thailand to help us structure the project properly. Our goal is to provide economic exposure while ensuring strong ownership protection. Direct ownership remains challenging for foreigners in Thailand. For off-plan developments, this is less of an issue since the objective is to develop, sell and distribute profits within 1-2 years. The model is likely less suited to long-term ownership structures spanning 10-15 years

Still a lot of work ahead but things are moving

July should be the month where Tulpea starts becoming much more tangible from a product perspective. Keep connected

[TULPEA @Tulpea_org]

@not_your_bank June = execution

[Not Your Banker - ₿ @not_your_bank]

We just acquired another 1,600 sqm plot in Samui. Again, it was a forced sale

The lawyer who handled the transaction told us he had never seen such a low acquisition price in this area.

This is something we’ve started exploring in parallel with our other verticals: how can we make forced sales significantly more liquid and efficient?

Illiquidity is one of the core characteristics of real estate (or a feature?) but tokenization could fundamentally change that.

There is definitely a strong pmf to:
•⁠ ⁠use your property as collateral instantly, regardless of its localisation
•⁠ ⁠buy a fraction of a heavily discounted asset in one minute alongside other investors
•⁠ ⁠provide liquidity to owners who urgently need cash without going through months of intermediaries

The market opportunity is really huge, but legal obstacles are too:
•⁠ ⁠How do we bring a real-world asset onchain without excessive costs?
•⁠ ⁠How enforceable is tokenized ownership in practice? In many cases today, holders only get economic exposure
•⁠ ⁠How do we ensure a tokenized asset cannot be resold offchain by the original owner?
•⁠ ⁠How do we connect legal registries, SPVs, and smart contracts in a robust way?

We’re still exploring the right structure, but the interesting part is that we’re learning through real operational experience while currently setting up the legal framework around the Samui developments

Anyway, our total land acquired in Samui is now 5,600 sqm.

@Tulpea_org owns:
•⁠ ⁠33% of the initial 4,000 sqm development
•⁠ ⁠100% of the new 1,600 sqm plot

No plans to aggressively expand our land exposure further for now. The focus will be execution during this month of June

We’re currently preparing the construction phase:
•⁠ ⁠likely 11 villas in total across both plots
•⁠ ⁠although we’re also exploring a very high-end positioning for the new land, potentially building one ultra-premium villa instead of 3 standard premium villas

Our next steps:
•⁠ ⁠Finalize architectural plans
•⁠ ⁠Finalize contractors
•⁠ ⁠Adapt our financing product to better fit off-plan developments
•⁠ ⁠Launch the funding rounds (funding for 3–4 villas is already escrowed)

We’ll keep sharing the process as we move forward

[TULPEA @Tulpea_org]

@megaeth 👀

[TULPEA @Tulpea_org]

3 villas already sold. No bank involved. Everything onchain.

Soon opening publicly

[Not Your Banker - ₿ @not_your_bank]

Quick update on the Koh Samui deal

Last month, we acquired a 4,000 sqm sea-view plot at a significant discount through a forced sale, estimated around 50–75% below current market pricing. The plan is to develop 7–8 high-end villas on the land and sell them upon completion

3 villas are already reserved off-plan, representing around $800k in committed capital according to the current financing plan. @Tulpea_org, acting as curator, participated and will continue to participate for 33% of the equity in each villa

We currently have 2 financing paths:
•⁠ ⁠Partial financing through high yield bullet debt with a maximum 18-month maturity
•⁠ ⁠Or fully equity-financed if debt demand is not sufficiently filled

The deal remains private for now while development progresses further. The remaining villas and financing opportunities will progressively open publicly, with full onchain transparency on the capital stack and deal structure

[TULPEA @Tulpea_org]

The future of Tulpea will be MASSIVE

[TULPEA @Tulpea_org]

Where we are, where we're going, and why the vault is closing 👇

[TULPEA @Tulpea_org]

https://t.co/2Z26Y4PetL

[TULPEA @Tulpea_org]

https://t.co/2Z26Y4PetL

[TULPEA @Tulpea_org]

@JoestarCrypto @_canonic @SectorOneDEX @CapApp @leveragesir @rocksolidHQ @ferdybet 👀

[TULPEA @Tulpea_org]

5x Boost is still live btw

Stack yield + maximize your TULIP Bulbs while the multiplier is active.

👉https://t.co/Vbo9OqN1Au

[TULPEA @Tulpea_org]

Earning yield from a Bali villa while accumulating pre-token points on @MegaETH.

Your bank does not offer this.

[TULPEA @Tulpea_org]

@Euphoria_fi We can't wait to tap

[TULPEA @Tulpea_org]

The First RWA Vault on @MegaETH is 37% filled and the first financing is still open.

Real asset. Real debt. Real yield incoming.

→ https://t.co/G9xw6OjnBe

[TULPEA @Tulpea_org]

@aave @megaeth All eyes on Megaeth

[TULPEA @Tulpea_org]

We're so back 🫡

[TULPEA @Tulpea_org]

@not_your_bank @megaeth Amortizing loan ✅
Bullet loan ✅

More use cases and more yield

[Not Your Banker - ₿ @not_your_bank]

Very glad to see $MEGA finally live. Huge work from the team and the whole ecosystem to get there. Now the real work starts, it’s on us as builders to ship products that bring actual usage and feed the $USDM flywheel

In that direction, we just signed a new deal today at @tulpea_org. Completely different structure from the first one so let me share more about it.

Last week we introduced our first deal (Uluwatu): an onchain mortgage. A finished property, ready to rent, with an amortizing loan. The idea is simple, rental yield services the debt, and equity gradually accumulates ownership over time. Very close to a traditional mortgage, but peer-to-peer and onchain

This new deal is upstream from that. We’re financing an off-plan development directly.

These deals behave very differently:
-Capital is deployed in phases: land first, then construction in stages. No need to draw the full debt upfront.
-It’s not a yield play for equity. It’s a build → sell strategy. Typical duration: 18–30 months.
-No cashflow during construction → no amortization. Debt is structured as a bullet: principal + interest repaid at exit
-Higher upside for both equity and debt, but also higher risk (construction, delays, execution).

We initiated the deal yesterday with the acquisition of a 4,000 sqm plot in Koh Samui.
Exact plans are being finalized, but we’re looking at 7–8 high-end villas.

We moved fast on this one, the entry price on the land was particularly attractive due to a forced sale (50-75% discount). That’s where a lot of the value comes from in real estate. For now, the deal is private between two parties (equity + debt), but we plan to open a portion publicly and it makes us build the flow for this specific use case.

It’s still early to give precise return figures, but we’re targeting high 6 to low 7 figures in profit (around 200% ROI for equity, 12% fixed yield for senior debt + maybe profit sharing)

This is exactly the type of opportunity we want to bring onchain, whether you’re on the lending or borrowing side, without needing a bank or deep real estate expertise. RWA-backed yield able to outperform magic money yield, no matter if the "cycle is over" or not

More details tomorrow on https://t.co/Fft5mbLz8a

[TULPEA @Tulpea_org]

MEGA Mode activated
https://t.co/TcrfjvbVEO

[Solana @solana]

MEGA mode activated