ResidenceReserve
Miami & the Bahamas · 5 hullsFleet under management $26.2MAllocations $20,000 — $1,000,000Settlement USDC, quarterly

Five hulls. One register.

Each vessel is owned outright by her own company. Equity in that company is issued onchain — one token, one share. You choose the yacht, not a basket.

Mangusta 108Mangusta · 2019 · 108′ · 12 guests$8.4MSurveyed7.9%Net yield84,000Fractions$20KFromOpen Princess 85Princess · 2021 · 85′ · 10 guests$5.2MSurveyed8.3%Net yield52,000Fractions$20KFromOpen Azimut 78Azimut · 2020 · 78′ · 10 guests$4.1MSurveyed8.7%Net yield41,000Fractions$20KFromOpen Sunseeker 90 OceanSunseeker · 2018 · 90′ · 12 guests$6.6MSurveyed8.1%Net yield66,000Fractions$20KFromOpen Aquila 54Aquila · 2022 · 54′ · 20 guests$1.9MSurveyed9.4%Net yield19,000Fractions$20KFromOpen
A flagship motor yacht on Biscayne Bay against the Miami skyline
The case

She earns only when she sails, and lies at the dock for most of the year. Tokenizing the hull changes who is permitted to own her.

A typical managed yacht sits idle around 325 days a year. Under a single owner all 325 are pure cost. Owned by many, the asset finally works for everyone who holds her.

The equity

A registered share, not a claim

Each hull sits inside her own company. Holding the token means holding registered equity in the entity that owns her — not an IOU, not a synthetic, not a pointer at somebody else’s balance sheet.

The revenue

Paid in dollars, on a schedule

Charter income lands in the vessel’s own company. Crew, fuel, dockage, insurance, management and the maintenance reserve are paid first. What remains is distributed in USDC, in proportion to what you hold.

The days

Standing on her deck is the point

Every other tokenized asset hands you a cash flow and stops. Your fractions carry claimable days aboard the specific hull you own — reserved from the wallet that holds them. No broker, no telephone.

Distributions are half the arithmetic. Here is the other half.

Allocation$100,000
$20K$1M
Hull decline / year5.0%
0%Typical 3–7%10%
Your share of Azimut 782.44%
Fractions held1,000
Distributions over 5 years+$43,500
Change in your share of the hull$-22,622
Issuance fee · 1.5%$1,500
Net after 5 years+$19,378

Plus 50 days aboard over the same period, which this arithmetic does not price. Illustrative only — a concept structure on representative South Florida charter economics, not a forecast, an offer, or a promise of return. Charter demand is seasonal, distributions can be zero, and a hull can fall in value faster than any figure here.

Reserve

Own the hull, not the brochure.

Non-binding. When the first hull opens you hold priority for seven days before your place passes to the next reservation in order.