不動產碎片化之信託投資法制研究

A Study of the Legal System of Trust Investment in Real Estate Fragmentation

投資不動產面臨各項法制上之困境，而開發及管理需具備專業及高額資金一般投資人，始得分享不動產投資上之利潤；如能慎選受託人作投資平台，遴選專業、具有公信力之人，作為未來商業發展交易模式。不動產碎片化係將不動產整體權利分散方式，透過平台業者整合分析，讓投資人得以小額投資大規模之不動產方式，以權利分散仍得分享不動產在投資上之利潤。尤其在科技日新月異蓬勃發展，虛擬貨幣雖不被大部分國家承認為法定貨幣，卻逐漸成為許多商家所承認之交易媒介，未來在金融市場趨勢不容小覷；如何以法制作為權利規範，以不動產碎片化後交付信託之可行性，此等交易保障新型態，未來將逐漸成為新的重要研究課題。

Ordinary people investing in real estate may often find themselves in a legal predicament. It takes professional knowledge in the development and management of real estate plus large amount of operating capital, and based on such, profit sharing can be realized in real estate investment. A business development transaction model in the future with a trustee carefully selected as an investment platform equipped with knowledgeable and credible professionals may allow investors to commit small amounts of money in large-scale real estate investment projects and earn financial returns through real estate fragmentation in which the overall rights are to be distributed based on integration and analysis by the platform operator. In the context of incessant changes and improvements of science and technology, virtual currency, in particular, though yet recognized as legal currency by most countries, has gradually become a transaction medium accepted by many businesses, setting a trend in the financial market not to be underestimated. How to specify relevant rights in laws, the feasibility of entrusting fragmented real estate, and protection of such new types of transaction will become new important research topics in the future.