The RealEx Treasury is a secured vault that coordinates the deposit, use, and withdrawal of assets under management. After RealEx assets are deposited into the Treasury through the bonding process, they are considered to be under management of the DAO. The Treasury smart contracts manage all related money flow, such as the distribution of yield or fees, the parameters around which shall be continuously decided through governance. The protocol will start with a single vault, and over time could expand to multiple vaults that are focussed on a particular geography (e.g., San Salvador Vault) or mission (e.g, Student Housing Vault). This enables RealEx to target many markets and become more resilient, since it could transcend geographic or market-specific conditions that might influence the underlying value of its assets. In addition, it enables RealEx to target specific market needs and pursue positive social impact missions, such as homelessness.