Abstract: A method for transferring ownership of an asset via an online raffle includes receiving asset information including a minimum selling price (in raffle tokens) and a maximum listing duration for a raffle of the asset. The method further includes providing a representation of the asset via a user interface based on the asset information. The method further includes issuing raffle tokens. The method further includes receiving an asset selection including a pledged amount of raffle tokens. In response to a value of aggregate pledged raffle tokens satisfying the minimum selling price during the listing duration, the method includes: probabilistically selecting a raffle token; determining a consumer associated with the selected raffle token; and providing a notification to the consumer, including an offer to transfer ownership of the asset. In response to acceptance of the offer, the method includes transferring ownership of the asset to the consumer.