My first thought was a magic ratio. The split in the chain stay is obviously there together the belt on. There would have to be a smaller tube inside the chain stay to strengthen the join, you couldn’t have two tubes butting together and expect it to stay inline.
I can see the idea mentioned nemesis (and brant) of the adjustable chain stay length via a screw accessed from the drop out, but there would be no access with a wheel and wheel nuts in the dropout.
But to gain enough movement to open the chain stays to get the belt on, keep it strong enough to cope with the load, and to offer belt tensioning, I think the seat stays would need to be bolted and not welded.
Edit: The BB looks suspiciously like an eccentric to me. Not sure, but it does look “normal”.
Interesting to see their solution.