Among all sectors exploring tokenised real-world assets (RWAs), real estate appears to be moving fastest.
The appeal is straightforward. Estimates suggest tokenised real estate could be worth up to $4 trillion by 2035—more than the total crypto market today. For an industry often associated with slow transactions and opaque ownership structures, tokenisation offers something concrete: speed, transparency, and access; all on an immutable ledger.
And it’s already happening.
In March, Ocree Capital, a regulated securities dealer in Canada, launched a tokenised real estate platform. Investors can now purchase fractional shares in a 156-unit Class A multi-residential building in Winnipeg. These shares are issued on Polymesh, a blockchain purpose-built for compliant asset tokenisation.
A month later, Vera Capital, a subsidiary of the U.S.-based Vera Group, partnered with Ethereum-based platform Blocksquare. They plan to tokenise over $1 billion in commercial and multifamily properties across seven states, starting with a $5.4 million office building in Fort Lauderdale. The marketplace will offer tokenised equity stakes directly to investors.
In May, Patel Real Estate Holdings (PREH) launched a $100 million tokenised real estate fund for accredited investors, hosted on the Chintai blockchain. The fund targets Class A multifamily properties across major U.S. markets and is part of a larger $750 million real estate program designed to boost liquidity and accessibility.
The trend extends well beyond North America.
Also in March, the Dubai Land Department began piloting real estate tokenisation. By May, it partnered with Prypco, Ctrl Alt, and the Central Bank of the UAE to launch Prypco Mint, the first tokenised real estate platform in the MENA region. Built on the XRP Ledger, it allows users to purchase fractional ownership of Dubai properties. Each token represents a registered stake in a physical asset—and interest has been strong. The second listing reportedly sold out in less than two minutes.
Back in the U.S., May saw one of the largest announcements yet. Balcony, a blockchain-based land record startup, revealed it would tokenise property deeds for all 370,000 homes in Bergen County, New Jersey—a portfolio worth roughly $240 billion. The project will use Avalanche to streamline deed processing, with expected gains in efficiency of over 90%, and aims to reduce both fraud and paperwork. Expansion plans are already underway.
Taken together, these developments signal a broader shift. Tokenized RWAs aren’t just theoretical anymore. In real estate, they’re already reshaping the market—and gaining momentum fast.
That’s why we’re hosting New Zealand’s first Tokenisation of Real Estate Forum on 23 July in Auckland. As tokenisation gains momentum globally, this event is about starting the conversation here at home—bringing together leaders across property, law, investment, and Web3 to explore what this shift could mean for Aotearoa. We’ll unpack the opportunities, tackle the challenges, and look at how New Zealand can position itself at the forefront of this transformation.
We’re proud to be partnering with Blocksquare to make this event possible. As a global leader in real estate tokenisation infrastructure, Blocksquare is already powering more than $1 billion in property listings on-chain. Their platform is built to help asset owners, marketplaces, and investors navigate this new era of digital property—and their support is helping us bring that conversation to New Zealand.
Don’t miss this event RSVP here.
