Introduction
The global market for tokenized real estate is projected to skyrocket to $4 trillion by 2035, rising from just $0.3 trillion in 2024, with a CAGR of 27%, according to Deloitte projections. Quite optimistic forecasts, wouldn’t you agree? In this article, we will explore how tokenization works, its benefits and challenges, and highlight the best real estate tokenization platforms and companies driving innovation.
What is Real Estate Tokenization?
Real estate tokenization converts real estate assets and associated property and economic rights into digital tokens on a blockchain. Several models are already in use, many of which are discussed on this portal:
Single-Title Tokenization — Full ownership of a property via a single token (e.g., NFT).
Problem solved: High transaction costs and delays in transferring ownership. Tokenization enables faster, lower-cost transfers, sometimes even without registries.
Fractional-Title Tokenization — Shared ownership of a property, divided into multiple tokens.
Problem solved: High entry barriers. This model lowers capital requirements, enabling participation in high-value projects with smaller investments.
Rental Income Tokenization — Tokens tied to property revenue streams.
Problem solved: Limited funding options. Founders can raise capital upfront by selling future income, while participants gain predictable cash flow.
Appreciation Tokenization — Tokens linked to property value growth.
Problem solved: Lack of exposure to capital gains without full ownership. Participants can benefit from price increases with less capital risk.
Fund Tokenization — Tokens representing shares in a real estate investment fund.
Problem solved: Limited access to institutional-grade funds. Smaller investors can now join diversified portfolios that were once restricted.
Utility Tokenization — Tokens granting access to property-related services (e.g., amenities, governance, or discounts).
Problem solved: Weak user engagement. Utility tokens create loyalty and incentivize active participation in the ecosystem.
How It Works
1. Investor Onboarding
Investors are first verified through a digital onboarding system. Know Your Customer (KYC) and Anti-Money Laundering (AML) checks confirm their identity and eligibility to invest. Once approved, investors digitally sign subscription agreements through integrated e-signing tools and gain access to the investment dashboard.
2. Token Issuance
After verification, the issuer creates blockchain-based tokens that represent ownership shares in the property. A smart contract defines all compliance and transfer rules. Tokens are distributed directly to investors’ wallets, and all records update automatically in the digital cap table, providing a real-time overview of ownership.
3. Asset Management
Once tokens are issued, ongoing servicing is fully digital. Issuers can manage dividend distributions, corporate actions, and investor communications directly through the platform. Token operations — such as minting, burning, or transferring — are executed on-chain, ensuring full traceability and compliance.
4. Secondary Market and Liquidity
After issuance, tokenized assets can be made available for peer-to-peer transfers or listed on licensed secondary trading venues. Qualified investors can buy and sell tokens directly, while automated compliance ensures that transfers occur only between approved participants. Depending on the jurisdiction, tokens may also integrate with decentralized finance (DeFi) protocols or over-the-counter (OTC) marketplaces, creating additional liquidity options.
What Real Estate Tokenization Platform Does
In a broad sense, tokenization platforms provide the technological and operational backbone for converting real estate and related rights into digital tokens.
In practice, when people refer to tokenization platforms, they may actually be referring to three different concepts:
- Ready-made solutions — pre-built platforms that can be licensed or purchased for use in a tokenization project, either under the original provider’s brand or as a white-label version (the next section reviews the leading solutions of this type).
- Custom-built solutions — platforms developed entirely from scratch to meet the specific requirements of a particular project.
- The tokenization process itself — the actual implementation phase, during which either a ready-made or a custom-built solution is deployed within the scope of a specific project.
When selecting a ready-made platform, founders should carefully evaluate several factors:
- Asset Coverage — What types of assets the platform is capable of tokenizing (single properties, funds, income streams, etc.).
- Technology Stack — Which blockchains are supported, how smart contracts are designed, and what level of security is provided.
- Products & Services — Beyond tokenization, does the platform offer consulting, compliance support, or the ability to list tokens on its own marketplace?
- Experience & Reputation — How long the platform has been active, its track record, and the credibility it holds in the market.
10 Best Real Estate Tokenization Platforms
Blocksquare
Asset Coverage
Blocksquare supports a wide spectrum of real estate classes — land, residential, commercial, and mixed-use projects — across different stages (build-to-rent, build-to-sell).
Technology
Built on Ethereum for smart contracts and IPFS for decentralized storage, Blocksquare ensures transparency and enforceability.
Products & Services
Blocksquare provides a modular suite of tools for real estate operators:
- Spring — protocol for issuing enforceable PropTokens.
- Delta — marketplace for listing and trading tokenized assets.
- Tide — dashboards for investor relations and revenue tracking.
- Wave — tools for token buybacks and profit distribution.
- Oceanpoint — liquidity protocol designed to solve secondary market illiquidity in real estate.
Experience & Reputation
- Founded in 2017
- Presence in 29 countries
- 169 properties brought on-chain (with total tokenized value surpassing $200 million as of July 2025)
- Supported by 17 marketplaces
A projects powered by this software:
Digishares
Asset Coverage
DigiShares supports an expanded range of real world assets (RWAs), including real estate (properties and development projects), private equity, infrastructure, commodities, funds, companies, and alternative assets (such as collectibles).
Technology
Built on Ethereum, Polygon, Binance Smart Chain, Fantom, and Polymesh. Smart contracts automate dividends and voting; KYC via integrated providers. Audited smart contracts and DeFi-compatible features ensure secure, interoperable tokenization.
Products & Services
- Launch: Token issuance platform for real estate (e.g., residential fractions). Features multi-chain minting (Ethereum/Polygon, ERC-1404), KYC/AML automation, and dividend/voting smart contracts. Costs $3,000 setup + $300/month. Ideal for quick project launches.
- Investor Portal: White-label dashboard for managing investors in tokenized properties. Offers portfolio tracking, dividends, voting, and KYC integration. Links to secondary markets like RealEstate.Exchange. Suits firms prioritizing investor UX and transparency.
- Investment Marketplace: White-label platform for branded real estate marketplaces. Enables asset listing, P2P trading (optional bulletin board), and API customization. Includes KYC/AML and cap table tools. Best for scaling deal pipelines with global investors.
Experience & Reputation
- Founded in 2018
- Presence in 40+ countries
- 30+ tokenized projects (deployed across diverse RWAs)
Zoniqx
Asset Coverage
Zoniqx supports a diverse range of real-world assets with a strong emphasis on real estate, including commercial real estate (CRE), residential portfolios, real estate funds, mixed-use developments, and ESG-focused properties like eco-friendly communities and public-private partnerships (PPP).
Technology
Built on a chain-agnostic stack, Zoniqx leverages the XRP Ledger (XRPL) for speed and low fees, Hedera for high-throughput security, and integrations with Polygon and other networks. Its proprietary DyCIST protocol (ERC-7518) embeds dynamic compliance into smart contracts, ensuring interoperability across public, private, and hybrid blockchains, while AI-powered automation handles compliance checks and investor onboarding.
Products & Services
- Tokenization Platform as a Service (TPaaS): Low-code token issuance with multi-tranche structuring and KYC/KYB integrations.
- Tokenized Asset Lifecycle Management (TALM): End-to-end management including cap-table transparency, corporate actions, and liquidity via regulated Alternative Trading Systems (ATS).
- zProtocol: Standardized security tokens.
- zCompliance: Automated regulatory adherence.
- zConnect: Bridges traditional finance and blockchain.
- zPay: Transaction rails.
- zIdentity: Verification services.
Additional offerings include white-label solutions, sandbox testing, and customizable DEX creation.
Experience & Reputation
- Founded in 2017
- Global presence: USA, UAE, India, Europe
- Tokenized over $5 billion in assets
- Key projects: $1 billion fund with Aurum Equity Partners, $100 million+ with StegX
- Partnerships: Ripple, PwC (2024 Scale Program), Hedera.
Tokeny
Asset Coverage:
Tokeny has facilitated the tokenization of a diverse range of real-world assets (RWAs), including real estate, equities, debt instruments, and alternative investments.
Technology:
Tokeny utilizes the ERC-3643 protocol (formerly known as T-REX), an open-source suite of smart contracts that enables the issuance, management, and transfer of permissioned tokens. This standard embeds compliance rules directly into smart contracts, ensuring secure, peer-to-peer token transfers without intermediaries. The platform also integrates AI-powered identity verification for Know Your Customer (KYC) processes, enhancing the efficiency and security of investor onboarding.
Products & Services:
- Onchain Finance Operating System: A comprehensive platform for end-to-end tokenization, including issuance, management, and distribution.
- ERC-3643 Protocol: A standard for compliant security tokens with built-in rules for transfers and ownership.
- Multi-Party Approval: Streamlines complex token transfers and counterparty interactions in asset management.
- AI-Driven KYC/AML: Automated investor onboarding and verification using face scans and document checks.
- Digital Asset Marketplaces: Tools for secondary trading and liquidity provision.
Additional services include SOC 2 Type II-compliant security controls, white-label solutions, and integration with custodians and exchanges for seamless real estate digitization.
Experience & Reputation:
- Founded: 2017
- Headquarters: Luxembourg, with global operations
- Tokenized Assets: Over $32 billion across 120+ use cases
- Key Achievements: First tokenization platform with SOC 2 Type I compliance; creator of ERC-3643 standard
- Partnerships: Majority stake acquired by Apex Group; collaborations with custodians, exchanges, and infrastructure providers
Securitize
Asset Coverage
Securitize enables the tokenization of a broad range of real-world assets (RWAs), including real estate, private equity, funds, and operating business shares.
Technology
Securitize operates a blockchain-agnostic infrastructure supporting 15 major networks, including Ethereum and Algorand. Its proprietary DS Protocol governs compliant token issuance, transfers, and lifecycle events such as distributions and redemptions. The protocol embeds KYC, AML, and investor eligibility checks directly into smart contracts, ensuring regulatory alignment across jurisdictions. Securitize’s integrations extend to custodians, transfer agents, and stablecoin providers, enabling compliant settlement and interoperability between traditional and onchain finance.
Products & Services
Tokenization as a Service: End-to-end platform for issuing and managing digital securities across multiple asset classes.
- Fund Administration: Onchain fund accounting and reporting tools, used in tokenized portfolios and institutional products.
- Digital Asset Marketplace: SEC-registered broker-dealer and Alternative Trading System (ATS) enabling secondary trading of tokenized securities.
- Compliance Infrastructure: Regulated services including broker-dealer, transfer agent, and ATS licenses under U.S. securities law.
- Investor Onboarding: Integrated KYC/AML verification and capital-raising solutions for issuers.
Additional integrations include custody and escrow solutions to ensure seamless interoperability between traditional finance and blockchain-based systems.
Experience & Reputation
Founded in 2017 and headquartered in the United States (San Francisco and Miami), Securitize is regulated by the SEC and FINRA. The company reports over $4 billion in tokenized assets and 575,000 registered investor accounts (company-provided figure). Securitize has supported tokenized fund initiatives with BlackRock, Apollo, and other major institutions, reinforcing its position as a leader in compliant asset tokenization. In 2025, Securitize announced plans to go public via a $1.25 billion SPAC merger with Cantor Equity Partners II.
Brickken
Asset Coverage
Brickken focuses on tokenizing a wide range of real-world assets (RWAs) — emphasis on real estate, including residential, commercial, and industrial properties, as well as income-generating portfolios.
Technology
Brickken operates a no-code tokenization infrastructure built on Ethereum, BNB Chain and Avalanche. Its modular stack includes smart contracts for automated compliance, dividend distribution, and cap-table management. Integrated KYC/AML layers and white-label APIs allow enterprises to tokenize assets in a compliant and auditable way.
Products & Services
- Digital Asset Suite: End-to-end platform for token issuance and management of real estate, equity, or debt assets.
- Investor Portal: Branded onboarding environment with automated KYC/KYB and investor rights management.
- Asset Management Tools: Smart-contract automation for settlements, dividend payouts, and investor reporting.
- Token Suite: Enables compliant fractional transfers and secondary-market access.
- Enterprise Solutions: API and white-label integrations for corporate and real-estate clients.
Additional services include modular add-ons for tokenomics customization, fundraising, and global payments.
Experience & Reputation
- Founded: 2020
- Headquarters: Barcelona, Spain
- Assets Tokenized: $300 million (company-reported)
- Coverage: 16+ countries
- Key Partnerships: BNB Chain (RWA ecosystem), PwC Scale Tokenization Program, Chainlink, Cointelegraph Accelerator, Avalanche, DWF Labs, and Hacken Group (cybersecurity validation).
Polymath
Asset Coverage
Polymath provides infrastructure for tokenizing real-world assets (RWAs), including commercial and residential real estate, equity and debt instruments, and other alternative assets.
Technology
Polymath leverages Polymesh, a purpose-built layer-1 permissioned blockchain designed for regulated assets, with features such as identity verification (KYC/AML), on-chain governance, native compliance capabilities, deterministic finality and specialized tokenization workflows.
Products & Services
- White-label issuance and management platform: e.g., the Polymath Capital Platform for issuing, distributing, managing, and trading tokenized assets.
- Token Studio: A no-code tool for creating and managing security tokens, including real-estate property tokens.
- Blockchain infrastructure via Polymesh, supporting regulated asset tokenization.
- Compliance tools: Embedded rules for transfers, investor verification, regulatory workflows.
Additional offerings: portfolio segregation, custodial flexibility, “Start-Me-Up” freemium trials, etc.
Experience & Reputation
- Founded: 2017
- Headquarters: Toronto, Canada
- Assets Tokenized: Polymath has supported the creation of more than 200 security tokens on its infrastructure. Real-estate tokenization examples include:
- $2.2 billion in commercial real estate tokenized by RedSwan CRE using Polymath’s technology
- $30 million in real estate tokenized through REtokens on Polymesh
- Key Partnerships: RedSwan CRE, REtokens, Black Manta Capital Partners, Polymesh Association, AnalytixInsight Inc.
Stobox
Asset Coverage
Stobox provides tokenization infrastructure for real-world assets (RWAs), with a strong focus on real estate, private equity, and corporate securities.
Technology
Stobox operates on a multi-chain architecture, supporting Ethereum, Polygon, and BNB Chain to ensure flexibility and interoperability. The company integrates MPC (multi-party computation) for secure asset custody and Sumsub KYC/AML for investor verification.
Products & Services
- Stobox 4 – a licensed European platform for end-to-end RWA tokenization, including legal structuring, issuance, and lifecycle management.
- Stobox 3 – a decentralized, non-custodial environment enabling SMEs and startups to issue and trade tokenized securities.
- Stobox DID – a decentralized identity module that supports compliance and privacy using blockchain verification.
- Tokenization Suite – an integrated toolkit with DS Dashboard V3 for managing tokenized assets and investor relations.
Experience & Reputation
- Founded: 2018
- Headquarters: Kyiv, Ukraine
- Licensed operations: European Union and Qatar (via Qatar Financial Centre Digital Assets Lab)
- Assets Tokenized: Over $500 million in total tokenized value (company-reported)
- Key Partnerships: Sumsub (KYC/AML), Crowe, PwC, NeosLegal, and Blockchain for Europe Association
StegX
Asset Coverage
StegX concentrates on institutional real estate assets, including commercial properties, mixed-use developments.
Technology
StegX employs blockchain technology for secure, transparent transactions, featuring immutable ledgers, integrated wallets, advanced reporting, and tools for asset digitization and lifecycle management. Key innovations include compliance-embedded smart contracts, secondary market integrations for liquidity, and a collaborative ecosystem that ensures regulatory adherence while facilitating global connections.
Products & Services:
- NextGen Marketplace: Compliant platform connecting investors to tokenized real estate opportunities, blending traditional and digital investments for global access.
- Capital Raising and Structuring: Innovative tools for white-label investment vehicles, tokenization processes, and listings to boost visibility and attract institutional capital.
- Lifecycle Solutions: End-to-end management covering structuring, portfolio customization, secondary trading, and liquidation for tokenized assets.
- Collaborative Ecosystem: Integration of partner services for turnkey solutions, including expertise in administration and compliance.
- Tokenization and Listing Services: Simplified issuance for asset managers, unlocking liquidity and new revenue streams through blockchain.
Additional offerings include partner showcase tools and community building features, reducing operational costs through automation and fostering global collaborations for real estate projects.
Experience & Reputation:
- Founded in 2022
- Headquartered in Frankfurt, Germany, with global operations
- Key projects: First joint tokenizations with Bolder Group, $100 million real estate fund with Zoniqx focused on PPP and mixed-use developments
- Partnerships: Zoniqx (EU market expansion), Magma (asset management empowerment), Tokinvest (global tokenized markets), T-Blocks (emerging markets connection), Bolder Group
Evergon
Asset Coverage
Evergon is a second generation tokenization platform. It provides infrastructure for Real-world assets (RWAs) across multiple verticals, including real estate, commodities, equity, debt, and carbon credits. The platform supports both single-asset and fund structures, enabling issuers to digitize income-generating portfolios, corporate instruments, or project-based financing.
Technology
Evergon is built around the ERC-7208 architecture — officially recognized as the best tokenization base smart contract by the Ethereum community in 2025. It allows universal, composable, and omnichain tokenization. In other words: it does not trap customers into one protocol only or with one version only of the contract unlike ERC-3643. Its architecture embeds compliance and transfer logic directly at the smart-contract level, ensuring interoperability between public and private EVM networks.
Products & Services:
Evergon offers a self-service, white-label platform that allows organizations to launch their own token marketplaces in minutes. The solution combines issuance tooling, investor onboarding, lifecycle management, and compliance automation within a single interface. Through the compliance features directly integrated in the product, issuers can configure and monitor jurisdictional rules, transaction policies, and verification workflows — including KYC, KYB, KYT, and AML — to ensure regulatory alignment throughout the asset lifecycle.
Experience & Reputation:
Founded in 2019, Evergon currently manages a $1.2 billion tokenization pipeline for the end of 2025. It powers institutional-grade tokenization projects globally, including world firsts like Immaculata Living — a $210 million university-backed real-estate development in partnership with Neem Capital and the American Islamic College — or Cireta, a commodities tokenization initiative with already nearly $600M tokenized gold, copper and more. Evergon is part of Qatar’s Digital Assets Lab legal sandbox and has an active MiCA license application underway, with further regulatory expansion planned across Europe, the Middle East, and the United States.
Conclusion
Most real estate tokenization platforms emerged during the IPO hype of 2017–2018 and, while they specialize in a broad range of assets, including real estate, their products are generally similar — SaaS platforms for tokenization on a chosen blockchain and investment management tools. Only a few provide additional infrastructure, such as proprietary marketplaces, while marketing and compliance often remain the responsibility of the adopting project. Some platforms have ceased operations or shifted focus to other asset types.
What can create real value in this space is the surrounding infrastructure: compliance, marketing, community, and marketplaces. Some real estate tokenization companies are now building this ecosystem around platforms, offering end-to-end services that combine technology with strategic, legal, and investor support. This integrated approach appears to be the key driver for long-term success.
At DigitalPropInvest.com, I’m committed to guiding founders through the challenges and opportunities of real estate tokenization — including choosing the right tokenization platforms. Join the conversation on LinkedIn or explore the latest insights on the portal.
