Tokenized Real Estate Is Live — Here’s Where It’s Working

Tokenized real estate is no longer just an idea.
Over the past two years, properties in places like Dubai, Florida, and Tokyo have moved onto the blockchain — becoming digital, tradeable assets.

But this isn’t theory anymore. Projects are live. Tokens are trading. Investors are earning.

In this article, we explore where real estate tokenization is already working — and what it’s changing for developers, platforms, and buyers around the world.

Let’s take a closer look.

Dubai: A Government-Backed Future

Dubai is becoming a global center for tokenized real estate. In March 2025, the Dubai Land Department (DLD) launched a project to put property titles directly on-chain. The goal? Make blockchain part of the city's real estate infrastructure.

One local startup, Estate Protocol, listed its first tokenized property in 2024, offering crypto-based access to apartments.

With strong government support and active startups, Dubai is building both the tech and trust needed to scale real estate tokenization.

Florida: Office Space Enters the Digital Era

In the U.S., tokenization is helping investors rethink commercial property. In 2024, Vera Capital used Blocksquare to tokenize a $5.4 million office building in Fort Lauderdale. Investors can now earn around 5% annual returns — without owning the full asset.

But the bigger change is liquidity. These tokens are traded on Oceanpoint, a decentralized real-world asset (RWA) marketplace built by Mantra. That means investors can buy, sell, and even borrow against their shares.

Instead of locking up money for 10 years, investors now have options. And developers gain access to capital without relying on banks.

Japan: Retail Investors Get a Seat at the Table

In mid-2024, Japanese REIT manager Kenedix launched Kolet‑1, a token representing a portfolio of 462 rental homes worth over $130 million. The tokens were sold through Boostry, a blockchain platform co-founded by Nomura.

What makes this different? Kolet‑1 was sold via a regular bank channel and was open to everyday investors — not just institutions. The offering raised over $63 million and now pays out rental income quarterly.

With clear regulation and trusted platforms, Japan is showing that tokenized real estate can go fully mainstream.

Canada: Regulated, Tokenized, and Scaled

Canada is proving that large real estate deals can succeed on-chain. In 2025, Ocree Capital launched a $51.9 million tokenized commercial property using Polymesh, a blockchain built for regulated securities.

This project was open only to accredited investors — but it proved that tokenization can fit within existing legal rules.

Another major effort, Project Champfleury, is bringing $300 million worth of real estate to the blockchain in Quebec. It’s still early, but the size and structure show growing confidence in Canada’s tokenized finance ecosystem.

What’s Actually Changing?

Across Dubai, North America, and Japan, we’re seeing the same themes:

• Access: Small investors can now buy fractions of buildings, not just full units.
• Speed: Smart contracts reduce delays, paperwork, and intermediaries.
• Liquidity: Platforms like Oceanpoint give investors new exit options.
• Compliance: Tools like Polymesh and Boostry help projects stay legal.

But It’s Not Magic

Tokenization makes real estate faster, more flexible, and more open. But it’s not a shortcut.
Assets still need due diligence. Many offerings are still limited to accredited buyers. And not all tokens have active trading markets — yet.

Still, the shift is real. Investors are earning income from properties they couldn’t access before. And developers are raising funds faster, across borders.

Final Thought

Tokenization is no longer just an idea. It’s a working system — with live platforms, traded tokens, and real returns.

As more countries update their laws and tech improves, we’ll see tokenized real estate become a normal part of global finance.
The future is already here — it just happens to be fractional.