News list for "Real estate tokenization"
According to the Deloitte Center for Financial Services report, real estate tokenization is expected to become the leading way to finance, own, and trade real estate, with the market size likely to reach $4 trillion by 2035 and an average annual growth rate of 27%. Tokenization offers advantages such as operational efficiency, faster settlements, and broader investor access. The report notes that the appeal of real estate tokenization is its ability to simplify complex financial protocols, such ...
Dubai Land Authority (DLD) has announced the launch of a real estate tokenization pilot project, becoming the first real estate registry in the Middle East to use blockchain technology to manage real estate title certificates. The project is jointly developed by the Dubai Land Authority in conjunction with the Virtual Asset Regulatory Authority (VARA) and the Dubai Future Foundation (DFF). The Dubai Land Authority expects that by 2033, the tokenized real estate transaction volume will reach 60 b...
