Tokenized Real Estate: How It Works for Businesses
The question that decides the project is not technical Tokenizing a building does not put the building on a blockchain. Title stays in the land registry, held by whatever entity owns the property, and the token represents an interest in that entity rather than in the bricks. Everything the project can and cannot do follows from that one structural fact. Which makes the first question a legal one: under the law governing that entity, how do interests in it transfer, and what happens each time they do? In some jurisdictions, the honest answer makes the fractional trading thesis impossible before anyone writes a line of Solidity. Getting that answer early is the difference between a workable offering and an expensive pilot that stalls at legal review. Four constraints that decide feasibility None of these are technology problems, and none of them get solved by a better smart contract. Transfer taxes on entity interests. Many jurisdictions treat a transfer of interests in a property...