Digital land rush: Real estate tokenization across the globe

The global real estate tokenization market is experiencing significant growth as platforms like Alt DRX, Lofty, and BlocHome leverage blockchain to democratize property investment. A 2022 Boston Consulting Group report projects that the tokenization of illiquid assets could reach a $16 trillion valuation by 2030, accounting for 10% of global GDP. Regional progress is evident, with the Dubai Land Department launching its Real Estate Tokenization Project in 2025 to digitize property title deeds. In the United States, the market is expected to grow from $0.96 billion in 2024 to $6.6 billion by 2034, building on early successes like the St. Regis Aspen Resort tokenization. Meanwhile, Luxembourg has integrated tokenization with land registries under MiCA compliance, and the United Kingdom is utilizing its Digital Securities Sandbox to refine regulatory frameworks for digital assets. These developments collectively address traditional barriers such as high entry costs and illiquidity by enhancing transparency and fractional ownership. This shift signifies a broader institutional and governmental move toward integrating blockchain technology into established real estate markets worldwide.