According to the CEO of Polygon, real-world asset (RWA) tokenization can completely overhaul the real estate investment sector, which is highly illiquid and is highly transactional costs filled with intermediaries.
In an interview with Cointelegraph, the CEO said that tokenization of properties would remove unnecessary intermediaries, thereby reducing transaction costs.
The CEO added that fractional ownership and transaction tokenized real estate in the secondary market open up liquidity and speed up money. Boiron told the Cointelegraph:
“What you really want is the ability to eliminate illiquidity discounts on real estate. All properties are illiquid, so they're discounted to some extent. If they're liquid, they're more valuable.”
Lumia Towers, a continuing $220 million commercial property development in Istanbul, Turkey, tokenized the project using Polygon technology, featuring two skyscrapers with 300 mixed-use commercial and residential units.
Boylon said the future of real estate is on-chain. However, regulators must be satisfied with blockchain technology and non-public systems before tokenized real estate becomes the de facto standard.
Concept photo of Lumia Towers. Source: Polygon Labs
Related: Billion Dollar Blueprint for Tokenized Real Estate: rwas shaping dubai
Real estate that is globally on-chain
In the US, Quarter offers tokenized alternatives to debt-based mortgages to raise the level of homeownership and make them more affordable for aspiring home buyers.
The company accomplishes this by allocating fragmented stock rights to both real estate investors and future home buyers who are deviating from the current standard of traditional debt-based mortgage financing in many jurisdictions.
In February 2025, real estate platform BlockSquare launched its real estate tokenization framework for the European Union.
Tokenization of real estate assets is gaining popularity in the United Arab Emirates (UAE), which has become one of the hottest real estate markets in the world.
According to Tokinvest founder and CEO Scott Thiel, UAE real estate developers are in a hurry to tokenize their projects as an alternative to traditional fundraising structures.
Stablecoin Issuer Tether partnered with real estate platform Reelly Tech in February 2025 to expand the use of USDT (USDT) in real estate transactions in the UAE.
Magazine: Block by Block: Blockchain Technology is transforming the real estate market
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