What is blockchain and what can it do?

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It is difficult to imagine how an intangible technology such as blockchain could transform the real estate sector. But it is arguably now a reality.

Blockchain technology is enabling real-world assets, such as real estate and land, to be divided into smaller, transferable units. This process, known as tokenization, is revolutionizing the way these assets are owned and distributed.

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In simple terms, the tokenization of funds is the process of converting real-world assets (RWAs) or funds into digital tokens using blockchain technology. RWAs encompass tangible assets such as real estate, intellectual properties, art, currencies, commodities, equities, bonds, money markets, and more. These assets frequently encounter challenges related to liquidity, transparency, and accessibility within the traditional financial world.

Blockchain technology enables RWAs to be tokenized into digital tokens that allow fractional ownership, potentially making physical assets more accessible to a wider audience. Tokenizing RWAs can increase liquidity, transparency, and accessibility, and is often described as a way to democratize the traditional financial markets.

Financial giants such as BlackRock and Visa have jumped into the world of tokenization. If a report by McKinsey & Company is to be believed, the potential value of tokenized assets could reach almost $2 trillion by 2030.