December 29 – January 9January 9, 2026 Executive Summary On-chain tokenized real estate market value declined to $340.32M  over the Dec 29–Jan 9 period, marking the first recorded decrease  since tracking began. While we did switch over to Fridays instead of Mondays for data gathering, it seems unlikely that's the reason the data turned out this way. Despite the broader market pullback, RealT  continued to post incremental gains and remained the dominant protocol, accounting

Week of January 5–9, 2026 Week in Review This week highlighted how tokenized real estate and adjacent RWA infrastructure are moving deeper into applied use cases. Rather than emphasizing experimentation or broad transformation narratives, institutions and platforms focused on practical deployment, development finance, transaction infrastructure, and market data exposure. Tokenization is increasingly being positioned as a tool for capital efficiency and operational streamlinin

Week of Dec 26 – Jan 2 Week in Review This week reinforced a central theme emerging across tokenized real estate and adjacent infrastructure: the sector is settling into an execution phase. Rather than chasing broader narratives around disruption, leading players are concentrating on regulated market access, operational focus, and delivery readiness. Securitize’s plans for a compliant tokenized exchange point to growing confidence that onchain securities infrastructure can s

Week of December 22–29 Executive Summary This week’s on-chain tokenized real estate data continues to reflect a slow and steady market environment. Total tracked market value closed the period at $340.5M , with week-over-week changes remaining minimal across leading protocols. RealT  maintained its position as the dominant platform, accounting for approximately 46%  of total tracked assets. Activity across protocols was again muted during the week, with only modest movements

Week of Dec 19–26 Week in Review This year tokenized real estate settled into a phase of structural consolidation rather than headline-driven growth. With markets quieter during the holiday period, attention shifted from new launches to assessments of readiness: regulatory alignment, market design, and long-term adoption conditions. This week, research and forward-looking analysis replaced deal announcements, offering a clearer view of where real estate tokenization stands as

Overview Securitize is a regulated tokenization and digital securities infrastructure provider operating across private markets. Rather than focusing on retail investing or open liquidity venues, Securitize provides compliant systems for issuing, administering, and controlling tokenized financial products. While Securitize is not a real estate platform, it provides regulated tokenization and fund infrastructure that can be used by real estate asset managers issuing private re

Executive Summary Securitize represents one of the more institutionally embedded approaches to blockchain-based tokenization within regulated financial markets. Its primary advantage does not lie in creating new investor experiences or open liquidity venues, but in providing compliant infrastructure for issuing, administering, and controlling digital representations of traditional financial assets. In Securitize’s model, blockchain functions as a regulated ownership and lif

Week of December 15–22 Executive Summary This week’s on-chain tokenized real estate data continues to reflect a slow and steady market environment. Total tracked market value reached $340.41M , increasing 0.11%  week over week. RealT remains the dominant protocol, representing 45.78%  of tracked assets, while overall market concentration remains unchanged, with the top three protocols accounting for 87.30%  of total assets. Activity across protocols appears muted, potentially

Week of Dec 12-19 Week in Review This week reinforced how tokenized real estate is shifting from conceptual pilots into early-stage market infrastructure. Policymakers, capital allocators, and platform operators are increasingly engaging with tokenization as a structural upgrade rather than a speculative experiment. In India, proposed legislation signaled growing government interest in formalizing asset tokenization frameworks, with real estate positioned as a core use case.

Overview Figure is a blockchain-enabled loan originator operating in regulated credit markets, with a primary focus on home equity and other secured lending products. Rather than positioning blockchain as a consumer-facing feature, Figure uses a permissioned ledger as internal and inter-institutional infrastructure  to improve settlement, reconciliation, and capital efficiency across the loan lifecycle. What Figure Is Actually Doing Figure integrates blockchain into loan orig

Executive Summary Figure represents one of the more operationally mature applications of blockchain within regulated credit markets. Its primary advantage does not stem from consumer-facing innovation or decentralization, but from using a permissioned ledger to compress reconciliation, settlement, and custody functions between origination and institutional capital. Blockchain in Figure’s model functions as an inter-institutional coordination layer, enabling shared verifica

Week of December 8-15 Executive Summary This week’s on-chain tokenized real estate data shows continued stability with limited week-over-week movement. Total tracked market value reached $340.04M , increasing 0.11%  from the prior week. RealT remains the dominant protocol, representing 45.79%  of tracked assets, while overall market concentration remains high with the top three protocols accounting for 87.30%  of the market. Notably, Lofty recorded its first marginal decline

Executive Summary RealT represents one of the most operationally mature implementations of tokenized real estate, demonstrating that property-level tokenization can function within existing legal and regulatory frameworks. The platform’s core strength lies in its tight coupling of on-chain tokens to off-chain legal entities and real cash flows, prioritizing durability and compliance over rapid scale or financial abstraction. RealT’s model exhibits clear structural tradeoffs.

Week in Review This week reinforced how tokenized real estate is steadily transitioning from experimentation into market infrastructure. Platforms are no longer just testing fractional ownership models. They are integrating regulated yield, licensing frameworks, and government-backed property records directly into blockchain systems. Figure extended real-estate-linked yield into DeFi rails. Plume strengthened its regulatory footing in Abu Dhabi, a region positioning itself as

Week of December 8, 2025 Executive Summary This week continues the development of a baseline view of the on-chain tokenized real estate market using DeFiLlama’s Real Estate category. RealT remains the dominant protocol in the dataset, holding approximately 46% of tracked assets. Market concentration continues to be high, with the top three protocols representing 87.3%  of total on-chain assets. Dataset Data for this report is sourced from the DeFiLlama Real Estate  category.

Week in Review Tokenization continued its shift from experimentation to formal market architecture this week. Figure advanced U.S. regulatory alignment by publicly filing for a blockchain-native equity offering; PropTory showcased a pre-launch tokenization platform with a strategic partnership signaling early ecosystem formation; and Georgia (the nation) became the latest government to migrate real estate registries on-chain, illustrating how national infrastructure is conver

Executive Summary Tangible’s collapse demonstrates the central failure mode of early RWA protocols: pairing slow-moving collateral with fast-moving liabilities. The project executed well in acquisition, UX, and narrative, but relied on short-term debt incompatible with real estate liquidity. The migration to an immature L2 added systemic risk without offsetting benefits. Ultimately, the mismatch between obligations and asset timelines created a liquidity trap that USDR could

Overview Tangible aimed to merge tokenized real estate with DeFi through property-backed assets and a partially collateralized stablecoin, USDR. Strong early interest demonstrated market appetite, but a combination of strategic and liquidity challenges led to a structured wind-down beginning in 2025. Key Strategic Decision In 2024, Tangible secured short-term loans  against its UK property portfolio to accelerate USDR buybacks and reduce supply. While intended to restore conf

A Business Analysis and Case Study 1. Executive Summary Tangible sought to integrate tokenized real estate with decentralized finance through property-backed assets and a partially collateralized stablecoin, USDR. The project demonstrated strong early traction, but a series of interconnected strategic and operational challenges—especially around liquidity planning and financing structure—led the organization into a wind-down process beginning in 2025. This report provides a c

Week of December 1, 2025 Executive Summary This week establishes a baseline view of the on-chain tokenized real estate market using DeFiLlama’s Real Estate category. RealT accounts for roughly 46%  of tracked assets, while the top three protocols collectively represent 87.6%  of the market, reflecting a highly concentrated landscape with a long tail of smaller platforms. Dataset Data for this report is sourced from the DeFiLlama Real Estate  category. This dataset does not t