Blockchain Realty Report #2

Blockchain Realty Report

September 24, 2025

Week in review

The week highlighted two converging forces: large-scale pilots and macroeconomic shifts. RedSwan’s $100M+ Stellar pipeline underscores how tokenization is expanding into new blockchain ecosystems, while Mavryk’s newly announced $10M investment from MultiBank Group supports its $10B Dubai plan, showing institutional backing. At the same time, the Fed’s first rate cut of 2025 reduces conventional yields, making tokenized real estate’s fractional access and potential returns more attractive. These dynamics reinforce a trajectory now backed by both policy and capital flows. Sources: Stellar Foundation (Sept 18, 2025); Federal Reserve (Sept 17, 2025);

Featured Projects and News of the Week

RedSwan CRE Brings $100M+ Pipeline to Stellar

RedSwan CRE announced plans to tokenize over $100M in commercial real estate assets on Stellar by the end of 2025. The Stellar Foundation blog (Sept 18) highlighted the integration as one of Stellar’s largest RWA initiatives to date, signaling a shift from payments into capital markets. The pipeline spans multifamily and commercial projects, aiming to broaden investor access. If executed, this could establish Stellar as a credible competitor to Polygon, Avalanche, and private chains in real estate tokenization. Source: Stellar Foundation blog, Sept 18, 2025

Fed Cuts Rates — Implications for Tokenized Real Estate

On Sept 17, the U.S. Federal Reserve cut rates by 25 basis points, its first move of the year. Traditional markets saw modest relief, with crypto prices ticking higher. For tokenized real estate, the shift is more structural: lower yields in conventional financing make fractionalized, globally accessible property investments more compelling. Brevitas (Sept 12) argued that tokenization offers diversification and liquidity beyond monetary cycles, positioning on-chain real estate as an inflation-hedged alternative. The macro backdrop strengthens the case for platforms pitching tokenized yields. Sources: Federal Reserve press conference (Sept 17, 2025); Brevitas Blog, Sept 12, 2025

Mavryk Network Closes $10M Strategic Round

Mavryk Network confirmed on Sept 17 a $10M strategic investment led by MultiBank Group, with Fireblocks integrated for custody. Coindesk, Markets Insider, and The Defiant covered the news, which supports Mavryk’s plan to tokenize over $10B in UAE luxury real estate. The capital, anchored by a major financial institution, is one of the clearest signals yet of institutional interest in real estate tokenization. For investors, the Dubai pilot reflects both scale and seriousness, positioning Mavryk as a key contender in high-value tokenized property. Sources: Coindesk, Sept 17, 2025; Markets Insider; The Defiant

By The Numbers

Ranking projects by their current tokenized Assets Under Management (AUM), reflecting the actual value of properties already tokenized and managed on-chain, with Blocksquare leading at approximately $200M.

The astutest of observers among you may notice a slight change since last week's numbers. I must admit, these numbers are approximate and estimated to the best of our ability. I assure you that all estimates will be labeled as such moving forward.

Estimated ranges are derived from disclosed property counts, announced deals, available on-chain/marketplace data, and typical asset sizes, with the lower bound reflecting a minimum likely tokenized amount, and the upper bound reflecting the maximum implied by public disclosures.

I'll also be digging into Parcl and Provenence soon to see if they also can be added to the charts with estimated Tokenized AUM. In the meantime, have a look at the full list of projects that may be tokenizing Real Estate assets, but as far as what is publicly reported, there's no way to accurately estimate how much is currently tokenized.

MANTRA Chain

Propchain Global

T-rize

EstateX

Prypco Mint

Landhive

Landao (LANDAO)

Brickken

InvestVesta / Vesta

PropGlobal

PropBlock RWA

Estate Protocol

StegX Finance

Slice (Slice RWA)

Mey Network

YieldHive

Renta Network

PropyKeys

Archax

ROC (Realty On Chain)

Ripple / Ctrl Alt / Dubai Land Dept

Seazen Group (China)

Plume Network

Landlord’s Corner (personal insights)

One of the renters' curtains fell down in the living room, and I figured that putting them up myself shouldn't be too much of a hassle. Several failed glue panels and an overworked, smoking, borrowed drill later, and I managed to get the damn thing up (slightly crooked...?). Why do I insist on doing these things myself?

This week captures the duality of tokenized real estate: global institutions are starting billion-dollar pilots while the macro environment pushes investors toward alternative yields. Stellar’s entrance expands the competitive map, Mavryk shows the scale of institutional backing, and the Fed’s decision makes on-chain assets more attractive. The long-term projection by Deloitte — $4T by 2035 — feels less like a forecast and more like a roadmap we’re already walking.

Let’s grow this space together

Share with colleagues, investors, and others curious about tokenized real estate.