Property tokenization was gaining traction among cryptocurrency enthusiasts as a novel way to real estate investment, as the broader narrative of putting real-world assets on blockchain rails gathers steam. What Happened: The high property prices in major cities like London and New York have made direct property investment increasingly unaffordable, paving the way for tokenized real estate as a viable alternative, according to a Financial Times report. Unlike real estate investment trusts (REITs) that own or finance large clusters of commercial and residential buildings, tokenized real estate …
