Tokenized real estate, explained.A slice of the building, on-chain.
Tokenized real estate means owning a share of a property through a token. You almost never own bricks directly. You own a share of a company, trust or fund that holds the property, and the token records that share. Rent, if any, flows from tenants to the company and then to token holders.
Reviewed October 19, 2026 · figures from our live data
The short answer
A property token usually represents shares or a membership interest in a legal entity that owns one property or a portfolio.
Income comes from rent after costs such as maintenance, taxes, insurance and management fees. It is not guaranteed.
Selling can be hard. Many platforms rely on their own marketplace or occasional buybacks, so prices can drift from the property’s value.
Who may buy is set by the issuer. Many offerings are limited by country or investor type, and the platform states the rules.
tokenized real estate in our data today
issuers
stated yield range across 31 with a rate
How property tokens are structured
The structure matters more than the blockchain. These are the common building blocks.
- 1
Single-property company
One building sits in its own company, often an LLC or similar entity. Each token is a share of that company. This is the most common model for rental houses.
- 2
Fund or REIT-like vehicle
A fund holds many properties and issues tokens as fund units. Diversification is higher; you also pay fund-level fees.
- 3
Debt instead of equity
Some tokens are loans secured on property. You get interest, not a share of rent or price gains, and the risk is the borrower and the collateral.
- 4
Property manager
A manager collects rent, handles repairs and tenants, and is paid a fee. Its competence and honesty drive the result more than the token does.
- 5
Platform
The platform sources properties, issues tokens and runs the marketplace. If it stops operating, you depend on the legal entity and its documents to keep your claim.
- 6
Payouts
Net rent is often paid in stablecoins on a regular schedule. Advertised yields are usually projections, not promises.
Risks to check first
Real estate risk does not disappear on a blockchain. Some risks are new.
- 1
Vacancy and repairs
An empty unit or a new roof can wipe out a year of income for a single-property token.
- 2
Liquidity
There may be few buyers. Check whether the platform offers buybacks and on what terms.
- 3
Platform dependence
If payouts stop, find out who controls the property company and how holders can act. See our guide on what happens if an issuer fails.
- 4
Valuation
Token prices are often set by the platform, not by a market. Ask how and how often the property is appraised.
- 5
Legal title
Check that the entity really owns the property and that token holders are the registered owners of that entity.
- 6
Tax
Foreign property can create tax filings in the property’s country. Get local tax advice.
The 12 highest stated yields
Yields as stated by the issuer or read on chain, with the date they were checked on each token page. Not a recommendation.
| Token | Issuer | Yield | Minimum |
|---|---|---|---|
| Reental (tokenized EU real estate) | Reental | 10-12% (projected annual rental return, per project) | €500 / project |
| RealT (tokenized US rental real estate) | RealToken | Payouts suspended (stated median rent 9.82%) | ~$50 / token |
| 三井物産のデジタル証券 東横INN（優待あり） | ALTERNA (Mitsui & Co. Digital Asset Management) | 4.5% expected distribution yield (Progmat) | — |
| ケネディクス・リアルティ・トークン 赤羽志茂 | Kenedix | 4.4% expected distribution yield (Progmat) | — |
| 三井物産のデジタル証券 銀座 | ALTERNA (Mitsui & Co. Digital Asset Management) | 4.3% expected distribution yield (Progmat) | — |
| ケネディクス・リアルティ・トークン ロンコプロフィットマート厚木 | Kenedix | 4.1% expected distribution yield (Progmat) | — |
| 三井物産のデジタル証券 浅草・まちなか旅館 | ALTERNA (Mitsui & Co. Digital Asset Management) | 4.1% expected distribution yield (Progmat) | — |
| いちご・レジデンス・トークン 中目黒・神楽坂・明大前 ほか | Ichigo | 4.0% expected distribution yield (Progmat) | — |
| ケネディクス・リアルティ・トークン ONSEN RYOKAN 由縁 札幌 | Kenedix | 4.0% expected distribution yield (Progmat) | — |
| ケネディクス・リアルティ・トークン ST所沢物流センター | Kenedix | 4.0% expected distribution yield (Progmat) | — |
| ケネディクス・リアルティ・トークン グランドニッコー東京ベイ舞浜 | Kenedix | 4.0% expected distribution yield (Progmat) | — |
| ケネディクス・リアルティ・トークン 大阪レジデンス 東西都市開発エリア | Kenedix | 4.0% expected distribution yield (Progmat) | — |
Questions
Do I own the property when I buy a real estate token?+
Usually not directly. You own a share of the company or fund that owns the property. Your rights depend on that entity’s documents.
Where does the yield on tokenized real estate come from?+
From rent minus costs and fees. Some tokens also gain or lose value when the property is revalued or sold.
Can I sell my property tokens any time?+
Not always. Liquidity depends on the platform’s marketplace and on other buyers. Some tokens trade on decentralized exchanges, but volumes are often small.
What happens if the platform shuts down?+
The property company should still exist and own the building. Whether holders can keep collecting rent or sell depends on governance rules and who takes over management.
- Tokenized real estate yields →
- RealT alternatives →
- Reality rTokens →
- RealT stopped paying: what now →
- What happens if a token issuer fails →
This guide explains how these products work and is not investment advice or an offer of any security. Who may buy a product is set by its issuer; check the offering documents before investing.