Tokenizing 2025’s luxury & commercial real estate: unlocking a new era of projects

Tokenizing Real Estate: Four Projects Leading the Billion-Dollar Trend in 2025

Photo courtesy of Sean Pollock on Unsplash.

Rise of Tokenization

By 2025, luxury and commercial real estate tokenization is shifting from pilot projects to billion‑dollar deployments. Turning property shares into blockchain‑based tokens unlocks fractional ownership, enables cross‑border participation, and adds liquidity to assets that were traditionally illiquid. For investors and institutions, regulated real‑world asset (RWA) infrastructure now offers a new channel to access prime property markets.

Four Projects at the Forefront

• MultiBank Group – A comprehensive platform that consolidates tokenized real‑estate assets, allowing secure fractional ownership and institutional liquidity provision.
• MANTRA Chain – A blockchain ecosystem that integrates real‑estate tokenization with transparent smart‑contract governance and global asset access.
• Propy – A real‑estate marketplace that tokenizes property titles, enabling cross‑border transactions and on‑chain title ownership.
• Hedera via RedSwan CRE – A consortium that uses Hedera’s high‑throughput network to tokenized CRE assets, providing fast settlement and regulatory compliance.

Impact on Investors

Regulated RWA infrastructure now allows prime property exposure without the constraints of traditional ownership. Tokenization brings liquidity, fractional access, and global reach to the real‑estate sector, making it a compelling avenue for both institutional and individual investors.

1. Hedera and RedSwan CRE

RedSwan CRE Fuels Real‑Estate Tokenization on Hedera

RedSwan CRE leverages Hedera’s high‑throughput, low‑energy Hashgraph ledger to unlock fractional ownership of commercial properties. Managing roughly $5 billion in assets, the firm operates Token Studio, a streamlined platform that delivers secondary trading of digital securities within a fully regulated U.S. framework.

Why the Combination Matters

• Hedera’s architecture offers 100,000 transactions per second while consuming minimal energy.
• RedSwan’s portfolio supplies an institutional base that establishes credibility for real‑world asset (RWA) tokenization.

Current Landscape

Luxury residential projects on Hedera have yet to reach the scale seen in markets like Dubai, yet the ecosystem remains the most institution‑ready in the tokenization arena. Through Token Studio, RedSwan delivers a turnkey digital experience that transforms real estate into a 24/7, global asset class.

2. MultiBank Group

Dubai‑Based MultiBank Group Partners with MAG Lifestyle Development and Mavryk to Tokenize $3 B in Real‑World Assets

Key Players

• MultiBank Group – the world’s largest derivatives institution, regulated by 17 top authorities across five continents.
• MAG Lifestyle Development – specialist in high‑end property portfolios.
• Mavryk – a purpose‑built blockchain platform designed for compliant on‑chain asset distribution and DeFi integration.

Tokenization Initiative

The joint effort introduces the largest Real‑World Asset tokenization program to date, with a valuation of $3 B. The program is anchored by the $MBG utility token, which offers:

• Staking rewards that accrue over time.
• Fee discounts on transaction costs.
• Early access to listings for token holders.
• A deflationary buy‑back model that reduces token supply.

MAG’s Premium Property Portfolio

• The Ritz‑Carlton Residences, Dubai.
• Creekside – part of the Keturah Resort.
• Keturah Reserve.

MultiBank Group’s Institutional Credibility

The firm brings a derivatives business that generated $362 M in 2024 revenue, complemented by custody solutions secured via Fireblocks. MultiBank Group is already targeting a $10 B tokenized asset pipeline, positioning the $MBG utility token as a core player in institutional‑grade property tokenization.

Future Outlook

With the combination of top‑tier regulators, premium real‑estate assets, and a blockchain platform tuned for compliance and DeFi, the collaboration sets a new benchmark for tokenized real‑world asset programs worldwide.

3. MANTRA Chain

Mantra Chain positions itself as the Gulf’s tokenization engine

Built on Cosmos, Mantra Chain is a Layer‑1 blockchain engineered for compliant tokenization of real‑world assets (RWA). By integrating KYC/AML, a decentralized exchange, and IBC interoperability, the chain makes it straightforward to tokenize real estate, art, bonds, and securities.

Strategic partnerships fuel adoption

• $1 billion deal with DAMAC Group to tokenize UAE properties, data centres, and hospitality assets.
• $500 million collaboration with MAG Property, cementing Mantra as the central hub for institutional tokenization in the Gulf.

Regulatory alignment at the core

Licensed by VARA as a virtual asset service provider, Mantra Chain is designed to become the “ledger of record” for tokenized assets, merging regulatory compliance with decentralized infrastructure.

Ecosystem fund accelerates RWA adoption

Mantra has launched a $108 million ecosystem fund dedicated to speeding up the tokenization of real‑world assets across the region.

Future outlook

With strategic deals, regulatory licensing, and a sizeable ecosystem fund, Mantra Chain is set to lead the tokenization of tangible assets in the Gulf, offering institutional investors a compliant and decentralized platform.

4. Propy

Propy’s Blockchain Revolution

First US Crypto Real Estate Sale marked a pivotal moment in 2022, as Propy leveraged NFTs to digitize property ownership.

Platform Mechanics

• NFT Ownership — Each property is tokenized, enabling on‑chain transfers.
• Global Investor Access — Crypto buyers worldwide can secure listings instantly.
• Native PRO Token — Facilitates listings, settlements, and ecosystem governance.

2025 Expansion

Propy broadens its international database, integrating Real‑World Asset (RWA) listings. While its volume remains shy of multi‑billion tokenizations from platforms like MultiBank and MANTRA, Propy retains a leadership stance among early adopters seeking residential real estate via crypto and NFTs.

Borderless Buying & Selling

By endorsing NFT‑based ownership transfers and crypto‑backed mortgages, Propy delivers faster, more transparent, and efficient access to global property markets.

Why it matters

Reimagining Real‑Estate Tokenization

Luxury and commercial property markets are entering an accelerated tokenization era.

Major Players and Billion‑Dollar Projects

• MultiBank Group and MANTRA are launching regulated funds that bring institutional scale to tokenized real estate.
• Propy and Hedera are establishing the technical backbone and transaction frameworks necessary for worldwide adoption.

Investor Benefits in 2025

• Fractional Ownership – small capital investments unlock access to premium properties.
• Improved Liquidity – on‑chain trading moves real estate faster than traditional markets.
• Blockchain Transparency – verified ownership records protect investors and reduce fraud.

Reshaping Prime Real‑Estate Trading

As 2025 progresses, these tokens illustrate how on‑chain ownership can fundamentally alter how high‑value property is bought, sold, and held.