A current evaluation of RWA.XYZ, the main knowledge platform for tokenized RWA, revealed its newest tokenized knowledge evaluation with the addition of a brand new asset class: actual property. The UAE leads within the variety of tokenized actual property property, and the US leads within the worth of tokenized actual property property.
The platform’s evaluation reveals that tokenized actual property, together with direct possession, funds, REITs, and mortgage-backed bonds, is presently price $356.2 million (up to now 30 days), with greater than 10,000 holders proudly owning 57 tokenized property in 10 nations.
International locations which have tokenized actual property tasks embrace Canada, Mexico, the US, Romania, Italy, Spain, Greece, and the UAE.
However the two nations that stand out are the UAE and the US. The UAE has tokenized 23 property price $129 million, whereas the US has tokenized 10 property price $145 million, indicating the UAE’s lead within the variety of actual property property tokenized.
UAE-regulated Mantra Chain Tokenizes Most Actual Property Property
In relation to blockchain networks, Mantra Chain, a regulated tokenization community within the UAE, holds the most important share by way of community. Mantra Chain has tokenized actual property property price $117.7 million, adopted by Base with $81.5 million price and Stellar with $71.7 million price.
In the meantime, the Ctrl Alt tokenization platform got here out on prime by way of essentially the most actual property tokenized property, with a complete of $124 million.
Supply: RWA.XYZ
By way of tokenized actual property, World Islands within the UAE has tokenized essentially the most actual property. DAMAC Metropolis Tower was tokenized, in addition to Dubai Marina Resort, which was tokenized on the XRP Ledger with Ctrl Alt. Different UAE properties included Kensington Waters and Sober Creeks.
The actual property tokenization market measurement continues to be small.
Though the actual property tokenization market measurement continues to be small in comparison with different tokenized property similar to stablecoins ($293 billion) and U.S. Treasuries ($10 billion), it’s catching up with shares, which presently have a market capitalization of $942 million.
As for the longer term outlook, trade evaluation, together with forecasts from Deloitte, means that the tokenized actual property market may develop from lower than $300 billion in 2024 to greater than $4 trillion by 2035, at a compound annual progress fee (CAGR) of roughly 27%.
Tokenized actual property bonds are predicted to have the best share of the market, probably reaching $2.39 trillion by 2035, adopted by personal actual property funds at $1 trillion.
In MENA, the UAE presently leads on this subject, however Saudi Arabia’s current foray into actual property tokenization may quickly lead it there as properly. The Actual Property Registry, a part of Saudi Arabia’s REGA, has developed a tokenized registry of Saudi actual property constructed by SettleMint, and 9 Proptechs are presently constructing purposes in its sandbox.
