Adoption of tokenization of assets by real estate firms globally 2023
About 12 percent of real estate firms used tokenization, according to a 2023 survey among 750 CFOs at major companies worldwide. Tokenization is the use of blockchain and smart contracts to divide a real estate asset into digital tokens, or cryptoassets. Approximately 20 percent of respondents shared that their firm was in early-stage adoption, while 26 percent were piloting the technology. Meanwhile, about 13 percent of industry experts were not interested.