Real estate assets worth over $4 trillion could be tokenized on blockchain networks by 2035, according to a new report by Deloitte, signaling a major shift in how property investment could be accessed and managed in the future.

The Deloitte Center for Financial Services projects that tokenized real estate could grow from less than $300 billion in 2024 to over $4 trillion by 2035, reflecting a compound annual growth rate of more than 27%. The report, released on April 24, highlights increasing demand for blockchain-based ownership models as traditional real estate markets face structural changes.

“Real estate itself is undergoing transformation,” said Chris Yin, co-founder of Plume Network, a blockchain focused on real-world assets. “Office buildings are being repurposed into AI data centers, logistics hubs, and energy-efficient housing. Tokenization allows investors to target these evolving asset types in a customizable and efficient way.”

Tokenization refers to the process of converting real-world assets, like property, into digital tokens on a blockchain. Advocates argue that it reduces barriers to entry, increases liquidity, and enables fractional ownership, making real estate investing more accessible to a broader range of investors.

Global economic uncertainty, including renewed trade tensions under President Donald Trump’s tariff policies, has also driven investor interest in blockchain-based assets. According to Juan Pellicer, senior analyst at IntoTheBlock, both stablecoins and real-world assets (RWAs) have emerged as safe havens amid global volatility. On April 10, tokenized gold trading volumes surged past $1 billion — the highest since the March 2023 U.S. banking crisis.

Deloitte’s findings suggest that regulatory clarity may follow broader adoption of blockchain in real estate. “Regulation often follows usage,” said Yin. “As demand for tokenized products rises, so will the regulatory frameworks needed to support them.”

Still, not everyone is convinced. At Paris Blockchain Week 2025, Michael Sonnenshein, COO of Securitize, questioned the focus on real estate. “There are definitely efficiencies to be unlocked using blockchain in real estate, but right now, the on-chain economy is demanding more liquid assets,” he said.

While debate continues, the projected rise in tokenized real estate points to growing confidence in blockchain’s role in reshaping traditional markets — especially if regulatory frameworks evolve in step with innovation.

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