Real estate tokenization is the process of fractionalizing the property into tokens that are stored on a decentralised database. This database stores information like a digital ledger. That’s where real estate tokens are captured, and these are validated by the blockchain network. These are shared amongst other participants instantly.
Basically, real estate tokens work in a similar manner to NFTs, or non-fungible tokens. These are non-interchangeable units on a blockchain network that can be sold as well as traded. But it comes with an exception that real estate tokens can relate to the value of a physical asset.
Furthermore, a real estate token can represent other things, such as:
Coin Developer India offers a customized real estate tokenization platform that is equipped with all necessary features and functionalities. Their experts have designed this platform in such a manner that issuers can tokenize their real estate seamlessly.