A month ago, the Israel Land Authority (RAMI) published a local tender for blockchain consultants. The small print in the tender reveals RAMI is interested in far more than a digital land registry. It plans to build an exchange for trading tokenized real estate.
The plans include:
As context, last year the Boston Consulting Group forecast that asset tokenization could reach more than $16 trillion by 2030, with almost 20% of that in real estate. Arguably, Japan is the most advanced jurisdiction when it comes to tokenization. Real estate backed digital securities dominate the market.
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