Blockchain, real estate tokenization and its protection by the land registry

Abstract

The tokenization of real estate assets implies the simultaneous existence of both the physical asset and its digital representation, token. It is necessary to ensure that the token is inextricably fused with the real estate asset and therefore to the real right which lies on it. Without this permanent link, tokenization of real estate assets will be doomed to become legally irrelevant and will not provide any added value. This permanent and uncontested linkage with legality and legal certainty must be carried out by means of the institution in charge, by its legality control, of allocating, protecting, defending and publishing, erga omnes, real rights on immovables, the Land Registry.