Which countries are becoming leaders in real estate tokenization?

Several regions move fast in tokenized real estate:

• Dubai / UAE, with clear VARA rules and live government pilots
• European Union states like Portugal, Spain, Cyprus, and Croatia, which use MiCA and securities law to support regulated projects
• Asia hubs such as Singapore, Hong Kong, Japan, and Indonesia, where licensed platforms run pilots or full offerings
• Nordic countries like Sweden, which test tokenization carefully inside strong regulatory systems

Highlights reports show new deals each month across these markets.