If it passes the test, it is a security
Investors putting money into a common enterprise expecting profits from someone else efforts is an investment contract, whatever chain it runs on. There is no separate category for tokens.
Issue tokenized real estate in the US under your own brand
The United States has no bespoke tokenization law and does not need one. Property tokens are securities, and the exemptions that carry every other private raise carry these too. What none of that provides you is the technical platform, and that’s where we come in.
The US treats this as a securities question
Which exemption you use decides who can buy, how you can market, and what investors can do afterwards.
Private placement is the working route
Regulation D, and specifically rules 506(b) and 506(c), carries the large majority of compliant token offerings in the United States. Most projects utilize this placement offering.
The other routes trade reach for cost
Regulation A permits raising up to 75 million dollars from any investor with heavier disclosure. Regulation Crowdfunding allows up to 5 million through a registered intermediary. Regulation S covers investors outside the country.
Transfer has two meanings, and only one counts
A wallet-to-wallet transfer can execute perfectly and still be invalid if resale restrictions, buyer eligibility or venue requirements are not met. Liquidity rules need to follow the contract terms of the offering.
Resale restrictions come with the exemption
Under Regulation Crowdfunding, securities generally cannot be resold for a year, with narrow exceptions. Whichever route you take, what you can honestly promise investors is set by that route, not by the software.
How to start
1. Tell us about the property
What you own and what you want to raise. We say plainly whether this fits, including when it does not.
2. A US lawyer joins
Our local partner picks the exemption and the vehicle, usually an SPV holding the property with tokens representing an equity or debt interest in it. That choice sets your investor pool.
The legal work and the launch run in parallel. In the United States the pace is set by the exemption, the filings that go with it and any state-level requirements. Your lawyer starts on day one.
Before you tokenize real estate in the US
Is real estate tokenization legal in the US?
Yes, as a securities offering. If investors put money into a common enterprise expecting profits from the efforts of others, the instrument is a security and needs either registration or an exemption.
Can investors trade the tokens freely?
Rarely, and this is where projects overpromise. Resale restrictions attach to the exemption. Under Regulation Crowdfunding securities generally cannot be resold for a year. A transfer that executes on chain can still be legally invalid.
Which exemption should I use?
Most compliant offerings use Regulation D, rules 506(b) or 506(c). Regulation A reaches any investor up to 75 million dollars with heavier disclosure. Regulation Crowdfunding allows up to 5 million through a registered intermediary.
Do investors own the building?
No. The token represents an equity or debt interest in an entity that owns the property. County records remain the source of legal title, and nothing about tokenization changes that.
Zuletzt aktualisiert: 12-08-2026
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Tokenizer.Estate bietet eine Plattform für Immobilien-Tokenisierung und verbindet Sie mit lizenzierten lokalen Partnern, bietet jedoch keine rechtliche oder regulatorische Beratung.
Bitte konsultieren Sie qualifizierte Fachleute in Ihrer Jurisdiktion, bevor Sie Investitions- oder Tokenisierungsentscheidungen treffen.
Quellen & Referenzen
- SEC. Regulation D, rules 506(b) and 506(c)
- SEC. Regulation A
- SEC. Regulation Crowdfunding
- SEC. Regulation S and Rule 144 on resale of restricted securities