The blockchain is the register itself
French law recognises a distributed ledger (DLT) as a valid register for financial securities. No parallel record, no separate registrar sitting alongside the chain.
Run your own tokenized property offering in France
France recognised blockchain as a legal register for securities back in 2017, earlier than almost anyone. What it does not hand you is a branded platform. That’s where we come in.
France recognised the blockchain register early
The legal groundwork has been in place for years. What decides your raise is the threshold you stay under and the vehicle you choose.
With one carve-out worth knowing
Securities admitted to trading on a trading venue cannot be held in a DLT register. For OPCI the position is different: the AMF-approved manager can organise a secondary market.
Under 8 million euros, no prospectus
Offers below 8 million euros across France and the EU over twelve months are exempt. You instead file a synthetic information document, the DIS, with the AMF.
The vehicle holds the property, the token holds the vehicle
An SCI, SCPI or OPCI owns the building and the tokens represent interests in that entity. SCPI units are financial instruments, so the securities rules apply to them.
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 French lawyer joins
Our local partner picks the vehicle, usually an SCI, an SCPI or an OPCI, and sets the route: a private placement, an offering under the 8 million threshold with a DIS, or a full public offering.
The legal work and the launch run in parallel. In France the pace is set by setting up the vehicle and preparing the AMF filing. Your lawyer starts that on day one.
Before you tokenize real estate in France
Is real estate tokenization legal in France?
Yes. French law has recognized the distributed ledger as a valid register for financial securities since 2017. If the token carries rights of a financial instrument, the securities rules apply to it.
Can investors trade the tokens afterwards?
Not freely, and this is the part to get right early. Securities admitted to a trading venue cannot sit in a DLT register. For an OPCI, the AMF-approved manager can organise a secondary market, which is the usual answer.
Do I need a prospectus?
Not below 8 million euros across France and the EU over twelve months. You do file a synthetic information document with the AMF instead. Above that, a full prospectus, which then passports across the EU.
Which vehicle should hold the property?
Usually an SCI, an SCPI or an OPCI, with the tokens representing interests in it. SCPI units are financial instruments, so they carry the securities rules with them. Your lawyer picks based on your investors and your goals.
Last updated: 10-08-2026
The information on this page is for general informational purposes only and does not constitute legal, financial, investment, or tax advice.
Tokenizer.Estate provides a platform for real estate tokenization and connects you with licensed local partners, but we do not provide legal or regulatory guidance.
Please consult qualified professionals in your jurisdiction before making any investment or tokenization decisions.