The central bank supervises this directly
Virtual asset service providers must register with the National Bank of Georgia. The regime came into force on 1 January 2023, with the registration rule following on 1 July 2023.
Bring your Georgian property to investors under your brand
Georgia has a supervised registration regime run by the central bank, and it is streamlined and cheaper than most national regulators. What it does not hand you is the platform, and that’s where we come in.
Georgia has a dual regime in place
The virtual asset rules and the securities rules are different tracks here, and most property offerings land on the second one.
But your token is probably not a virtual asset
The definition excludes digital representations of securities and other financial instruments. A property token that pays investors is very likely a security, and securities law applies to it instead.
The regime is about money laundering
It sets registration, fit and proper criteria for administrators and significant owners, and anti-money-laundering supervision. It is not a prudential or investor protection regime.
Georgia is not in the EU
A Georgian registration is not passportizable. To reach European investors you need an EU authorisation as well, and that is a separate exercise your lawyer will size early.
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 Georgian lawyer joins
Our local partner in Tbilisi establishes whether your instrument is a security or a virtual asset, because the two follow different rules here, then builds the structure around the answer.
The legal work and the launch run in parallel. In Georgia the pace is set by the structure and, where registration with the central bank applies, by that process. Your lawyer starts on day one.
Before you tokenize real estate in Georgia
Is real estate tokenization legal in Georgia?
There is no law written specifically for it. What exists is a virtual asset service provider regime under the central bank, and separately the securities rules. Which one applies to you depends on what the token gives its holder.
What does the registration regime actually cover?
Registration, fit and proper criteria for administrators and significant owners, and anti-money-laundering supervision. It is not aimed at investor protection, and it should not be presented to investors as if it were.
Do I need to register with the central bank?
Only if you provide virtual asset services. The definition of a virtual asset excludes digital representations of securities and financial instruments, so a property-backed instrument that pays investors usually sits outside it.
Can I reach EU investors from Georgia?
Not on a Georgian registration alone. Georgia is outside the EU. Reaching European investors requires a separate EU authorisation as well, and that changes the timeline.
Last updated: 12-08-2026
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.
Sources & References
- National Bank of Georgia. Virtual asset service providers
- NBG. Rule on VASP registration, decree N94/04 of 13 June 2023, in force 1 July 2023
- Organic Law on the National Bank of Georgia