Is tokenization legal in Georgia?

Yes—security-like tokens fall under the Securities Market Law; cash-flow instruments can use the Securitization Law.

Do tokens replace the land registry?

No. Title remains in the cadastre; tokens represent receivables, fund units, equity, or notes.

Which route is best for rentals?

The Securitization SPV is the cleanest path for tokenizing rental receivables.

Can we raise money only abroad?

Yes — if via offshore issuer + Georgian SPV. But avoid any in-country marketing unless fully compliant.

Do you provide legal services?

No. We provide the platform and connect you with licensed Georgian counsel and regulated intermediaries.

Real Estate Tokenization
in Georgia

Georgia combines a modern securitization framework, an active securities regime, and a regulator testing native tokens in a public sandbox. Together with a blockchain-anchored land registry, this creates credible foundations for tokenized real-estate cash flows and compliant distribution

New Securitization Law enables SPV-based cash-flow instruments
NBG sandbox track for tokenized deposits → regulator comfort with DLT
VASP regime live; clear split between virtual assets and securities
Blockchain-anchored land records as an early public-sector DLT success

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New Securitization Law enables SPV-based cash-flow instruments
NBG sandbox track for tokenized deposits → regulator comfort with DLT
VASP regime live; clear split between virtual assets and securities
Blockchain-anchored land records as an early public-sector DLT success

About

Why Georgia is Attractive for Tokenization

Institutional openness to DLT

The National Bank of Georgia (NBG) runs a tokenized-deposits sandbox. Even though focused on banking, it shows regulatory comfort with custody, settlement, and permissioned rails that RWA projects rely on

Securitization as a native tool

The 2024 Securitization Law introduces SPVs and instruments under NBG oversight — perfect for tokenizing rental receivables and other property cash flows under clear public vs. private-offer rules

Clear perimeter split

Virtual-asset activities require VASP registration, but digital representations of securities sit in the capital-markets perimeter — reducing ambiguity for security-token structures

Registry credibility

Georgia’s land registry has been anchored to blockchain since 2016, providing provenance and auditability for future registry-integrated pilots.

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Tokenization Routes

Possible Routes for Tokenizing Property
in Georgia

Corporate SPV (equity/debt token)

Securitization SPV (cash-flows route)

Hybrid / Offshore + Local SPV

Corporate SPV (equity/debt token)
Best for: Single-project deals with equity or debt claims.
How: Incorporate a Georgian SPV; issue shares/notes under the Securities Market Law (prospectus or exemption); tokens mirror securities with transfer restrictions and KYC/AML in smart contracts.
Why: Familiar corporate finance structure, tokenized for efficiency.
Securitization SPV (cash-flows route)
Best for: Rental income or receivables from stabilized assets.
Hybrid / Offshore + Local SPV
Best for: Raising capital abroad with Georgian assets.
How: Use an offshore issuer (BVI, Cayman, EU). Exclude Georgia from marketing unless you comply with domestic offer rules. Use geofencing and offering restrictions; expect NBG scrutiny for any in-country activity.
Why: Access global investor pools now; add local channels later.

Real cases

Implemented Market Examples

Crypto-settled property sales (Tbilisi, Batumi)
Real estate developers in Tbilisi and Batumi actively accept payments in BTC, USDT, and ETH for apartments and commercial properties. While this is payment rather than full tokenization, it shows a progressive stance toward digital assets in the real estate market.
Property tokenization pilots via international platforms
Local SPVs have partnered with global tokenization providers (e.g., Blocksquare, Smartlands-style models) to tokenize shares in rental properties and small commercial assets. Tokens represent economic rights in SPVs and are marketed to international investors.
Government openness to blockchain registries
The National Agency of Public Registry has publicly engaged in blockchain-based land registry pilots, positioning Georgia as one of the earliest adopters in Europe. While not yet full-scale tokenization, this creates legal-tech infrastructure for future property-backed tokens.

Solution

The Solution with Tokenizer.Estate

Funding in Weeks, Not Months

Launch token offerings in 1–2 weeks instead of waiting 6–12 months with banks

Global Investor Pool

Reach thousands of international investors with fractional entry points starting at $100

Dynamic Pricing & Incentives

Stage token prices across development phases to maximize returns and reward early backers

Compliance Built-In

Legal frameworks aligned with EU (MiFID II), UAE (VARA), and other jurisdictions

Full Control

Manage token supply, smart contracts, and investor data from a single dashboard

Use cases

Solutions Designed for Your Success

We support everyone from Real estate owner to Sovereign Funds

FAQ

Frequently asked questions

Is tokenization legal in Georgia?
Is tokenization legal in Georgia?
Yes—security-like tokens fall under the Securities Market Law; cash-flow instruments can use the Securitization Law.
Which route is best for rentals?
Which route is best for rentals?
The Securitization SPV is the cleanest path for tokenizing rental receivables.
Do you provide legal services?
Do you provide legal services?
No. We provide the platform and connect you with licensed Georgian counsel and regulated intermediaries.

Do tokens replace the land registry?
Do tokens replace the land registry?
No. Title remains in the cadastre; tokens represent receivables, fund units, equity, or notes.
Can we raise money only abroad?
Can we raise money only abroad?
Yes — if via offshore issuer + Georgian SPV. But avoid any in-country marketing unless fully compliant.

See our full FAQ page for more details

Adopted for

Global Jurisdictional Coverage

Every market has its own rules. We’ve already built the structures to make tokenization work — from Europe to Asia to the Middle East. Launch with confidence, wherever your investors are

Last updated: 2025-10-01

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 (NBG): https://nbg.gov.ge/
NAPR / blockchain registry anchoring: https://www.bitfury.com/ | https://exonum.com/ | https://mitpress.mit.edu/
DelNorte × Novotel Living Batumi (press): https://www.hospitalitynet.org/

Real Estate Tokenization
in Georgia

Fill out the questionnaire and unlock a Free Demo Call