Licensing went live in 2025
The Hellenic Capital Market Commission set out the authorisation procedure for crypto-asset service providers by decision 8/1059 of 30 July 2025, under article 101(a) of Law 5193/2025.
Run your own tokenized property offering in Greece
Greece licensed its first crypto-asset service providers in 2026, and the regulator is also making way for smaller property companies that are not listed real estate vehicles. What the rules do not hand you is the platform, and that’s where we come in.
Greece has just opened this door
The authorisation procedure was established in 2025 and the first licences followed in 2026.
The first providers are already licensed
The first Greek authorisation was granted in mid-2026, followed by two more. A licensed provider can passport approved services across the European Union, which is the advantage of doing it here.
The REIC route has a size floor
A Greek real estate investment company is the established way to bring property to investors, and it suits large portfolios. Tokenization can be applied at the REIC level or directly in the case of smaller real estate companies.
Which regime applies is still the first question
A licensed provider operates under the crypto-asset rules. An instrument that carries rights of a financial instrument sits under securities law. Establish the classification before anything else.
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 Greek lawyer joins
Our local partner establishes whether your instrument is a crypto-asset or a financial instrument, then builds the structure and identifies whether a licensed provider needs to sit in it.
The legal work and the launch run in parallel. In Greece the pace is set by the structure and, where a licensed provider is involved, by the authorisation process. Your lawyer starts on day one.
Before you tokenize real estate in Greece
Is real estate tokenization legal in Greece?
Yes, within the EU framework. Greece has implemented the crypto-asset rules and the Hellenic Capital Market Commission has been licensing providers since 2026. Instruments that are financial instruments follow securities law instead.
Why not just set up a listed property vehicle?
That is the established Greek route and it works well at scale. Market participants describe tokenization as the option for property companies that do not have the size for it but can still offer investors a return.
Who supervises this?
The Hellenic Capital Market Commission, which set the authorisation procedure for crypto-asset service providers by decision 8/1059 of 30 July 2025 under article 101(a) of Law 5193/2025.
Does a Greek licence work elsewhere in the EU?
A licensed provider can passport its approved services across the European Union. That is one of the practical reasons to authorise in Greece rather than treat it as a purely local market.
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
- Hellenic Capital Market Commission
- HCMC decision 8/1059 of 30 July 2025 on the authorisation of crypto-asset service providers
- Law 5193/2025, article 101(a)
- MiCA. Regulation 2023/1114