Real Estate Tokenization
in Portugal
Portugal offers EU-level legal certainty for tokenized securities, but faces a temporary gap in MiCA implementation until a national supervisor is appointed. Projects like Lympid and OWR Invest are pioneering tokenized resorts and developments, with frameworks ranging from securities tokens to crowdfunding and REIT-style SIGIs
EU MiFID II and MiCA frameworks live (national supervisor pending)
DLT Pilot Regime enabled (Decreto-Lei 66/2023)
Real-estate REIT-style vehicle SIGI (since 2019)
Pipeline of live tokenization pilots (Lympid, OWR Invest)
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EU MiFID II and MiCA frameworks live (national supervisor pending)
DLT Pilot Regime enabled (Decreto-Lei 66/2023)
Real-estate REIT-style vehicle SIGI (since 2019)
Pipeline of live tokenization pilots (Lympid, OWR Invest)
Why Portugal is Attractive for Tokenization
Possible Routes for Tokenizing Property
in Portugal
Security-token route (shares/units/notes under MiFID II)
Best for: Most real-estate investment models.
How: Wrap asset in an SPV (S.A./Lda.), real-estate fund (OII), or SIGI (Portuguese REIT).
Issue tokenized shares/units/debt as financial instruments. Comply with Prospectus Regulation (public offers) or exemptions. Distribute via MiFID investment firms; optional use of DLT Pilot MTF/SS.
Note: Tokens represent rights in the vehicle; land title remains in the Registo Predial.MiCA route (non-security crypto-assets)
Best for: Niche cases (e.g., utility tokens or ARTs not qualifying as securities).
How: Publish MiCA white paper, meet disclosure/marketing rules.
Distribution/custody via authorised CASPs. Portugal has not yet appointed its MiCA supervisor; interim = transitional BdP regime + potential EU CASP passporting.
Note: Most real-estate tokens will be securities, not MiCA tokens.Offshore issuance + Portuguese asset SPV
Best for: Global fundraising with offshore tokens.
1. Hold asset in Portuguese SPV or SIGI.
2.Issue tokens offshore; marketing into Portugal/EU requires compliance with MiFID/MiCA/Prospectus.
3. Geo-block Portuguese retail investors unless fully compliant.
Implemented Market Examples
Lympid × Comporta
Announced tokenization of a luxury resort development (planned H2 2025). Builds on Lympid’s earlier tokenized RWA deals, including a Greenland property transaction. Likely positioned under CMVM’s securities-token perimeter.
OWR Invest × Sankofa (Melides/Alentejo)
Launched in July 2025 as “Portugal’s first tokenized resort”. Early-stage pilot built on Web3 tokenization stacks (e.g., Blocksquare). Currently in pilot/early rollout phase with investor onboarding tests.
Lympid × Greenland
A cross-border case where Lympid successfully tokenized property outside Portugal, proving its operational infrastructure, custody, and investor management. Lessons from this pilot are now applied to Portuguese projects.
Notarial crypto-for-property sales
Portuguese notaries formally accept property deeds settled in crypto (treated legally as barter/permutas). While not tokenization, it highlights regulatory openness to digital-asset integration in real estate transactions.
The Solution with Tokenizer.Estate
Solutions Designed for Your Success
We support everyone from Real estate owner to Sovereign Funds
Property Developers
Scale your investor reach with fractional ownership and dynamic pricing tools
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Real Estate Firms
Offer innovative investment products with fractional ownership, automated payouts, and global KYC/AML onboarding
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High-Net-Worth Individuals
Gain liquidity and diversification with partial tokenization, while maintaining full control of your assets
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Real Estate Investment Funds
Broaden your investor base with retail access, automated dividends, and transparent blockchain reporting
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Financial Institutions
Enable compliant digital products with automated operations and full control over capital flows
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Frequently asked questions
Is tokenization legal in Portugal?
What’s the simplest compliant route today?
Can tokens replace land registry entries?
See our full FAQ page for more details
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
- Banco de Portugal (MiCA transitional note): https://www.bportugal.pt/
- CMVM (Securities Commission): https://www.cmvm.pt/
- Diário da República (laws & decrees): https://diariodarepublica.pt/
- Justiça – Registo Predial: https://justica.gov.pt/
- EU DLT Pilot Regulation 2022/858: https://eur-lex.europa.eu/
- EU MiCA Regulation 2023/1114: https://eur-lex.europa.eu/
- ECO (Lympid coverage): https://eco.sapo.pt/
- Jornal Económico (market coverage): https://jornaleconomico.pt/