...compliant issuance and regulated ATS venues can connect tokenised real-estate interests to secondary markets.
categorisation, securities law and tax treatment determine what’s possible in each jurisdiction. Mainstream forecasts now stress measured growth rather than hype. ● Market education and plumbing: Custody, transfer agents, compliant wallets and recognised valuation/reporting standards are prerequisites for scale. (See also Deloitte’s outlook for tokenised real estate to ~US$4T by 2035.) Deloitte
Practical insights: opportunities and risks Opportunities ● Fractional access & diversification: Lower minimums broaden participation and enable bite-sized portfolio construction. ● Programmable workflows: Automated distributions, cap-table updates and transfer restrictions via smart contracts. ● Potential liquidity: Listing on regulated ATSs (e.g., tZERO) can create exit optionality vs. traditional private property stakes. Risks and realities ● Regulation first: KYC/AML, investor
What this means for South Africa Expect hybrid models that combine traditional real-estate expertise with
Progress like PK2 (financial-market tokenisation) and civic pilots (e.g., Khayelitsha property register) are encouraging milestones that can attract capital over time if coupled with clear rules and robust market infrastructure.
October 2025 | Issue 141 | Asset Magazine 307
306 Asset Magazine | Issue 141 | October 2025
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