A Decentralized Marketplace for Tokenized Real Estate

Abstract

The real estate market, valued at trillions of euros, faces challenges such as illiquidity, inefficiencies, and the reliance on slow and costly processes with unnecessary intermediaries. This paper proposes a real estate marketplace built on Distributed Ledger Technology (DLT) to leverage its inherent decentralized properties. The system aims to accelerate processes with reduced costs, improved transparency, and a reduced level of fraud. The outcome is a secure decentralized finance (DeFi) platform involving transactions of Real-World Asset (RWA) tokens, providing a digital representation of the ownership rights of a real estate property.