RealX Closes Rs 9.4 Cr Real Estate Deal in 45 Days Using Tokenized Technology
RealX, a leading fractional ownership platform, has announced the successful closure of its offering for a prime 9-acre development project in Dwarka, Gujarat. The deal, which attracted 93 investors and was fully subscribed within 45 days, highlights the significant demand for tokenized real estate technology and legal innovation, as stated in a company release.
The project, valued at Rs 9.4 crore, demonstrates the potential of tokenized real estate to streamline the investment process and provide transparency and security. RealX has embedded legal property rights directly into blockchain tokens, creating a proprietary model that operates within existing legal frameworks.
This innovation is the result of years of intellectual property development in both legal and technology domains. It combines cutting-edge blockchain technology with sophisticated legal structuring to deliver genuine Right to Registered Co-Ownership (RRO) through digital assets. Manish Kumar, CEO of RealX, emphasized the significance of this achievement: “What we have accomplished with the Dwarka project validates our revolutionary Secure Digital Rights (SDR) technology. Our investors are holding Property Tokens that provide direct rights on the property, with full legal enforceability in courts.”
The real estate sector has immense potential, with global cities like Dubai embracing tokenized real estate through the Dubai Land Department's active support. In other regions, platforms typically rely on Special Purpose Vehicle (SPV) structures that separate legal ownership from token ownership. For instance, the United States' RWA tokenization has reached over USD 8 billion in total value locked, but most solutions offer securities or derivative instruments rather than direct property rights.
Qatar and Singapore are also developing regulatory frameworks, but they lack the integrated legal-blockchain model that eliminates intermediary structures entirely. The successful closure of the Dwarka project comes amidst a global surge in Real World Asset (RWA) tokenization. However, RealX's approach fundamentally differentiates it from global competitors by solving the critical challenge of the gap between blockchain tokens and actual legal ownership.
RealX is the world's first platform to successfully embed direct legal property rights within blockchain tokens through its pioneering SDR technology. Unlike other players globally, RealX does not create SPVs or offer securities. Instead, it provides direct co-ownership through its proprietary legal framework built on existing property laws.
