RealX Closes Rs 9.4 Cr Real Estate Deal in 45 Days with Tokenized Technology
RealX, a fractional ownership platform, has announced the successful closure of its offering for a prime 9-acre development project in Dwarka, Gujarat, to 93 investors for Rs 9.4 crore. This deal was fully subscribed within a record 45 days, showcasing a huge demand for tokenized real estate technology and legal innovation, as stated in a company press release.
The transaction, which attracted 93 investors and was completed within 45 days, highlights the growing interest in tokenized real estate technology. RealX has embedded legal property rights directly into blockchain tokens, creating a proprietary model that operates entirely within existing legal frameworks. This innovation represents years of intellectual property development in both legal and technology frameworks, combining 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, said, “What we have accomplished with the Dwarka project validates our revolutionary Secure Digital Rights (SDR) technology. RealX is the world's first platform to embed direct legal property rights within blockchain tokens. 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, and regions like Dubai have embraced tokenized real estate through the active support of the Dubai Land Department. Elsewhere, platforms typically rely on Special Purpose Vehicle (SPV) structures that separate legal ownership from token ownership. In the United States, Real World Asset (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 RWA tokenization. However, RealX's approach fundamentally differentiates it from global competitors by solving the critical challenge that has plagued the industry: 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.
