|
By Lena Le GAL, Partner, FAAS and Non-financial Assurance, Romain SWERTVAEGER, Partner, Fintech Leader Mayank NAGAYACH, Manager, Global Compliance Reporting (GCR), EY Luxembourg
The real estate industry is on the brink of a major transformation, driven by technological advancements. One of the most promising innovations is real estate tokenization, which leverages blockchain technology to create digital tokens representing ownership in real estate assets. The introduction of the Markets in Crypto-Assets Regulation (“MiCA”) and Luxembourg’s adoption of Blockchain Law IV are expected to significantly impact the landscape for real estate tokenization. This article examines the concept of real estate tokenization, its benefits and challenges, and the...
|