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Fractional ownership platform RealX has closed its offering for a 9-acre development project in Dwarka, Gujarat, raising INR 9.4 crore from 93 investors. The deal, which was fully subscribed within 45 days, demonstrated growing demand for tokenised real estate solutions. By embedding legal property rights directly into blockchain tokens, RealX introduced its Secure Digital Rights (SDR) technology, creating a model that ensures registered co-ownership rights under existing property laws.
RealX announced earlier this week that it had successfully concluded its fractional ownership offering for a prime 9-acre project in Dwarka, Gujarat, attracting 93 investors and raising INR 9.4 crore. The subscription closed within 45 days, signalling strong demand for tokenised real estate solutions and legal innovations in the sector. Advertisement
The company explained that its model embeds legal property rights directly into blockchain tokens, ensuring compliance within existing legal frameworks. This proprietary approach was described as the result of years of development in both legal and technological structures, integrating blockchain capabilities with legal safeguards to provide investors with registered co-ownership rights.
Manish Kumar, Chief Executive Officer of RealX, stated that the Dwarka project validated the firm?s Secure Digital Rights (SDR) technology. He noted that investors were holding property tokens granting them direct rights to the property with full enforceability in courts.
The announcement highlighted how the global real estate sector is embracing tokenisation. In Dubai, the Land Department has actively supported such initiatives, while in the United States, real-world asset tokenisation has already surpassed USD 8 billion in total value locked. However, unlike most platforms relying on special purpose vehicles (SPVs) or securities, RealX claims its technology eliminates intermediary structures, offering direct co-ownership under existing property laws.
Qatar and Singapore were noted as still working on regulatory frameworks, while RealX's integrated legal-blockchain model was positioned as a differentiator, addressing the longstanding gap between blockchain tokens and actual legal ownership.
With regulatory interest building worldwide, the platform's SDR technology may influence the future course of property investment, bridging technology with enforceable property law.
Source - PTI
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