GM. It’s TRB Issue 18. Learn how real estate is going digital and what that means for you.

• The Big Read: Georgia taps Hedera for onchain land registry

• Figure leads RWA consortium on Solana

• Integra Layer lines up $12B real estate backing

• Archax tests after hours trades in tokenised ETF

This week’s moves point to core infrastructure rapidly catching up with tokenization rhetoric. You are getting more options to plug existing assets, into programmable rails without having to rebuild your admin stacks.

_{TOGETHER WITH STAKE REAL ESTATE}

^{The Premier Event for Real Estate Tokenization}

The Brief: Stake Real Estate Summit brings together the world’s leading real estate players and top blockchain companies to accelerate the adoption of onchain capital assets. As the flagship global gathering for tokenized real estate, it’s built for decision-makers driving innovation, forging partnerships, and executing real-world strategies that connect the built environment with the blockchain economy.

When: 28 April 2026, Dubai

Who is attending?

• Real Estate Developers & Institutional Owners

• Asset Managers, Funds & Institutional Investors

• Tokenization Platforms & Infrastructure Providers

• Blockchain, RWA & DeFi Ecosystem Leaders

The Stake Real Estate Summit is designed to spark meaningful connections and drive forward-looking partnerships whether you're exploring tokenization, bridging traditional and digital markets, or expanding your global footprint.

Register for an Early Bird ticket today

THE BIG READ

How Georgia is attempting to harmonize centuries-old concepts of land ownership with cutting-edge blockchain tech

This week, Georgia’s Ministry of Justice (MoJ) signed a Memorandum of Understanding (MoU) with Hedera, a public distributed ledger network, marking a new phase in the country’s blockchain journey.

This development follows on Saudi Arabia executing its first registry-backed tokenized title transfer in November through a hybrid private chain.

Georgia arrives weeks later, testing a public-chain route. Two national-level issuance models are now emerging almost back to back.

Let’s dig into it

The MoU, signed on December 1, 2025, lays out a cooperation framework to migrate Georgia’s national land registry on-chain and explore the tokenization of real estate assets at a national scale.

According to the Ministry’s official announcement, the partnership with Hedera aims to “introduce cutting-edge digital technologies in the public sector”, specifically by leveraging Hedera’s blockchain to strengthen property rights protection, boost transparency, and improve the reliability of registry processes.

Technology and Implementation: How Will Georgia’s Land Registry “Go Blockchain”?

The partnership centers on Hedera Hashgraph’s distributed ledger technology as the backbone for Georgia’s new registry system. Hedera is a public blockchain-like network.

Georgia’s Ministry specifically highlighted Hedera as “one of the leading platforms in the global blockchain ecosystem” in its announcement, indicating confidence in Hedera’s stability and track record for government use cases.

What technical architecture is envisaged?

Georgia’s ambition is to move toward an on-chain title registry on Hedera, with each property represented as a token and every transfer tied to a government check before it settles.

Three actors define this deal.

NAPR, the registry, is the legal source of truth. Any token representing title would be minted through an NAPR-approved contract. Hedera supplies the ledger.

StegX, the tokenization arm is positioned to run the commercial layer: investor onboarding, issuance workflows, and, eventually, permitted transfers. CEO Daniel Radwansky labelled the programme “a lighthouse project for national-scale tokenization.”

Real Estate Tokenization: Implications for Developers and Asset Owners

A central promise of the Georgia - Hedera collaboration is the tokenization of real estate, turning property into tradeable digital assets. If implemented at scale, this could lower friction and widen opportunities for developers and asset owners.

Tokenized titles can compress weeks of paperwork into smart-contract transfers, while owners gain new refinancing options by selling fractional tokens or using them as collateral.

Foreign investors can buy small stakes in Georgian assets, expanding the capital pool for local projects. An immutable on-chain record reduces title searches and fraud risk, and owners can sell portions of an asset while investors trade without triggering a full property sale. Compliance also shifts on-chain, with KYC and tax rules enforced automatically.

To wrap up, Georgia’s Hedera land registry MoU is a bold step that, if executed well, could make the country a trailblazer in real estate innovation.

It aligns with global movements to digitize high-value assets and could significantly benefit developers, investors, and government transparency.

However, turning an MoU into a fully functional system will require navigating uncharted waters in law, technology, and market behavior. The next 12-24 months will be critical.

Success will be measured by whether Georgia can launch a pilot that securely tokenizes real properties and sees real users embrace it, and whether it can do so while maintaining the trust and stability that property markets require.

TM

THE WEEK IN BRIEF

Figure leads RWA consortium on Solana

^{Image Source: The Manila Times}

The Brief: Figure and partners including the Solana Foundation launched the RWA Consortium to pool tokenized loans and route yields into the PRIME token on Solana. The initiative connects originated credit directly to onchain investors.

The Details:

• The consortium brings together Figure, Solana Foundation and DeFi infrastructure players such as Kamino, Chainlink and Gauntlet to standardize issuance, pricing and liquidity for PRIME, which is backed by Figure’s tokenized loan flows.

• Yield for PRIME is designed to come from live performance of loans such as home equity lines and other consumer credit that Figure already originates at over $1 billion per month. That distinguishes it from purely speculative tokens.

• Access is limited to qualified investors and depends on Solana’s settlement performance and the consortium’s ability to sustain liquidity around PRIME.

What This Means: For sponsors who originate loans or structure credit against property, this is a template for routing seasoned loan pools into an onchain investor base without building a marketplace from scratch.

_{GO ONCHAIN WITH LIBELIT}

Finance real estate projects with Libelit

The Brief: Libelit is an innovative lending platform, providing real estate developers with fast loans.

The Details:

• The traditional financing model for real estate development is fragmented, slow, and inefficient. Leaving both developers and investors frustrated.

  Fragmented: Sourced from multiple banks and private investors.

  Slow: Developers often wait six months or more to secure funding.

  Illiquid: Investors’ capital remains locked for years until the project is completed.

• Libelit provides a platform where construction developers can easily connect with investors, showcase their projects, and manage construction funds efficiently.

• By leveraging loan tokenisation, AI-assisted risk evaluation, and real-time investment progress reports, Libelit seeks to enhance efficiency, transparency, and connectivity between developers and investors.

Learn more about project financing with Libelit

Integra Layer lines up $12B real estate backing

^{Image Source: Integra}

The Brief: Integra Layer highlighted technology and business anchors for its dedicated real estate Layer 1, backed by asset managers controlling over $12 billion in AuM. The chain is designed for compliant property tokenization and transfer.

The Details:

• Integra positions itself as a real estate specific blockchain. That allows it to embed KYC, identity and compliance primitives at base layer level.

• The foundation reports backing from real estate asset managers with more than $12 billion in AuM and over $100 million in annual rental income prepared for migration, plus partnerships with established tokenization platforms. This gives a pipeline of real assets rather than just test tokens.

• Integra’s roadmap includes native dApps for issuance, income distribution and secondary routing.

What This Means: If you want to test tokenization without committing to a generic L1 or closed platform, Integra is pitching a chain where KYC, eligibility and income flows are standardized across deals.

Archax tests after hours trades in tokenized ETF

^{Image Source: Genfinity}

The Brief: On 4 December 2025, UK regulated platform Archax executed an after hours transaction in the tokenized Canary HBR ETF on Hedera. The fund’s units now trade onchain even when traditional markets are closed.

The Details:

• Archax tokenized units of the Canary HBR ETF, which holds HBAR exposure, and listed them on its regulated venue while settling the instruments on the Hedera network. This created a bridge between a traditional ETF wrapper and onchain settlement.

• The first out of hours trade occurred on Thanksgiving while US markets were shut, demonstrating that regulated ETF units can transact and settle in a 24/7 cycle independent of exchange opening times. That reframes “market hours” as a policy choice, not a technical constraint.

• Compliance and investor eligibility are enforced via Archax’s regulatory permissions plus onchain transfer rules, so trading remains restricted to whitelisted accounts.

What This Means: For managers running real estate linked funds or REIT style vehicles, this shows that tokenized fund units can, in principle, trade around the clock on a regulated venue without changing the underlying wrapper.

BRIEF X SIGNALS

🔗 @algerstmehn Lofty reaches $100M TVL in fractional real estate on Algorand

🔗 @Steph_iscrypto Georgia adopts Hedera for onchain land registry and real estate tokenization

🔗 @ADIChain_ ADI Chain launches mainnet with real estate tokenization infrastructure

🔗 @Securitize SEC Investor Advisory Committee discusses tokenization under securities laws

🔗 @DIAdata_org RedSwan launches tokenized commercial real estate on Stellar

EXPERT TAKEAWAY

Raising Capital in 2025: Tokenization Takes The Lead

Edward Nwokedi, Founder & CEO of RedSwan, explains why tight credit and higher interest rates are pushing real estate developers toward blockchain tokenization to raise funds and unlock liquidity.

^{Filmed at the 2025 Stake Real Estate Summit}

See you in the next brief,

Tatenda