Interested in training for your team? Click here to learn more

Tokenization of Commercial Real Estate: Offering and Trading Property Investments on the Blockchain

Recording of a 90-minute premium CLE video webinar with Q&A

This program is included with the Strafford CLE Pass. Click for more information.
This program is included with the Strafford All-Access Pass. Click for more information.

Conducted on Tuesday, November 29, 2022

Recorded event now available

or call 1-800-926-7926

This CLE webinar will discuss creating a tokenized real estate offering and the risks and benefits for issuers and investors to consider in connection with a real estate token offering, its administration, and subsequent transfers.


The adoption of cryptocurrencies and the emergence of blockchain platforms have made real estate tokenization a potential capital-raising option. With tokenization, ownership interests in real estate assets can be more immediately bought and sold. Tokenization requires a thorough understanding of the technology, the offering process, and the regulatory issues involved.

Investors typically invest in real estate through an LLC or limited partnership that owns an underlying property. With tokenization, LLC or LP interests are tokens that can be traded or used as collateral in smart contracts. The issuer must determine the number and type of tokens and select an exchange platform for trading.

Offering documents may include operating agreements, subscription agreements, and a private placement memorandum. Offerings must also comply with KYC requirements and appropriately protect user data.

Tokens should have built-in compliance features such as transfer restrictions and secondary trading. Issuers must also determine how distributable cash will be paid (perhaps using stablecoins or other digital currency).

Listen as our authoritative panel discusses these and other matters associated with commercial real estate tokenization.



  1. Emergence of blockchain technology and digital assets
  2. Real estate tokens contrasted with traditional LLC and partnership interests
  3. Issues in tokenization
    1. Compliance with securities laws and creation of a smart contract
    2. Determining the number and type of tokens and the exchange platform
    3. Offering process: confirmation of investor accreditation and listing of tokens
    4. Administration: distribution of profits or other payments to investors


The panel will review these and other critical issues:

  • What advantages do digital tokens have over traditional real estate investment vehicles?
  • What are the securities law implications of tokenization? Is registration required?
  • How should a token offering be documented?
  • What are the transfer restrictions to build into a real estate token? What are the AML concerns?


Cianci, Mark
Mark Cianci

Ropes & Gray

Mr. Cianci represents hedge funds, private equity firms and their portfolio companies, manufacturers, health care and...  |  Read More

Harttraft, Tyler
Tyler Harttraft

Bull Blockchain Law

Mr. Harttraft focuses his practice on corporate law, capital markets law, and financial regulations. He provides...  |  Read More

Wachtler, Jared
Jared Wachtler

Sheppard Mullin

Mr. Wachtler advises clients regarding all aspects of real estate finance, development, acquisitions, sales and...  |  Read More

Access Anytime, Anywhere

Strafford will process CLE credit for one person on each recording. All formats include course handouts.

To find out which recorded format will provide the best CLE option, select your state:

CLE On-Demand Video