Tokenized Real Estate vs. Traditional Syndications: Key Legal and Structural Differences
What Sponsors and Investors Need to Understand Before Choosing a Capital-Raising Structure Real estate sponsors today can raise capital through traditional syndication structures or through tokenized investment models — but the two are not interchangeable, and they are not as different as marketing materials often suggest. Traditional syndications rely on familiar private-placement frameworks that have […]
How Real Estate Tokenization Works Under U.S. Securities Laws
Real estate tokenization is not a shortcut around securities regulation. That has always been true, and the SEC’s 2026 interpretive release — Release Nos. 33-11412 and 34-105020, issued jointly with the CFTC — makes it clearer than ever. If you are a real estate sponsor, developer, or investor exploring tokenization, the most important thing you […]
How the CLARITY Act Could Reshape Real Estate Tokenization
The CLARITY Act remains pending in the Senate. But a major piece of the regulatory picture it was meant to provide has already arrived: the joint SEC/CFTC Release 33-11412 formally classifies crypto assets into five categories, defines “Digital Securities,” and applies the Howey test to tokenization in ways that directly and immediately govern real estate […]
What is Real Estate Tokenization?
Real estate tokenization lets sponsors bring the efficiency of digital infrastructure to private capital raises. But before you engage a platform or mint a token, you need to understand what tokenization actually does, what it does not do, and why the legal structure you build around it matters more than the technology itself. Real estate […]
The SEC’s New Crypto Roadmap: What Release 33-11412 Means for Tokenized Real Estate
The SEC’s New Crypto Roadmap: What Release 33-11412 Means for Tokenized Real Estate Last week, the SEC and CFTC jointly issued Release Nos. 33-11412 and 34-105020 — a landmark interpretive release that finally answers a question the industry has been asking for years: when is a crypto asset a security, and when is it not? […]