Tokenization of Commercial Real Estate: Offering and Trading Property Investments on the Blockchain
Course Details
- smart_display Format
Live Online with Live Q&A
- signal_cellular_alt Difficulty Level
Intermediate
- work Practice Area
Real Property - Finance
- event Date
Tuesday, October 28, 2025
- schedule Time
1:00 p.m. ET./10:00 a.m. PT
- timer Program Length
90 minutes
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This 90-minute webinar is eligible in most states for 1.5 CLE credits.
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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.
Mr. Cianci has nearly 15 years of experience representing globally leading hedge funds, private equity firms, healthcare and life sciences companies, Fortune 100 corporations, and other sophisticated clients in complex, high-stakes litigation. He has successfully litigated numerous high-profile cases in courts and arbitral forums across the United States and internationally, with an emphasis on shareholder litigation (including securities class action litigation and breach of fiduciary duty actions), M&A litigation, complex commercial litigation, and government investigation and enforcement matters. Mr. Cianci also represents clients in the blockchain and cryptocurrency space in litigation and advises on a variety of regulatory and risk-mitigation considerations, including compliance with securities laws. Prior to joining Israel David LLC as a Partner, he was Counsel from 2020 to 2024 at the elite international law firm Ropes & Gray LLP and was an associate at that firm from 2011 to 2020.
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 know your customer (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.
I. Emergence of blockchain technology and digital assets
II. Real estate tokens contrasted with traditional LLC and partnership interests
II. Issues in tokenization
A. Compliance with securities laws and creation of a smart contract
B. Determining the number and type of tokens and the exchange platform
C. Offering process: confirmation of investor accreditation and listing of tokens
D. 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?
