Q2 2025 Edition

In our opinion, this was the first true RWA Summer — an exciting period of policy, progress, and partnerships.
Written by
Matthew Schneider
Published on
8 September 2025

Welcome to the Summer Edition of Building’s company and industry debrief. In our opinion, this was the first true RWA Summer — an exciting period of policy, progress, and partnerships.

We have doubled our newsletter subscribers since the last release and warmly welcome everyone to the exciting world of tokenized real estate.

Look for three main categories in this email: Industry News, Company Updates, and Our Perspective.

Cheers!

Building & co.

The Latest News

The tokenized RWA market exceed $25 billion in Q2 2025, marking a staggering 245x increase since 2020-2025.

What was once a niche experiment is now attracting major institutions, with real estate standing out as one of the most promising asset classes. This milestone signals that tokenization is no longer just theory, it’s becoming infrastructure for global finance.

Source: CoinDesk

Dubai Land Department Unveils First-of-Its-Kind Property Token Ownership Certificate

In a groundbreaking regulatory development, the Dubai Land Department and Virtual Assets Regulatory Authority partnered to enable direct tokenization of real estate — without needing Special Purpose Vehicles.

Read More

Christie’s International Real Estate Launches Crypto Division

Spearheaded by Aaron Kirman in Southern California, the division enables high‑end buyers to purchase premium listings using digital assets like Bitcoin or Ethereum. Christie’s crypto‑friendly portfolio now exceeds $1 billion.

Read More

Broader Momentum: Growing Focus on Tokenizing Real-World Assets

Institutional players around the globe are embracing tokenized real estate, from Bank of America to China property developer Seazen. The interest is primarily enhanced liquidity and broader accessibility of investment products.

CoinDesk, Reuters

GENIUS & STABLE Acts Pass Landmark Stablecoin Reform

Together, these laws lay the groundwork for banks not only to hold and custody stablecoins, but also to issue them and use them as collateral in lending—including for tokenized real estate assets.

Read More

Industry Reports

Company Updates

We're doubling down on digital twins, because smarter buildings mean smarter portfolios.
Building, Inc joins forces with MAGMA to bring unprecedented intelligence to tokenized real estate

Building will make use of MAGMA’s Digital Twin Token, also known as the DTT, to anchor important documents to the blockchain, provide real-time reporting, and tokenize ownership.

CEO Matthew A. Schneider comments, “MAGMA will serve an important role in our mission to reduce portfolio risk by equipping properties with digital twins — which are the easiest way for stakeholders to inspect a property, and a modern way to organize data.”

For the industry at large, this represents a large step forward towards data-driven tokenization of real estate assets.

Some of MAGMA’s latest partnerships include the DIFC Innovation Hub (United Arab Emirates), VeChain, Zoniqx, Akila, and Smart Buildings Alliance.

Breaking ground with Chris Pederson on Meander Park, a mission-driven, tech-enabled development near Minneapolis, MN

We are thrilled to welcome Medina Ventures to the Intelligent Portfolio Platform. Medina Ventures, led by Chris Pederson—an entrepreneur based in Minnesota and the founder of Order of the Egonauts—is constructing a Grade A, four-lot development in Medina, Minnesota.

We had the chance to don safety vests and scope out the site, which was busy with bulldozers and dump trucks. The project recently closed on all of its financing and things are steadily underway.

The project is not only much-needed for the area, but an exciting candidate for the next generation of data management and digital twins.

Global footprint: Building & co. takes on stages around the world in pitches, panels, and keynotes

As always, we continue to lead the way in education for real estate tokenization and honestly acknowledging industry bottlenecks. This continues to earn us a spot at the table amongst institutions, many of which are still concerned about the value propositions of blockchain.

Our 2025 engagements have included: the Atlanta Blockchain Center (Georgia), James Madison University (Virginia), FIBREE + UCL DICC Workshop (United Kingdom), TOKEN2049 (United Arab Emirates), Atlanta Tech Week (Georgia), Culture Convergence (Minnesota).

Upcoming activations include: Boston Blockchain Week (Massachusetts), Pacific Blockchain Summit (Hawai’i), BIM Coordinators Summit (Ireland), RWA Tokenization AMA (Michigan), Global Fast Track (Hong Kong), Cityscape Global (Saudi Arabia), and more.

Joining RWA Builders, a consortium of the industry’s leading companies

We have an exciting new partnership with RWA Builders, an ecosystem of corporations, institutions, and asset managers with a shared goal of distributing enterprise-grade tokenization.

RWA Builders equips C-suite decision-makers and other key stakeholders with the insights and the builder connections needed to match mandates and capital to the right on-chain solutions.

For our work in data-driven real estate tokenization, Building joins the “Who’s Who in RWAs” directory and gains curated participation in leading industry events.

New service offering: Interactive, Intelligent Digital Twins

Building starts with Structure, transforming scattered property documents into one secure, standardized framework that makes data easy to manage, audit, and present when preparing for financing or sale.

From there, we Scan assets with digital twin technology and generate a Score that measures compliance, performance, and finance-readiness, giving owners both a clear view of their property and a benchmark they can act on.

Finally, we enable you to Share this trusted data with investors, auditors, and capital markets — even flowing seamlessly into tokenization — so your real estate can unlock liquidity, attract capital, and move at the speed of the internet.

Centralize and standardize property documents. Visualize assets with scanners and digital twins. Benchmark assets for appraisal, due diligence, and finance. Activate tokenization, attract capital, and unlock liquidity.
Code and Concrete passes 2,500 downloads

Our PropTech podcast is climbing the charts! We are available on all major platforms and happy to announce that our episodes have accumulated over 2,500 downloads. Additionally, we boast 5-star ratings on Spotify and Apple. Catch our top episodes:

29: Designing the Future of Cities | ft. Paul Doherty

YouTube | Spotify

24: Safety Tech for Public Protection | ft. Robert Austin & Paul Eckert

YouTube | Spotify

13: Tokenizing Blue-Chip Artwork | ft. Grace Lau

YouTube | Spotify

Noteworthy media (by recency)

ChainHire | What Are You Tokenizing | pToken Assets | Apraemio | STORBOSS | STO Summit | NEO CRE | Business Strategy Roundtable | ENG Media | Are We Here Yet

About Building

The digital standard for real estate.

Building is the digital standard for real estate. We help asset owners, developers, and institutions modernize portfolios by structuring data into finance-ready formats. With verified documentation and real-time insights, assets become easier to value, finance, audit, tokenize, and trade—on or off chain.

From capital markets to carbon tracking, Building supports the full lifecycle of a property. We reduce portfolio risk, enable compliance, and power the systems behind tokenized offerings, digital twins, circular workflows, and intelligent asset management.

Are you ready to future-proof your properties and portfolio? We can help. Just respond to this email.

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