Apr 15, 2025
Real estate, mining concessions, agricultural land — these are some of the most valuable asset classes in the world. They're also some of the hardest to invest in. High minimum tickets, illiquidity, opaque structures, and geographic barriers have historically kept these assets in the hands of a few. Tokenization is changing that.
What does tokenizing a real-world asset actually mean?
At its core, tokenization is the process of converting the economic rights over a physical asset into a digital token registered on a blockchain. The token doesn't replace the legal title — it represents a defined right over it: debt repayment, rental income, capital appreciation, or a combination of all three.
Think of it like this: instead of one investor buying an entire building, a hundred investors can each hold a token representing a proportional right to that building's rental income. The asset stays in a legal vehicle — an SPV or trust — and the token is the investor's verifiable, on-chain proof of their economic right.
Why blockchain?
Because blockchain provides something traditional finance hasn't been able to: immutable, transparent, real-time traceability. Every token issuance, every distribution, every transfer is recorded on-chain. There's no black box. Developers, investors, and regulators can all see the same data.
What kinds of tokens exist?
All in Token structures three main models depending on the asset and the project's needs. A Debt Token works like a private bond — the investor lends capital and receives repayment of principal plus a return according to a defined schedule. A Revenue Share Token gives the investor a right to a percentage of net distributable income — rental payments, tourism revenue, commercial rents. An Economic Participation Token references units, square meters, or valuation milestones, and pays out at exit events like a sale or refinancing.
Is it regulated?
It should be — and increasingly, it is. All in Token operates as a PSAV (Virtual Asset Service Provider) licensed by the BCRA in Argentina, and structures its tokens in alignment with the MiCA framework in Europe. This means every issuance goes through KYC/KYB verification, legal documentation, and compliance controls before a single token is sold.
Tokenization isn't a shortcut. Done right, it's a more rigorous, more transparent, and more accessible version of the institutional finance structures that have existed for decades — now available to a global investor base.