Tokenization for Real Estate Owners

50-page intermediate guide for property owners · 3 working templates included · Romania and Hungary tax treatment covered · Verified platform comparison for EU issuers

The biggest cost in a tokenized real estate offering is not the smart contract. It is the property transfer tax when you move the asset into the SPV. On an €800,000 property it can run to tens of thousands of euros before you have written a line of code, and the exact rate depends on your jurisdiction.

Most tokenization guides do not tell you this. This one does, because your net proceeds model depends on it, and modeling it wrong is the most common reason a promising offering produces a disappointing result.

This guide is the execution kit. It assumes you have read the beginner version (or already understand the basics). It covers what needs to be decided, in what order, and what everything actually costs.

What You’ll Come Away With

A complete SPV setup roadmap. Five stages: offering definition, legal setup, property transfer, smart contract deployment, pre-launch verification. Each stage has a completable checklist. No stage begins before the previous one is finished.

A financial model you can fill in. Gross raise vs. net proceeds, token price and supply calculation, DCF pricing for income participation tokens, and a full cost stack broken down by legal, technical, and tax categories: conservative and optimistic columns, with a worked example.

Romania and Hungary covered specifically. Token classification under MiCA vs. MiFID II. Transfer tax implications for SPV formation in both jurisdictions. Income tax treatment of distributions (10% for RO individuals, 15% SZJA for HU). DAC8 reporting obligations. Tax figures reflect current Romanian and Hungarian rules as of 2026.

A platform decision you can make in 30 minutes. Blocksquare (EU-compliant, Luxembourg framework, land registry integration) vs. Tangible (UK-focused) vs. build-custom, compared across EU regulatory status, issuer access, smart contract model, distribution infrastructure, and secondary market depth.

An investor relations system. Quarterly update structure, distribution failure handling, year-end tax documentation for holders, and the secondary market reality: what you can support and what you cannot control.

What’s Inside

Six core chapters (intermediate-level foundations covering bearer bonds, consensus mechanisms, ERC standards with regulatory context, smart contract audit requirements, hardware wallet custody, and CEX/DEX mechanics).

Five guide chapters:

• SPV Setup, Step by Step
• Modeling the Raise: asset valuation, token economics, cost stack, net proceeds
• Jurisdiction Layer (EU / RO / HU): MiCA/MiFID II determination, CASP deadline, RO and HU tax specifics
• Platform Selection for Issuers: five criteria, decision guide
• Investor Relations & Ongoing Ops

Three working templates:

• SPV Setup Checklist: 4-stage completable checklist with cost reference table
• Legal-Cost Estimator: Full cost-stack table, DCF worksheet, net proceeds model
• Platform Comparison: Issuer-focused, 4-option comparison across 13 variables

Who This Is For

You own property and you have decided to explore tokenization seriously. You want the legal structure, the cost model, and the regulatory layer, not another explanation of what a token is. You are working with or about to engage a lawyer, and you want the framework that lets you have a productive conversation with them rather than a blank-slate briefing.

If you have not read Guide 5 yet, the Topic Complete bundle (€44, General Beginner guide included free) gives you the full path from concept to execution.

Every purchase includes PDF and EPUB at no extra cost, plus the HTML version. EPUB reads on Kindle, reMarkable, or any e-reader. Includes the Tokenizal Glossary (55 terms), free.