Real Estate Tokenization
in Vietnam

Vietnam has introduced a Digital Technology Industry Law that legally recognizes digital assets and is preparing a state-supervised pilot market for tokenized real-world assets, including real estate

  • New legal recognition of digital assets (effective Jan 2026)

  • Pilot regime for digital-asset exchanges by SSC/MoF

  • Large domestic demand and institutional interest (SSI, TCBS)

  • Opportunity to pioneer compliant RWA products in South East Asia

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  • New legal recognition of digital assets (effective Jan 2026)

  • Pilot regime for digital-asset exchanges by SSC/MoF

  • Large domestic demand and institutional interest (SSI, TCBS)

  • Opportunity to pioneer compliant RWA products in South East Asia

About

Why Vietnam is Attractive for Tokenization

Tokenization Routes

Possible Routes for Tokenizing Property
in Vietnam

  • Security-token route (SSC-regulated)

    Best for: Issuing shares, fund units, or notes representing real estate.
    How: Vehicle under Securities Law, custody/clearing via VSDC, distribution through licensed securities provider.
    Note: Most realistic near-term pathway.

  • Digital-asset route (non-securities; post-Jan 2026)

    Best for: Non-securities utility or access tokens.
    How: Comply with decrees under the Digital Technology Industry Law, trade on licensed digital-asset exchanges.
    Note: Awaiting implementation.

  • Offshore issuer + Vietnam asset SPV

    Best for: Global fundraising while referencing Vietnamese assets. How:
    Hold asset in Vietnamese SPV
    Issue tokens via offshore company
    Geo-block Vietnamese investors unless fully compliant.
    Note: Offshore tokens don't substitute land registry, local marketing would trigger SSC/SBV rules

Real cases

Implemented Market Examples

  • Realbox

    A blockchain platform that opened the door to small-ticket real estate participation for Vietnamese retail investors. It showcased the appetite for digital property investment and laid the groundwork for more structured offerings.

  • Institutional pipeline (2025+)

    Major financial institutions SSI Digital and TCBS are preparing regulated pilots for tokenized real estate under a state-endorsed framework. This marks Vietnam’s shift from early retail experiments toward institutional-scale, compliant programs.

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Solution

The Solution with Tokenizer.Estate

Use cases

Solutions Designed for Your Success

We support everyone from Real estate owner to Sovereign Funds

FAQ

Frequently asked questions

  • Is tokenization legal in Vietnam?

    Yes. Digital assets are recognized as property from Jan 2026; securities remain under SSC rules.

  • Can tokens represent land title?

    No. Land registry remains mandatory; tokens evidence economic rights, not on-register ownership.

  • Are payments in crypto allowed?

    No. Subscriptions must be settled in VND via banking rails, unless tokens issued offshore.

  • What is the near-term path?

    Securities-token offerings are most realistic until the pilot exchange regime is live.

  • Do you provide legal services?

    No. We provide the platform and connect you with licensed Vietnamese counsel.

See our full FAQ page for more details

Adopted for

Global Jurisdictional Coverage

Every market has its own rules. We’ve already built the structures to make tokenization work — from Europe to Asia to the Middle East. Launch with confidence, wherever your investors are

Last updated: 2025-10-01

The information on this page is for general informational purposes only and does not constitute legal, financial, investment, or tax advice.
Tokenizer.Estate provides a platform for real estate tokenization and connects you with licensed local partners, but we do not provide legal or regulatory guidance.
Please consult qualified professionals in your jurisdiction before making any investment or tokenization decisions.

Sources & References

  1. THƯ VIỆN PHÁP LUẬT (Law No. 71/2025/QH15 – Digital Technology Industry Law): https://thuvienphapluat.vn/
  2. Vietnamese Government Portal (Decree No. 87/2025/ND-CP – on digital assets): https://chinhphu.vn/
  3. Ministry of Finance (MoF): https://mof.gov.vn/
  4. State Securities Commission (SSC): https://ssc.gov.vn/
  5. The Investor (pilot exchange coverage): https://theinvestor.vn/
  6. TUOI TRE Online: https://tuoitre.vn/
  7. LuatVietnam (Land & Real Estate Business Laws): https://luatvietnam.vn/
  8. Báo Thanh Niên: https://thanhnien.vn/
  9. Forbes Việt Nam: https://forbes.vn/