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
Why Vietnam is Attractive for Tokenization
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
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.
The Solution with Tokenizer.Estate
Solutions Designed for Your Success
We support everyone from Real estate owner to Sovereign Funds
Property Developers
Scale your investor reach with fractional ownership and dynamic pricing tools
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Real Estate Firms
Offer innovative investment products with fractional ownership, automated payouts, and global KYC/AML onboarding
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High-Net-Worth Individuals
Gain liquidity and diversification with partial tokenization, while maintaining full control of your assets
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Real Estate Investment Funds
Broaden your investor base with retail access, automated dividends, and transparent blockchain reporting
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Financial Institutions
Enable compliant digital products with automated operations and full control over capital flows
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Frequently asked questions
Is tokenization legal in Vietnam?
Can tokens represent land title?
Are payments in crypto allowed?
What is the near-term path?
Do you provide legal services?
See our full FAQ page for more details
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
- THƯ VIỆN PHÁP LUẬT (Law No. 71/2025/QH15 – Digital Technology Industry Law): https://thuvienphapluat.vn/
- Vietnamese Government Portal (Decree No. 87/2025/ND-CP – on digital assets): https://chinhphu.vn/
- Ministry of Finance (MoF): https://mof.gov.vn/
- State Securities Commission (SSC): https://ssc.gov.vn/
- The Investor (pilot exchange coverage): https://theinvestor.vn/
- TUOI TRE Online: https://tuoitre.vn/
- LuatVietnam (Land & Real Estate Business Laws): https://luatvietnam.vn/
- Báo Thanh Niên: https://thanhnien.vn/
- Forbes Việt Nam: https://forbes.vn/