Property Tokenization Digital Framework for Inclusive and Sustainable Asset Markets Development

The real estate market is considered as a very promising sector for investments although, it blocks capitals in the short term then the investor can rely on an upgraded asset value in the long term. The concept of a “fractionable” asset can remove some barriers and burdens for owners, promoting liquidity and opening to actors with different financial or social backgrounds. The univocal ownership of the asset shifts into a shared property freeing up financial resources for the main owner and the acquisition of value for small investors that can acquire a part of the asset defined by a NFT (non-fungible token). This NFT can be sold and bought in a fluid market. This is the core idea of the property tokenization, which can be additionally oriented to revalue the assets in an eco-sustainable way. The property market can be organized and automated through the registration in smart-contracts of a "property token". The mechanism can be a disruptive financial booster and can renovate the asset exchange and the market using a digital environment. The idea is to connect the assets and the tokens (related to part of the assets) integrated to a new digital cadaster of the real estate assets, connecting the different scales by digital tools: urban scale managed by GIS, building scale defined by BIM models, certifying the exchanged consistencies in a unique and blockchained token. The paper aims at depicting the framework for business innovation that can promote sustainability and social inclusion.