房地产令牌化 - 一旦利基实验 - 可能很快成为财产融资方式的核心支柱

到2035年，令牌房地产的市场可能达到4万亿美元，比目前的3000亿美元的年龄增长了27％

Real estate tokenization—still a niche experiment—may soon become a core pillar of how property is financed, owned and traded, according to a Thursday report by Deloitte Center for Financial Services.

根据德勤金融服务中心（Deloitte Center for Financial Services）的一份报告，房地产令牌化（还有一个利基实验）可能很快成为财产如何融资，拥有和交易的核心支柱。

The market of tokenized real estate could reach $4 trillion by 2035, growing at a stunning compound annual rate of 27% from the current size of under $300 billion, the firm forecasted.

该公司预测，该公司的面积可能达到4万亿美元，到2035年，该公司预测，该公司的规模比目前的3000亿美元低于3000亿美元的惊人复合率增长。

Tokenization of real-world assets (RWA) is a fast-growing sector at the intersection of crypto technology and traditional finance. It consists of creating digital versions of assets like bonds, funds and real estate, that are owned and transferrable on a tokenized ledger, or in simpler terms, in a computerized register. The process offers several advantages, such as operational efficiencies, cheaper and faster settlements and broader investor access.

在加密技术和传统金融的交汇处，现实世界中的标记化是一个快速增长的领域。它包括创建债券，资金和房地产等资产的数字版本，这些版本是在令牌化的分类帐中拥有和转让的，或在计算机化的寄存器中更简单。该过程提供了几个优势，例如运营效率，更便宜，更快的定居点以及更广泛的投资者访问权限。

For the real estate sector specifically, tokenization's appeal lies in its ability to automate and simplify the complex financial agreements, the report explained. It allows for launching a real estate fund on-chain with pre-coded rules to manage ownership transfers, capital flows and other administrative tasks.

报告解释说，对于房地产部门而言，代币化的上诉在于其自动化和简化复杂财务协议的能力。它允许建立一个具有预编码规则的链子上的房地产基金，以管理所有权转移，资本流量和其他行政任务。

As an example of an early-stage initiative in this space, Deloitte highlighted Kin Capital's $100 million real estate debt fund tokenization platform Chintai with trust-deed-based lending.

作为该领域的早期倡议的一个例子，德勤强调了金Capital的1亿美元的房地产债务基金Tokenization平台Chintai具有基于信任的贷款。

The report further breaks down the anticipated evolution of tokenized property into three distinct categories: private real estate funds, securitized loan ownership, and under-construction or undeveloped land projects. Of these, tokenized debt securities are poised to take the lead, reaching an estimated value of $2.39 trillion by 2035, according to the report's projections.

该报告进一步分解了标记财产的预期演变分为三个不同的类别：私人房地产资金，证券化的贷款所有权以及未开发的土地项目。根据该报告的预测，这些预测在其中预测中，其中，令牌化债务证券有望领先，到2035年的估计价值为2.39万亿美元。

Private funds are expected to contribute a significant portion with an estimated $1 trillion, while land development assets are anticipated to contribute around $500 billion to the total market size.

预计私人资金将以估计1万亿美元的价格贡献很大一部分，而土地开发资产预计将对总市场规模贡献约5000亿美元。

Despite the promising advantages, the report also notes several challenges that need to be addressed for the large-scale adoption of real estate tokenization. Among the key challenges highlighted are regulation, asset custody, cybersecurity and default scenarios.

尽管有很有希望的优势，但该报告还指出，对于大规模采用房地产令牌化，需要解决一些挑战。突出的关键挑战之一是法规，资产监护权，网络安全和默认情况。