What we do in this area.
Metric Law/Tax provides legal support to clients involved in the tokenization of real estate assets and the secondary trading of real estate tokens on digital asset platforms, including those operating in the United States. Our services cover regulatory and tax compliance, securities law analysis, documentation, and the structuring of tokenized real estate offerings, as well as guidance on platform requirements and cross-border legal considerations. Metric Law/Tax advises clients throughout the entire lifecycle of tokenized assets.
What this service covers.
1. Regulatory Compliance & Securities Law Analysis
Analysis of applicable securities laws across relevant jurisdictions, including the United States, ensuring tokenized offerings comply with available exemptions, registration requirements, and platform-specific regulations.
2. Offering Structuring & Documentation
End-to-end drafting and review of offering documents, token terms, investor agreements, and disclosure materials tailored to the specific structure of each tokenized real estate project.
3. Platform Requirements & Listing Support
Legal guidance on the requirements for listing real estate tokens on digital asset trading platforms, including compliance with platform rules and cross-border distribution considerations.
4. Cross-Border Legal Structuring
Identification and management of legal issues arising from the involvement of investors, issuers, or platforms across multiple jurisdictions, with coordination of qualified local counsel where required.
5. Secondary Trading & Transfer Compliance
Legal support for secondary market trading of real estate tokens, including transfer restrictions, resale compliance under applicable securities law, and ongoing regulatory obligations.
6. Full Lifecycle Advisory
Advice at every stage of the tokenized asset lifecycle — from initial structuring and issuance through to secondary trading, restructuring, and regulatory reporting obligations.
Jurisdictions covered.
What clients should know.
1. Real estate tokens may constitute securities under applicable law, triggering registration or exemption requirements in each relevant jurisdiction.
2. U.S. securities laws apply to offerings involving U.S. investors or U.S. platforms regardless of where the issuer is located.
3. Platform selection and the jurisdiction of incorporation affect regulatory classification and ongoing compliance obligations.
4. Transfer restrictions on tokens must be technically enforceable and properly documented in the offering terms.
5. Ongoing reporting and disclosure obligations typically apply to issuers following the completion of a tokenized offering.
6. Cross-border structures require careful alignment of local real estate law, corporate law, and securities regulation.