Grant Cardone announced that Cardone Capital is preparing to tokenize its $5 billion real estate portfolio, converting equity in U.S. multifamily and commercial properties into blockchain-based digital tokens.
The move is intended to introduce liquidity and collateral flexibility into an asset class traditionally defined by long holding periods and limited secondary trading.
Cardone stated the firm aims to become a leader in large-scale Real-World Asset (RWA) tokenization, positioning the initiative as both a capital markets upgrade and a competitive differentiator.
According to the firm’s announcement, tokenization is designed to provide:
The structure seeks to modernize how private real estate equity is distributed and traded, though details regarding regulatory registration and trading venues have not yet been disclosed.
The tokenization effort follows Cardone Capital’s increasing integration of crypto into its balance sheet strategy.
In June 2025, the firm acquired 1,000 BTC, signaling an initial treasury diversification approach. Since then, management has indicated that real estate cash flows have been used to expand Bitcoin holdings.
The latest announcement suggests an evolution beyond treasury allocation. Rather than simply holding crypto as a hedge, the firm is exploring blockchain as infrastructure for restructuring ownership itself.
Tokenized real estate remains an emerging segment of the broader RWA market. While blockchain rails can streamline settlement and ownership tracking, several structural challenges persist:
Despite these constraints, Deloitte projects that tokenized real estate could reach $4 trillion by 2035, reflecting institutional interest in digitizing traditionally illiquid assets.
If implemented at scale, the initiative would represent one of the largest tokenization efforts tied to U.S. real estate holdings. The success of the strategy will likely depend less on headline portfolio size and more on regulatory alignment, investor adoption, and the depth of secondary market liquidity.
The announcement underscores a broader shift within segments of private capital markets: exploring blockchain not merely as an investment vehicle, but as a restructuring tool for ownership and transferability.
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