The article offers an in-depth analysis of the current state of the real estate tokenization market, including its history, key players, and potential benefits and challenges. The authors explore how blockchain technology, initial coin offerings (ICOs), and decentralized finance (DeFi) are transforming the traditional financial sector and creating new investment opportunities in real estate. They highlight promising trends such as the growing popularity of security token offerings (STOs), the development of decentralized exchanges (DEXs), and the potential of non-fungible tokens (NFTs) to improve transparency, efficiency, and liquidity in the real estate market. However, the authors also acknowledge regulatory uncertainty, liquidity issues, and concerns about information asymmetry as major challenges hindering the full potential of real estate tokenization. The article concludes that further research is necessary to address these challenges and fully realize the benefits of real estate tokenization.