Methodology

Due to the nature of the topic, an inductive exploratory research strategy was defined for the analysis. This strategy should allow for preliminary research on the topic of tokenization in real estate and create a basis for further, potentially deductive, research. In line with the defined strategy, a qualitative approach was chosen. Throughout the research, both primary and secondary research was conducted. The literature review and secondary research is discussed first as it presents the backbone of this paper and served as a basis for the following primary research. The primary research is then reviewed, it consists of three case studies and five expert interviews. As established the research questions are as follows: RQ1: What is tokenization in real estate and how does it work? What are the underlying technologies?, RQ2: What does the implementation of tokenization look like, opportunities and challenges?, RQ3: Case studies and expert interviews: What are current best practices and lessons learnt?, RQ4: What recommendations can be given to different market participants going forward?