The government of Georgia has signed a memorandum of understanding (MoU) with public-blockchain network Hedera to explore shifting land-registry records on-chain and tokenize real-estate assets — a move aimed at strengthening on chain property rights and boosting transparency across public registries.
What the agreement covers
Under the MoU, Georgia’s Ministry of Justice — working with the National Agency of Public Registry (NAPR) — will assess migrating existing property titles and land-registry data onto a blockchain ledger.
The proposal includes tokenization of real-estate holdings, so that individual properties or fractions thereof can be represented as digital tokens — backing tokenized real estate with blockchain security and enabling easier transfer, verification, and record-keeping.
Officials say this could ensure stronger protection of ownership rights, reduce risk of tampering or fraud in property records, and increase reliability and public trust in registry processes.
Wider implications for rights and real-estate markets
By creating a system based on onchain property rights, Georgia could offer a robust legal and technical foundation for real-estate ownership, transfers, mortgages, and transaction history that is transparent and immutable.
For real-estate markets, tokenization promises to lower barriers to entry by enabling fractional ownership, boosting liquidity, and opening up asset-markets to smaller investors. Moreover, it could speed up transfers, reduce paperwork, and make property-related finance more efficient.
Given Georgia’s past experience — the country first used blockchain technology for land titles in 2016 with several hundred thousand records anchored on Bitcoin-based timestamps for transparency and security — this latest step with Hedera extends that ambition: from static land registry to dynamic, tokenized property infrastructure.
Looking ahead: Next steps
The MoU is nonbinding: next phase involves forming joint working groups between government experts and blockchain engineers to design the migration and tokenization framework.
If implemented, Georgia’s model may serve as a blueprint for other countries seeking to modernize property registries, legalize tokenized real-estate, and support on-chain ownership frameworks under secure, auditable systems.
Conclusion
Georgia’s embrace of onchain property rights marks a pivotal moment for digital-asset legal frameworks and real-estate markets. By combining traditional property law with blockchain security and tokenization, the country could create a more secure, transparent and inclusive property ecosystem — potentially redefining how real estate is owned, traded, and managed in the digital age.
Read Also: UK passes property laws for crypto as digital assets gain legal clarity
