For years, tokenization was explained as a promise. Today, it is a market reality. At Reental, we have tokenized $125 million in real estate across more than 120 projects, with over 45 exits and 43,000 registered users. This is not a proof of concept: it is an operational and profitable business that has been running for five years, part of an ecosystem of tokenized assets that, including stablecoins, already exceeds $300 billion.
From tokenized assets to mobilized capital
The next step is no longer just distributing assets, but mobilizing their capital. A tokenized property can generate rent and appreciation, but its capital remains partially locked.
RNT Protocol adds this new layer: it turns these assets into productive collateral, allowing you to obtain liquidity and reinvest without selling them. Its FDV (fully diluted valuation) already exceeds $55 million and achieves a recurring utilization rate of over 90%.
A new infrastructure for private markets
But this transformation is happening simultaneously across virtually all private markets.
Figure is bringing mortgages and credit to the blockchain; Securitize is building institutional tokenization infrastructure; Apollo and Hamilton Lane are advancing the digitization of private markets; Centrifuge and Maple are developing private credit on-chain; Republic is bringing private equity closer to new tokenized options; Ondo turns tokenized financial assets into productive capital; Aave and Morpho provide liquidity, lending, and collateralization.
With more and more assets, managers, platforms, and protocols competing for capital, value is shifting toward those who know how to select, structure, combine, and manage it.
The next great leap: Asset Management 3.0
The high-net-worth individuals and family offices I speak with no longer just ask me if tokenization works. The question is starting to be: who selects the best opportunities and builds diversified portfolios from these new alternative investments?
That is where the next great leap lies: Asset Management 3.0.
Tokenization provides new access to alternative investments. DeFi provides liquidity, collateralization, and capital efficiency. And artificial intelligence allows for improved selection and ongoing management.
Artificial intelligence and capital management
I recently read “Coming Into View” by Joseph H. Davis, Global Head of Investment Strategy Group at Vanguard. One of his conclusions is that in financial advisory, AI does not necessarily replace the professional, but rather elevates the quality of their work. Integrating it into selection, analysis, and monitoring allows for processing more information, better identifying risks and opportunities, and improving risk-adjusted returns.
The next decade: smarter capital
The next decade, consequently, will not just be about tokenizing, but about better managing smarter capital.
New access. Better management. Higher net returns.
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Fernando Ors, President of Reental and author of Smarter Capital
