Unlockit Field Lab on Creating a Governance Framework to Facilitate the Fractionalization of Real Estate Assets Using Web3-Based Business Models in Portugal: Legal and Regulatory Reforms Necessary to Support the Fractional Ownership of Real Estate Assets Through Distributed Ledger Technologies in Portugal

Abstract

This thesis explores the development of governance frameworks to facilitate fractional ownership of real estate assets using blockchain technology. By addressing inefficiencies in traditional property management, such as bureaucracy and lack of transparency, it highlights the potential of distributed ledger technologies (DLTs) to enhance liquidity, streamline decision-making, and democratize property investment. This study evaluates blockchain compatibility for governance needs, compliance with EU regulations, and the implications of varying ownership structures. Analyzing legal, technical, and operational challenges, the thesis shows that tokenization coupled with regulatory alignment and further innovation will enable more efficient, transparent and equitable management of real estate assets.