Pakistan's real estate sector, once considered a pillar of economic stability, is now grappling with a credibility crisis. Widespread fraud, unchecked land mafias, tax evasion and manipulation of property records have all contributed to an environment of mistrust and uncertainty.

This erosion of confidence has affected not only domestic stakeholders but also the millions of overseas Pakistanis who have traditionally invested in property as a safe and profitable asset.

In this climate of skepticism, even tangible assets like land and buildings are being avoided, while ironically, intangible digital assets like cryptocurrencies — backed by no physical collateral — continue to attract investment due to their accessibility and perceived transparency.

Real estate, despite its immense value, remains largely informal, representing one of the most underutilised economic sectors in terms of transparency, taxation and access.

The root problem lies not in the real estate asset itself, but in how it is managed, documented and transacted. A transformative solution lies in the emerging field of real estate tokenisation through blockchain technology.

Tokenisation refers to the digital representation of real-world assets, such as property, by........

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