Deloitte Center for Financial Services predicts that real estate tokenization could become a core pillar of property financing, ownership, and trading. The market of tokenized real estate could reach $4 trillion by 2035, growing at a 27% compound annual rate from under $300 billion. This sector combines crypto tech and traditional finance, creating digital versions of assets like bonds, funds, and real estate on blockchain rails. It offers operational efficiencies, cheaper settlements, and broader investor access. The report outlines three-pronged evolution of tokenized property: private real estate funds, securitized loan ownership, and under-construction or undeveloped land projects. Tokenized debt securities are expected to dominate, reaching $2.39 trillion in value by 2035. Challenges remain, including regulation, asset custody, cybersecurity, and default scenarios.