You can't launch real estate token yet. There is not legislation for this. every firm that will try to do this will have to be fully regulated. There is no way to eliminate middleman. You own x% of real estate but there have to be someone who is renting it, fixing, maintaining etc. There is someone who pick it, bought it from regular market and do all papers to offer as token.
For those wanting to own fraction of real estate there are REITS - ETFs from regulated funds investing in real estates all around the globe. There is no reason to invest now in this sector.
this is simply not true... there are many ways to tokenize real estate today and sell a portion of the asset.. legally today..
ETF's are very expensive, not specific to a property or property owner you want to invest with and aren't available to many people around the world...
tokenization is open to everyone with a smart phone..