tokenization is open to everyone with a smart phone..
Yep, everyone is free to get scammed by someone who claims that his token is collateralized by real estate when if fact its collateralized by air and fancy words.
this is simply not true... there are many ways to tokenize real estate today and sell a portion of the asset.. legally today..
Name a few that are provably fair and give me 100% certain that I own part of property.
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...
Majority of costs of REITS (real estate etfs) are cost that are inevitable even for tokenized assets (property maintaining, renting etc.).
"Buffett Says Focus on the Forest, Forget the Trees". Its better to have 0.1% share of 100 properties rather than 10% in 1 property. Costs per single property also goes down when company owns 100 of them.