El Salvador turns tokenization into a real-estate financing channel
A construction boom is aligning with a new way to attract capital outside traditional real-estate credit.
The registered projects total USD 633 million in issuances since 2023.
Real-estate tokenization is contemplated in the Digital Assets Issuance Law.
Tokenization has moved beyond being just a bet tied to the digital asset market and has started to make room in El Salvador’s real-estate financing.
According to Juan Carlos Reyes, president of the National Digital Assets Commission (CNAD), the construction projects registered under this scheme have accumulated USD 633 million in issuances and total 55 registrations since 2023, which were counted through September 4, 2026, as reported by the local outlet Dinero del país. In 2025 alone, they approved a total of 16 real-estate issuances, with an approximate value of USD 452 million.
The progress is happening while construction and real-estate activities continue to grow in the country. In June, Construction activity increased 10.7% year over year, according to the Central Reserve Bank (BCR). The result was accompanied by a 13.1% increase in Apparent Cement Consumption.
The real-estate market also showed positive performance. Real-estate activities grew 7.1% year over year in June, driven by the marketing of new residential and non-residential projects and by greater financing for the acquisition and construction of homes, according to the BCR.
In this context, tokenization appears as an additional way to raise resources. The projects registered by the CNAD do not use a single structure: some issue debt tokens that represent an obligation to pay principal and interest, while others use revenue tokens linked to future cash flows generated by sales, rentals, or real-estate operations.
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A construction boom is aligning with a new way to attract capital outside traditional real-estate credit.
The registered projects total USD 633 million in issuances since 2023.
Real-estate tokenization is contemplated in the Digital Assets Issuance Law.
Tokenization has moved beyond being just a bet tied to the digital asset market and has started to make room in El Salvador’s real-estate financing.
According to Juan Carlos Reyes, president of the National Digital Assets Commission (CNAD), the construction projects registered under this scheme have accumulated USD 633 million in issuances and total 55 registrations since 2023, which were counted through September 4, 2026, as reported by the local outlet Dinero del país. In 2025 alone, they approved a total of 16 real-estate issuances, with an approximate value of USD 452 million.
The progress is happening while construction and real-estate activities continue to grow in the country. In June, Construction activity increased 10.7% year over year, according to the Central Reserve Bank (BCR). The result was accompanied by a 13.1% increase in Apparent Cement Consumption.
The real-estate market also showed positive performance. Real-estate activities grew 7.1% year over year in June, driven by the marketing of new residential and non-residential projects and by greater financing for the acquisition and construction of homes, according to the BCR.
In this context, tokenization appears as an additional way to raise resources. The projects registered by the CNAD do not use a single structure: some issue debt tokens that represent an obligation to pay principal and interest, while others use revenue tokens linked to future cash flows generated by sales, rentals, or real-estate operations.
#news
$BTC $ZEC $SPCXB
