Tokenized Real Estate Platforms Ranked — October 2026
Ranked by market value — outstanding tokens times the last price each one actually traded at, calculated the same way on all four. It ranks by size, not by health: read the 12-month change beside it and the columns after it, which is where a platform that has stopped paying shows up.
Figures are measured from public records and on-chain trades, not from platform marketing, and are recalculated on every update. Coverage travels with each one: a count like "29 / 79" is the denominator we could actually check.
| # | Platform | Market value | 12m | Still paying | Turnover | vs issue | Untraded 90d+ | New in 12m |
|---|---|---|---|---|---|---|---|---|
| 1 | Reental 131 listings | $114.0M | +62.1% | 70 / 70 inferred | 0.33% | 107% | 43 / 106 | 42 |
| 2 | Lofty 82 listings | $27.7M | -5.9% | 43 / 82 observed | 6.73% | 72% | 0 / 81 | 3 |
| 3 | RealT 757 listings | $21.1M | -84.2% | 0 / 757 platform-wide | 0.17% | 14% | 141 / 733 | — |
| 4 | Binaryx 40 listings | $3.8M | +47.4% | 38 / 40 observed | 0.60% | 142% | 1 / 14 | 6 |
How these are measured
- Still paying — listings not flagged as stalled, over the listings whose payout status is known. The basis differs by platform and is printed with each figure.
- Turnover — 90 days of executed volume over market value. The one liquidity figure that survives a 27x difference in platform size.
- Market value — outstanding tokens times the last price each one actually traded at, on all four platforms alike.
- vs issue — median last traded price against issue price, across listings that have traded. Never-traded listings are excluded: they would price at exactly par by definition.
- New in 12m — offerings opened in the last year, dated by token issuance rather than by when a tenant started paying.
Figures as of October 2026. Every platform's full set of nine metrics is on its own page: Reental, Lofty, RealT, Binaryx.