USA: Infrastructure Licensing into the
World's Deepest Capital Pool
The US holds 35-40% of global RET operator activity — the largest single-region market.
Regulatory clarity is accelerating with the GENIUS Act (passed 2025) and the Clarity for Digital Assets Act moving through Congress. MeridianSquare enters the US as an infrastructure licensor: operators license our compliance rails, Reg D/A automation, and secondary market infrastructure to power their own platforms under their own licensing.
US MARKET TODAY
RealT
970+ tokenised properties, $150M+ AUM, $50 minimum. Largest US retail tokenization platform.
Lofty.ai
150+ properties, $50M AUM. Daily rent distributions to token holders.
BlackRock BUIDL
$2.88B AUM — largest tokenised fund globally.
Cardone Capital
$5B tokenization announced February 27, 2026 via Securitize — largest single US RE tokenization announcement.
J.P. Morgan Kinexys
$1.5 trillion processed — institutional settlement at scale.
US Regulatory Tailwinds — 2025–2026
- Clarity for Digital Assets Act (advancing 2026): Standardizes digital commodity classification. Codifies registration requirements for brokers and dealers. Expected passage in 2026 — removes the final uncertainty for institutional operators.
- SEC collaborative posture: Removed cryptocurrency from special risk category heading into 2026. Sandbox and engagement approach replaces enforcement-first stance. Banks can now act as crypto intermediaries.
- Trump Executive Order (2025): 401(k) investors granted access to alternative assets including real estate tokens. Opens a new investor class to tokenized real estate at institutional scale.
US County Title System — Why Year 2, Not Year 1
The US title system operates across 3,000+ counties with separate deed recording processes. Unlike Dubai's single national DLD registry, native registry-linked tokenization in the US requires county-by-county connectivity — a multi-year project.
MeridianSquare's US entry focuses on Reg D/A exempt securities and ATS-linked secondary trading, which does not require registry integration, allowing Year 2 entry without this constraint.