Florian Glatz, founder of Common Ground, announced the launch of tokenized securities on Ethereum in 2019. These securities were backed by a $280 million real estate portfolio and structured as ERC-20 tokens with free transferability and no whitelist. The statement was made on X.
“I launched the first tokenized securities on Ethereum mainnet in 2019,” said Glatz, Lawyer. “$280 Million Real Estate Portfolio. ERC20. freely transferable.”
Tokenized securities aim to place traditional assets on public blockchains to reduce settlement frictions and broaden access while preserving investor rights. In July 2019, German startup Fundament announced a €250 million (approximately $280 million) tokenized real-estate bond on Ethereum, highlighting early regulatory engagement with on-chain issuance. Coverage at the time framed the offering as a milestone in bringing property exposure to crypto rails via public networks.
According to market measures, there is rapid growth in real-world asset (RWA) tokenization. By mid-2025, estimates suggest that tokenized RWAs on public chains will reach the high-teens of billions of dollars, with broader RWA value cited around the mid-$20 billions. This reflects accelerating institutional experiments and on-chain treasury products, illustrating a meaningful base for tokenized instruments beyond pilots.
ERC-20 tokens are natively transferable; however, compliance-centric security tokens often add restriction layers such as whitelists via standards like ERC-1404/1400 or issuer rule engines. Industry guides describe how whitelists constrain transfers to approved addresses, while some issuers design tokens to be freely transferable to maximize interoperability. These mechanics define whether a tokenized security behaves like an open ERC-20 or a restricted asset.
Glatz is a blockchain-focused lawyer and entrepreneur active since the mid-2010s, advising and building at the intersection of law, software, and decentralized networks. His professional materials highlight contributions to fintech and crypto legal frameworks, including authorship in German banking-law references and public commentary on tokenization, governance, and digital assets.
Common Ground is described as a Web3 community platform built for on-chain interoperable communities with token-gated roles, forums, and governance features. Public materials cite a user base in the tens of thousands and position the product as infrastructure for persistent composable ecosystems coordinating via shared standards. The platform emphasizes user ownership and decentralized operations.
