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.