Republic of Georgia Signs MoU with Hedera to Tokenize National Land Registry

Source: CoinEdition Original Title: Republic of Georgia Signs MoU with Hedera to Tokenize National Land Registry Original Link: https://coinedition.com/republic-of-georgia-signs-mou-with-hedera-to-tokenize-national-land-registry/

Hedera Partnership Advances Georgia’s Digital Governance Strategy

The Ministry of Justice of Georgia has formally engaged the Hedera network to overhaul its national public registry, marking a strategic evolution in the country’s decade-long experiment with blockchain governance.

The Memorandum of Understanding (MoU) tasks Hedera with developing an on-chain infrastructure capable of supporting not just record-keeping, but the active tokenization of real estate assets.

The initiative aims to improve the country’s digital governance. It also supports Georgia’s longer push to strengthen transparency and attract global technology partners.

Hedera Cooperation Targets Registry Modernization

Hedera will support research on how the agency could move parts of its registry to a distributed network. This transition could strengthen data integrity because it creates tamper-resistant records.

Additionally, early discussions include the “Smart Contract” service used by the registry. The service enables automated interactions related to property and legal agreements.

The ministry wants to expand its capabilities and create tools that reduce manual processing. Consequently, the new working groups will evaluate technical requirements, economic impact, and long-term integration paths.

Real Estate Tokenization Gains Global Attention

Georgia’s interest in tokenized real estate reflects broader adoption trends. Governments and private firms are increasingly exploring fractional ownership models that give investors easier access to property markets.

Dubai expects to use blockchain to manage these assets and create a verifiable ownership history. Similar plans continue across parts of Europe and Asia, where tokenization supports liquidity in traditionally slow markets.

Moreover, Georgia views this technology as a chance to create a more competitive business environment. Tokenized units can simplify asset transfers, reduce paperwork, and expand investor participation. Hence, the concept aligns with the country’s digital transformation strategy.

Blockchain Initiatives Support Georgia’s Digital Pivot

Georgia has experimented with blockchain before. The government previously recorded over 100,000 land transactions on the Bitcoin network.

Central bank officials also worked with certain blockchain projects on digitalization programs, including pilots for a potential national digital currency. These earlier projects helped shape the country’s current roadmap. They also signaled willingness to test advanced technologies within regulated public systems.