Case Study: Her Majesty's Land Registry achieves property tokenization, cost savings and greater transparency with ConsenSys Codefi

Proof of Concept for Her Majety’s Land Registry (HMLR) demonstrates the ability of blockchain technology to increase transparency and cut costs in real estate

Her Majety’s Land Registry, the UK government department that records millions of property titles, partnered with ConsenSys to explore how blockchain could address pain points in real estate: cumbersome and costly investor registries, high minimum investment thresholds, multiple intermediaries, isolated secondary markets, and low transparency. The engagement used ConsenSys Codefi (Codefi Assets) as the platform for the experiment.

ConsenSys implemented a proof‑of‑concept issuing a “Title Token” on the Codefi digital asset marketplace, enabling owners to fractionalize property, set offering terms, verify identity via MetaMask, and trade ERC1400-backed security tokens (smart contracts audited by ConsenSys Diligence). The project demonstrated automated, up‑to‑date investor registries, faster verification, greater transparency and broader investor access to real estate; more broadly, tokenization showed potential to cut costs and increase liquidity (research cited up to ~20% expense reduction in comparable markets).

Her Majety’s Land Registry