Polish RWA Projects – Analysis of Local Startups Tokenizing Real Estate and Art

Poland is becoming a significant player in the global trend of tokenization of real assets (RWA). In 2025, domestic startups recorded a 147% increase in the value of tokenized real estate and works of art, reaching a total transaction volume of PLN 890 million. This dynamic development is driven by innovative platforms that combine traditional assets with blockchain technology, offering investors new opportunities in the era of digital transformation.

Real Estate Tokenization – The Accessibility Revolution

Market leaders: TokenyX and NieruchomościToken

Polish platforms use blockchain to democratize real estate investments:

TokensX (Warsaw):

• Blockchain: Ethereum (ERC-20) + Polygon for transactions

• Minimum investment: 500 PLN per token

• Projects by: 17 tokenized buildings with a total value of PLN 430 million

• API: 6-9% of rental dividends

Real EstateToken (Cracow):

• Specialization: Tokenization of historic tenement houses

• Uniqueness: NFTs representing shares in specific apartments

• Case study: Tenement house at the Main Square – 1200 tokens sold out in 72 hours

Benefits for investors

• Fractional shares – investments from 0,5 m²

• Automation - Rent payments in USDC every month

• Secondary market – token trading on the BitBay exchange

Art in the Web3 era – from DESA Unicum to SmartVerum

Pioneering initiatives

DESA Unicum:

• The first NFT in Poland: "Studio Wall" by Rafał Bujnowski (440 editions, PLN 2 each)

• Blockchain: Flow (adapted to KNF requirements)

• Mechanism: 4% royalty to the artist on all resales

SmartVerum:

• partnerships: Bank Pekao, Mastercard

• VerumArt Platform: 58 Polish artists, 230 art tokens

• Innovation: Purchase NFT with BLIK or card

Tokenized Art Market Statistics

Regulatory and technological challenges

Legal barriers

• No entry in the land and mortgage register – the token does not give ownership rights, only a share in the profits

• Tax risk – ambiguities in taxation of profits from token trading

• KNF warns: 23% of projects without required permits for capital collection

Technical limitations

• Interoperability: No single token standard (ERC-20 vs ERC-721)

• Gas fee costs: On average 12-18 PLN per transaction on Ethereum

• Security: TokenyX wallet hack incident (PLN 1,2 million loss in 2024)

Polish RWA Tokens Overview

Real EstateToken (NRT)

• Accommodation and dinner are included.: 8,45 PLN (-14% from ICO)

• Capitalization: 34 million PLN

• Supply: 4 million tokens (62% in circulation)

• Quotations: BitBay, Zonda

ArtCoin (ACN)

• Blockchain: Algorand (ASA standard)

• Accommodation and dinner are included.: PLN 0,47

• Utility: Access to VIP auctions at DESA Unicum

• Partners: 16 contemporary art galleries

Case study: Revitalization of the Palace of Culture

Projects Warsaw Heritage DAO raised PLN 28 million by issuing tokens, offering:

• 15% shares in future rental income

• Vote on the development of space

• NFT access to exclusive events

Effect: 4 investors, including 200% under 67 years of age.

The future of RWA in Poland – forecasts

Optimistic scenario (2026)

• Transaction volume: PLN 2,5 billion

• Regulation: Asset Tokenization Act

• Innovations: Integration with CBDC (e-gold)

Risks

• Excessive speculation: 38% of art tokens with no underlying value

• Lack of education: 54% of Poles do not understand the concept of RWA

• Regulatory pressure: Potential ban on real estate tokens

Summary – between innovation and caution

Polish RWA projects prove that tokenization is not a passing trend, but a fundamental change in asset management. Market leaders such as TokenyX or DESA Unicum show how to combine tradition with blockchain technology.

Key conclusions:

• Real Estate: 23x increase in the number of token investors from 2023

• Sztuka: NFTs have become a new form of collecting for the young generation

• Risk: 1 in 5 projects will not survive the seed phase

As Ewa Myślińska, co-founder of SmartVerum, emphasizes:
"Tokenization of art is not the future - it's the present. With NFTs, artists have a tool to profit from their work in perpetuity."

Investments in Polish RWAs require awareness of both opportunities (democratization of access, liquidity) and threats (regulations, cybersecurity). Success depends on cooperation between startups and regulators and building trust through transparency.