Rampell: Blockchain real estate tokenization fails because property rights rely on governments
Alex Rampell · Rocket Companies CEO: Here’s How to Fix the Housing Crisis · Nov 12, 2025 · at 17:30
Alex Rampell is a general partner at Andreessen Horowitz (a16z). He evaluates real estate financial engineering models during a discussion on solving the U.S. housing crisis.
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“There's the blockchain stuff that doesn't really make sense to me. I'm a big, big fan of crypto, but it's like, crypto exists, like, if you're trading things that are purely in that are purely digital, works great. If you're saying, I'm going to represent something that's physical, where I need to assert my ownership. Like, if somebody's living in my house illegally, that's called they broke into my home. And then I call the police and I say, I live here, Eric broke in, kick him out. And like, you can do that. But if I say, no, no, no, on the blockchain, it says that Eric, like, no, no, like, it's like, we have, like, the guys with guns enforce the laws, and they look at, like, who owns the property based on, like, the county recorder's information.”
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