Lava Network Partners with BHL Group on 40,000-Unit Caribbean Tokenization Project

According to ChainCatcher, Lava Network and BHL Group signed a non-binding memorandum to design a tokenization regulatory sandbox for the Alba Bay residential development project in the Caribbean, planned to comprise over 40,000 residential units spanning approximately 40 million square meters with a construction cost of several billion dollars. The project is scheduled to break ground in the first quarter of 2027.

No residential units have been tokenized yet, and Lava will not receive upfront fees from BHL. The protocol will support ecosystem promotion and coordinate crypto-native teams for sandbox participation, operating on a usage-based fee model. Lava stated this is its first real-world asset licensing project.