The REIT market, which heated up the traditional financial market in early 2020, has made investors enthusiastic about the indirect ownership of high-value real estate assets with minimum capital requirement. The same applies to the source technology of blockchain, where the asset is blocked as collateral, ledger is created, and is divided among pulular participants. This has the same effect as dividing a property into underlying assets. Nevertheless, real estate investment together with blockchain technology does not seem familiar with the market yet, even though the cryptocurrency market achieved 100 trillion USD in early 2021 and created a mega industry.