Greetings my great friend @crypto.pioter, long time not see
I guess that tokenize a piece of land is like what William J. Howey did in the 1930s, who decided to divide the orange orchard into sections and sell the portions to buyers or investors, who had the option of growing oranges in that portion of land or lease the portion to Howey and get benefits from the orange harvests.
I guess it's the same principle. Ideas are always recycled. Obviously, Howey did not do well since the SEC intervened and ruined his business. But the principle is valid.
And if it is supported by the blockchain technology is even more secure, not only because it is indelible and unalterable but also allows the token can be subdivided which means that prices can be set to the goods in a very precise and can be paid easily for those goods with a very precise change. STO could lead to a new way of crypto.
I think that in this way both investors or buyers of tokens and landlords could benefit.
In an ideal world it would be great, however, this mechanism can lead to scams and frauds or dishonest scheme.