Japanese real estate firm Gates plans to tokenize $75 million worth of assets, starting with properties in Central Tokyo to facilitate foreign access to the Japanese real estate market.
Gates has partnered with Oasys to expand tokenization not only in Japan but also internationally, targeting regions like the United States, Europe, the Philippines, and broader Asia.
The collaboration between Gates and Oasys aims to tokenize over $200 billion worth of Tokyo properties, representing approximately 1% of Japan's property market, with a focus on innovation and increased investment opportunities.
Gates' CEO, Yuji Sekino, emphasized the use of cryptocurrency technology to build a futuristic investment infrastructure for Japan, aiming to ease global investors' access to Japanese real estate and to potentially list on Nasdaq.