Gates Inc., a real estate investment company, has announced a large-scale tokenization project worth $75 million aimed at simplifying access for foreign investors to the Japanese real estate market.
Gates and Oasys Collaboration
On July 10, Oasys announced its partnership with Gates Inc. to create one of the largest tokenization projects in Japan. The first phase entails expanding liquidity to $34 billion. Gates aims to tokenize over $200 billion worth of properties in Tokyo, representing about 1% of Japan's $20.5 trillion real estate market.
Using Digital Assets to Build Infrastructure
Yuji Sekino, CEO of Gates, emphasized that the company intends to leverage cryptocurrency technology to create a next-generation investment infrastructure for Japan, enabling global investors to seamlessly access Japanese real estate. The partnership plans to expand this tokenization model to the United States, Europe, the Philippines, and other Asian countries.
The Future of Tokenization in Japan
With $145 million in revenue projected for 2024, Gates has become the first major Japanese firm to launch a large-scale property tokenization initiative. It has also filed paperwork for a potential Nasdaq listing, indicating the evolution of digital assets in the country. As the project develops, Gates may create a roadmap for other companies, further enhancing Japan's technological and digital capabilities.
As tokenization accelerates in the global market, Japanese firms are taking bold steps to meet international standards. The Gates project may influence the future of the investment landscape in Japan and beyond.
