Japanese firm GATES Inc. has announced plans to convert $75 million in real estate into tokens using the Oasys blockchain. This project is one of the largest real estate tokenization efforts in Japan.
Plans for Real Estate Tokenization
GATES Inc. aims to tokenize over $200 billion in property, representing about 1% of Japan's total real estate market.
Initial Phase and Project Goals
In the first phase, GATES will focus on income-generating properties in central Tokyo, targeting $34 billion in liquidity over time.
Prospects and Global Trends
The project will be conducted through a special overseas vehicle to comply with local legal regulations. GATES is also looking at tokenizing assets in other countries, including the U.S. and the Philippines, as well as anime and gaming rights.
Real estate tokenization is gaining traction in the global market, supported by successful examples in other countries and a growing trend toward asset digitization.
