Japan-based investment firm GATES Inc. announced plans to tokenize $75 million worth of income-generating properties located in central Tokyo. This initiative aims to attract foreign investors to the Japanese real estate market.
GATES Inc.'s Plans
GATES Inc. is moving forward with plans to tokenize $75 million worth of income-generating properties in Tokyo via its blockchain network Oasys. This effort is aimed at facilitating access for foreign investors to the Japanese real estate market.
Rise in OAS Trading
Following this announcement, the trading volume of the OAS token on exchanges increased by 25% in the last 24 hours.
Future of Real Estate Tokenization
GATES Inc. aims to tokenize assets worth $200 billion, accounting for 1% of Japan's $20.5 trillion real estate market. CEO Yushi Sekino stated that the company is focused on bridging the gap between real demand in Japan's real estate market and investor expectations.
The tokenization of assets via blockchain is gaining traction worldwide, and GATES Inc.'s initiatives could significantly impact this trend in Japan.