Gates Inc. announced the tokenization of $75 million worth of real estate in central Tokyo, representing one of the largest tokenization initiatives in the country.
Partnership Between Gates and Oasys
The partnership announced on Wednesday between Gates Inc. and the Oasys blockchain platform marks a significant step in asset tokenization. Gates plans to eventually tokenize over $200 billion worth of assets.
Tokenization Goals
Gates CEO Yushi Sekino stated that the company has secured all necessary licenses for real estate business in Japan. The tokenization will be executed through a special purpose vehicle established overseas.
Global Trends in Real Estate Tokenization
Global interest in real estate tokenization has surged. The tokenized real estate market is expected to grow to over $4 trillion by 2035.
The initiative for real estate tokenization by Gates Inc. on the Oasys platform highlights the growing popularity of this approach in investments and the anticipated changes in the global real estate market.
