The real estate investment firm Gates Inc. has announced plans to token for $ 75 million in income -generating property in Central Tokyo.
The company will carry out this step through its blockchain network called Oasys, which facilitates the access of foreign investors to the Japanese real estate market.
After this development, the total trade volume Oasys (OAS) at the stock exchanges has risen by 25% by 25% in the last 24 hours.
Gates said on Thursday that this step is just the beginning. In the long term, the company wants to token $ 200 billion in assets, equal to 1% of the $ 20.5 trillion real estate market of $ 20.5 trillion.
Tokenizing real estate assets (RWA) via blockchain continues to get a grip worldwide. As illustrated by Dubai, the tokenized real estate market alone will become $ 16 billion in 2033. According to a joint estimate of BCG and Ripple, the total value of all Tokenized assets, such as bonds and shares, could reach $ 18 trillion by 2033.
Gates CEO Yushi Sekino said: “With Gates we have long bridged the gap between the real demand in the Japanese real estate market and the expectations of investors. We will add value to the reliable real estate activa of Japan by tokens that combine profitability and functionality.
The company is working together with the Japanese OASYS network on the tokenization process. Oasys is a Layer-1 blockchain that was initially developed for the gaming industry and has recently shifted his focus to to the tokenization of real-world assets for traditional sectors such as real estate and finance.
*This is not investment advice.