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Japanese Real Estate Company GATES to Tokenize $75 Million Tokyo Property on Oasys Platform
Summary: According to Coindesk, Japanese real estate company GATES Inc. has announced plans to tokenize a $75 million Tokyo city center property using the Oasys blockchain, with intentions to scale up to $200 billion, capturing about 1% of the Japanese real estate market. GATES stated that this move aims to simplify the entry process for foreign ...
According to Coindesk, Japanese real estate company GATES Inc. has announced plans to tokenize a $75 million Tokyo city center property using the Oasys blockchain, with intentions to scale up to $200 billion, capturing about 1% of the Japanese real estate market. GATES stated that this move aims to simplify the entry process for foreign investors, overcoming language, legal, and intermediary barriers. The tokens will be issued through a regulated special purpose vehicle. The Oasys network, previously focused on gaming, is now expanding into the asset tokenization field.
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Link: Japanese Real Estate Company GATES to Tokenize $75 Million Tokyo Property on Oasys Platform [Copy]
