Japan GATES and Oasis Blockchain launch large-scale ”Tokyo Real Estate” tokenization project

Japanese real estate investment company GATES has announced one of the largest real estate tokenization projects underway locally. The first phase alone aims to increase liquidity by $34 billion (approximately 5 trillion yen).
Cointelegraph reported on the 10th (local time) that GATES is working with Oasys Blockchain to develop a blockchain-based blockchain platform for 7,500 properties in central Tokyo.
GATES has announced a large-scale project to tokenize over $200 billion (approximately 30 trillion yen), i.e. the Japanese real estate market.
With plans to tokenize around 1% of the market, Oasis is at a critical juncture as it expands from its games-centric blockchain into the real-value assets (RWA) space.
GATES is expected to record sales of $145 million in 2024 and has been included in the Financial Times' list of "Asia Pacific High Growth Companies 2023."
The company is currently in the process of going through a roadshow to list on the Nasdaq, and has submitted its F-1 listing documents. In an interview with Cointelegraph, GATES CEO Yushi Sekino said,
We have obtained all the necessary financial and real estate business licenses in Japan, and this RWA project will be carried out through a special purpose corporation (SPV) established overseas."
"We are thoroughly preparing for the licensing and legal procedures to fully comply with local regulations," added CEO Yushi Sekino. Oasis founder Ryo Matsubara said, "We will automatically reinvest profits.
The two companies plan to expand the tokenization model starting in Japan to the U.S., Europe, the Philippines, and across Asia.
In the long term, the plan is to also include Japanese intellectual property (IP) such as games and animations as targets for tokenization.