Japanese real estate investment firm GATES plans to tokenize $75.00 million in Tokyo properties on the Oasys blockchain

On July 11, CoinDesk reported that Japanese real estate investment firm GATES Inc. announced plans to tokenize $75.000 million worth of income-generating properties in central Tokyo using the Oasys blockchain, aiming to streamline the process for foreign investors to enter the Japanese real estate market. GATES stated that it will rapidly expand its scale, with the ultimate goal of tokenizing over $200.000 billion in assets, approximately 1% of Japan's $20.5 trillion real estate market. By placing ownership records on the blockchain, GATES aims to simplify the high legal costs, complex regulations, and language barriers faced by foreign buyers. [Deep Tide TechFlow]