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- 🎉 Gate Square Growth Points Summer Lucky Draw Round 1️⃣ 2️⃣ Is Live!
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Japan's Gate will encrypt 75 million dollars of real estate in Tokyo on the Oasys blockchain.
The Japanese real estate investment company Gates Inc. will convert 75 million USD worth of real estate in Tokyo into tokens on the Oasys blockchain, marking one of the largest initiatives for real estate conversion in Japan. Gates plans to convert over 200 billion USD in assets, accounting for about 1% of the Japanese real estate market, as Oasys expands into the real asset sector (RWA).
Gate CEO, Yushi Sekino, stated that the company has the necessary licenses in Japan and the project will be carried out through a special purpose vehicle (SPV) overseas. Global interest in real estate tokenization is surging, with sales in Dubai reaching 18 billion USD. It is forecasted that the tokenized real estate market could exceed 4 trillion USD by 2035.