Japanese Real Estate Firm GATES to Tokenize $75M in Tokyo Property on Oasys Blockchain

GATES Inc., a Japanese real estate investment firm, announced plans to tokenize $75 million worth of income-generating properties in central Tokyo using the Oasys blockchain. The MOVE aims to simplify foreign investment in Japan's real estate market, which often involves high legal costs and regulatory complexities.

The company has ambitious expansion targets, with a long-term goal of tokenizing over $200 billion in assets—equivalent to 1% of Japan's $20.5 trillion property market. Real-world asset tokenization is gaining global traction, with Dubai projecting a $16 billion market for tokenized property by 2033. BCG and Ripple estimate the broader tokenized asset market could reach $18 trillion in the same timeframe.

GATES, which reported $145 million in revenue last year, is the first major Japanese firm to undertake such a large-scale property tokenization initiative. The company has also filed paperwork for a potential Nasdaq listing, signaling its growth ambitions.