Japanese real estate investment firm Gates Inc. announced a major milestone: tokenizing $75 million worth of prime central Tokyo properties on the Oasys blockchain.
According to an announcement issued Wednesday, the Gates Group Corporation is partnering with Oasys blockchain to execute this significant project. This marks one of the largest real estate tokenization undertakings within Japan as of yet.
The collaboration signifies a significant advancement for both entities. Gates aims to tokenize approximately $200 billion. This amount represents about 1% of Japan’s overall real estate market value, showcasing a substantial ambition. Concurrently, Oasys intends to broaden its reach beyond its traditional gaming sector into real-world asset (RWA) tokenization.
Gates generated approximately $145 million in revenue during 2024. The firm previously featured on the Financial Times’ “High-Growth Companies Asia-Pacific 2023” list. Furthermore, Gates has recently filed a registration statement prospectus for an initial public offering (IPO) on Nasdaq.
Gates CEO Yushi Sekino informed CoinTelegraph that the company has obtained the required financial and real estate business licenses from Japanese authorities. The specific tokenization initiative will operate through a Special Purpose Vehicle (SPV) organized under foreign law. Sekino elaborated, “We are proactively preparing to guarantee full adherence to local legal frameworks and obtain necessary authorizations in the pertinent areas, leveraging a robust collaborative framework.”
Oasys founder Ryo Matsubara conveyed to Cointelegraph that the blockchain platform aims to facilitate “constructing an economy where tokenized returns automatically initiate reinvestment cycles, thereby maximizing compounding benefits.”
Both participating organizations have stated intentions to utilize this tokenization model across international markets. The target regions encompass the United States, Europe, the Philippines, and other Asian territories. In the longer term, high-value Japanese intellectual property such as digital rights associated with gaming and anime could potentially undergo tokenization through this vehicle.
Real estate tokenization is accelerating
International enthusiasm for tokenized real estate is experiencing notable acceleration. Major platforms in locations like Dubai have reported $18 billion in tokenized real estate sales, while initiatives such as New Jersey’s digitization of $240 billion in property deeds demonstrate broader adoption.
A comprehensive report from Deloitte’s Center for Financial Services, dated April 26, 2025, projects the global market for tokenized real estate will increase dramatically, forecasted to reach in excess of $4 trillion by 2035. This represents a shift from the roughly $300 billion recorded in 2024. The period will witness a compound annual growth rate exceeding 27%.
Polygon Labs CEO Mark Boiron, speaking with CoinTelegraph in March, articulated tokenization’s transformative potential for real estate. He highlighted illiquidity as a primary challenge within real estate markets, suggesting tokenization could offer a crucial solution by enhancing asset market liquidity.
The accelerating adoption of tokenization by institutional money managers is another clear signal of maturing markets. An illustration of this emerged on June 5, when European fund manager APS invested $3.4 million into tokenized real estate assets facilitated via MetaWealth’s blockchain investment platform.
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