Japan-based real estate investment firm GATES Inc. announced plans to tokenize $75 million worth of income-generating properties located in central Tokyo. The company will carry out this step through its blockchain network called Oasys, thus aiming to facilitate foreign investors' access to the Japanese real estate market. Following this development, the total trading volume of Oasys (OAS) on the exchanges increased by 25% in the last 24 hours. GATES said Thursday that this move is just the beginning. Over the long term, the company aims to tokenize $200 billion worth of assets, equivalent to 1% of Japan's $20.5 trillion real estate market. Related News: Prominent Crypto Analyst Reveals 65% Loss in Altcoins: Shares His Portfolio Tokenizing real estate assets (RWA) via blockchain continues to gain global traction. As exemplified by Dubai, the tokenized real estate market alone is expected to reach $16 billion by 2033. According to a joint estimate by BCG and Ripple, the total value of all tokenized assets, such as bonds and stocks, could reach $18 trillion by 2033. GATES CEO Yushi Sekino said, “At GATES, we have long been bridging the gap between real demand in Japan's real estate market and investor expectations. We will add value to Japan's reliable real estate assets through tokens that combine profitability and functionality. We are building a new generation of investment infrastructure for global investors.” The company is working with the Japanese-based Oasys network on the tokenization process. Oasys is a layer-1 blockchain initially developed for the gaming industry and has recently shifted its focus to tokenizing real-world assets for traditional sectors like real estate and finance. *This is not investment advice. Continue Reading: Surprise Altcoin Makes a Push in Japan: Preparing to Take a $75 Million Step
