Japanese Real Estate Firm to Tokenize $75 Million Worth of Tokyo Property on Oasis (OAS) Chain
JH Kim
Summary
- GATES Inc. announced plans to tokenize Tokyo real estate valued at approximately $75 million using the Oasis (OAS) blockchain.
- GATES Inc. stated that, starting with this project, its goal is to expand tokenized assets to up to $20 billion.
- Through this project, the Oasis Chain demonstrates its strategic shift toward a real-world asset (RWA)-centered business.
According to CoinDesk, a virtual asset (cryptocurrency) specialty media outlet, on the 10th (local time), Japanese real estate developer GATES Inc. is planning to tokenize Tokyo real estate worth approximately $75 million using the Oasis (OAS) blockchain.
GATES Inc. aims to expand the scale of tokenized assets to as much as $20 billion in the future, starting with this project.
The Oasis Chain initially launched as a blockchain specialized for gaming, but has recently shifted its business focus in Japan to intellectual property (IP) and real-world assets (RWA). This project is evaluated as a representative example symbolizing the strategic transformation of the Oasis Chain.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
![[Exclusive] KakaoBank meets with global custody heavyweight…possible stablecoin partnership](https://media.bloomingbit.io/PROD/news/a954cd68-58b5-4033-9c8b-39f2c3803242.webp?w=250)
