DeFi· ★★★· bullish·

Daiwa fund to sell ¥30B of tokenized Tokyo Garden Terrace stakes to retail

  • —The deal is valued at over ¥300 billion, with Blackstone as seller
  • —MUFG Bank will hold roughly ¥90 billion of offices in trust
  • —About ¥30 billion of that will be issued as digital securities
  • —It is the largest single real estate ST issuance in Japan
Why it matters: The record issuance brings large-scale real estate, previously limited to institutions, to retail investors via blockchain-based securities.
Source: CoinDesk Japan
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