Japanese real estate investment firm Gates Inc. is set to tokenize $75 million worth of properties in central Tokyo on the Oasys blockchain, marking one of Japan’s largest real estate tokenization projects to date. Announced Wednesday, this partnership signifies a significant milestone for both companies. Gates aims to eventually tokenize assets exceeding $200 billion, roughly 1% of Japan’s total real estate market, while Oasys seeks to extend its reach beyond gaming into real-world asset (RWA) tokenization. Gates reported $145 million in revenue for 2024 and featured on the Financial Times' “High-Growth Companies Asia-Pacific 2023” list. The firm is currently conducting a Nasdaq roadshow following the filing of its F-1 prospectus. Gates CEO Yushi Sekino told Cointelegraph that the company has secured all necessary financial and real estate business licenses in Japan. The RWA initiative will be executed via a special purpose vehicle (SPV) established overseas.

“We are actively preparing to ensure full compliance with local regulations and obtain the required licenses in relevant jurisdictions through a strong partnership, ” he explained. Ryo Matsubara, founder and representative director of Oasys, stated to Cointelegraph that the Oasys team is “building a token economy that automatically reinvests returns to maximize compounding effects. ” The companies plan to expand this tokenization model internationally, targeting markets in the United States, Europe, the Philippines, and other parts of Asia. In the future, the project might also include tokenized Japanese intellectual property, such as assets related to gaming and anime. Real estate tokenization is rapidly advancing Global interest in real estate tokenization has surged recently. In Dubai, tokenized real estate sales have reached $18 billion, while New Jersey has started digitizing property deeds valued at $240 billion. According to an April 26, 2025 report from the Deloitte Center for Financial Services, the global tokenized real estate market is projected to exceed $4 trillion by 2035, rising sharply from under $300 billion in 2024. This represents a compound annual growth rate (CAGR) exceeding 27%. Polygon Labs CEO Mark Boiron told Cointelegraph on March 3 that tokenization is set to transform real estate investing by addressing liquidity challenges that cause illiquidity discounts, potentially boosting market liquidity. As tokenization gains momentum, institutional investors are showing growing interest. On June 5, Pan-European fund manager APS acquired $3. 4 million worth of tokenized real estate assets through MetaWealth’s blockchain-based investment platform.