Today Mitsui & Co Digital Asset Management (MDM) announced a collaboration with JFR card, a store card, allowing consumers to invest directly in tokenized real estate. The card is part of J Front Retailing which owns the Daimaru Matsuzakaya Department Stores as well as online retail outlets.
In May, MDM launched Alterna, a real estate tokenization offering, with each issuance as a digital security for a specific building. That’s not the interesting part. As an asset manager, it sells digital securities directly to retail investors. This is the sort of experiment we’re likely to see from asset managers in other jurisdictions in the future. That’s providing legislation supports it.
With JFR Card, consumers will be able to invest on a drip basis.
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