Mitsui & Co Digital Asset Management announced plans to issue regulated digital asset securities linked to real estate. Initially, it will launch the ‘Alterna’ platform targeted at professional investors in the Autumn. However, it also intends to enable retail offerings in due course.
In Japan, most conventional products offering exposure to real estate are sold in a face-to-face manner. Hence securitizing unlisted real estate as a digital asset is part of a digital transformation initiative. Mitsui wants to transform various parts of the fund management process, particularly for real estate, including fund creation, management and sales.
Initially, the Alterna solution will launch as a beta version limited to 20-30 participants. Today it announced it had completed registration as a ‘financial instruments’ business.
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