Japan’s third largest banking group Mizuho Trust & Banking plans to tokenize real estate and issue security tokens before the end of the year, according to the Nikkei. The Trust divisions of the two largest banking groups – MUFG Trust and Mitsui Trust – were involved in real estate security token issuances last year.
The country is one of the most advanced in terms of the adoption of security tokens by financial institutions, following changes in the law that came into effect in May 2020.
As with other banks, Mizuho hopes that tokenization will enable faster, more efficient token issuance and make the asset more liquid for investors.
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