Today, Securitize announced it created a Japanese real estate investment platform using digital securities in collaboration with LIFULL and LIFULL Social Funding. Securitize is the tokenization firm backed by Sony Financial Ventures, Nomura and MUFG. The new project aims to promote real estate crowdfunding using blockchain.
Japan-based real estate information services provider LIFULL is listed on the Tokyo Stock Exchange with a market capitalization of $470 million. LIFULL has about 14 different affiliated businesses and subsidiaries that serve the Japanese real estate market. One of them, LIFULL Home, is not dissimilar to Zillow.
Two other subsidiaries focus on rural Japan. LIFULL Revitalize says one in three rural houses will be abandoned by 2033 and focuses on refurbishment. And LIFULL Social Funding is targeted at regional revitalization by encouraging investment in rural homes, which is the aim of the Securitize project.
Article continues …
Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.
