Yesterday bank-backed startup Digital Securities announced its second tokenized real estate issuance in Japan. Sumitomo Life was the primary institutional investor and a Blackstone real estate fund underpins the tokenization. Digital Securities’ backers are Marubeni and regional Joyo Bank. The bank lent money to the tokenization structure.
There are already several real estate tokenizations in Japan, but many target retail investors and relate to a specific building. In contrast, the Digital Securities tokens currently target only institutional investors. Nagoya Bank was the investor in the first security token.
Both of Digital Securities’ security tokens were underpinned by a Blackstone Group real estate fund where the fund investment is put into a trust. We believe Blackstone only targets qualified institutional investors in Japan.
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