Japanese real estate investment firm GATES has announced its intention to tokenize over $200 billion worth of income-generating properties using the Oasys blockchain.
The initiative will launch with an initial tokenization of $75 million in properties located in central Tokyo, aiming to make Japan’s real estate market more accessible to international investors.
The announcement on Wednesday revealed that GATES plans to eventually tokenize about 1% of Japan’s total real estate market on-chain.
This move marks a significant shift for Oasys, a blockchain platform primarily known for its work in gaming, as it expands into the real-world asset (RWA) tokenization sector.
Both GATES and Oasys indicated that their new model for tokenized real estate will not stop in Japan.
They plan to scale globally, targeting real estate markets in the U.S., Europe, and other regions in Asia.
In 2024, GATES generated approximately $145 million in revenue and earned a spot on the Financial Times’ “High-Growth Companies Asia-Pacific” list for the second consecutive year.
According to the companies, the traditional real estate investment landscape has long been difficult for foreign investors, primarily due to legal complexities, language barriers, and costly attorney fees.
Tokenizing GATES’ properties will help eliminate these barriers by enabling global investors to purchase fractional ownership via “simple Web3 wallet transactions conducted on decentralized exchanges.”
“GATES has long bridged real demand and investor needs in Japan’s property market,” said GATES CEO Yuji Sekino.
“Through this initiative, we will add firm value to Japan’s highly reliable real-estate assets by means of tokens that combine profitability and utility, building next-generation investment infrastructure that allows global investors easy access to Japanese assets,” he added.
Real estate tokenization is accelerating as blockchain infrastructure matures and more retail investors look for borderless investment opportunities.
A report published in April by the Deloitte Center for Financial Services projects that the global tokenized real estate market will grow from $300 billion in 2024 to over $4 trillion by 2035.
In Dubai, tokenized property sales hit $18 billion by May 2025, fueled by favorable regulatory developments.
Earlier that month, MultiBank Group, real estate giant MAG, and blockchain firm Mavryk signed a $3 billion RWA agreement.
On May 25, the Dubai Land Department, in collaboration with the Central Bank of the UAE and the Dubai Future Foundation, launched a government-backed platform allowing investors to buy tokenized shares in ready-to-own properties in Dubai.