Digital Securities Preparatory Co., Ltd.*1 (hereinafter, ‘DS’), in which Marubeni Corporation (hereinafter, ‘Marubeni‘) has invested, and Ownership Co., Ltd. (hereinafter, ‘OS’), a system subsidiary of DS, have established a real estate STO*2 fund for qualified investors as of December 16, 2022 with the aim of pursuing tokenization of silent partnership equity interests using ‘Ownership’, a blockchain system developed by OS, after renga No. 0 LLC established by DS submitted a notification of Specially Permitted Businesses for Qualified Institutional Investors, etc.*3
(1) ASSETLEAD Inc., a shareholder of DS, sold the property, (2) The Joyo Bank, Ltd., which has invested in DS through J-Raise Investment Limited Partnership, a CVC (Corporate Venture Capital) fund, provided a non-recourse loan*4, and (3) Mizuho Marubeni Leasing Corporation, a 50% owned subsidiary of Marubeni Corporation, participated as a qualified institutional investor.
This is the first initiative in Japan to establish a real estate STO fund in which silent partnership equity interests are converted into security tokens. The five companies will strive to achieve next-generation real estate securitization products offering that contribute to stable asset building, in order to soundly promote the government’s ‘shift from savings to investment’ policy.
1. DS is preparing to launch its real estate STO business, which will allow real estate to be converted into security tokens using blockchain technology, with the aim of providing next-generation financial products that will enable anyone to become a wealthy person.
2. Real Estate STO (Security Token Offering) business
STO is a method of raising funds by issuing ‘security tokens’ (digital securities) that are issued electronically using distributed ledger technology represented by blockchain technology. Real estate STOs are digital securities whose underlying assets are real estate or rights related to real estate and are attracting attention as a…
