Marubeni Asset Management, Mitsubishi UFJ Trust and Banking, and SBI Securities Collaborate on Real Estate Security Token | coindesk JAPAN | Coindesk Japan

Marubeni Asset Management, Mitsubishi UFJ Trust and Banking, and SBI Securities announced on May 22 that they will cooperate in public offering and operation of security tokens (ST, so-called “digital securities”) for investment in residences located along the Yamanote Line. .

Marubeni Asset Management utilizes information obtained from the wide range of business areas of the Marubeni Group to develop the real estate fund business. The scale of assets entrusted to MAM is approximately 500 billion yen.

Furthermore, we are working to diversify the financing methods of real estate funds, and as part of this, we have formed a real estate fund that utilizes security tokens (digital securities), which realizes small-scale investment and simplification of procedures based on blockchain technology. . SBI SECURITIES will serve as the lead underwriter, and Mitsubishi UFJ Trust and Banking’s “Progmat” will be used as the blockchain platform, and the bank will also be the trustee of the investment target assets.

The rental residence “Grand Ale Komagome”, which was developed by Marubeni Urban Development and is located a minute’s walk from Komagome Station, will be the first public offering.

Grand Ale Komagome

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Image | From the release