In Japan, various token securities products have been launched, including real estate, movie projects, and green bonds.
It has been pointed out that in order to pave the way for new capital liquidity using tokens, the relevant systems should be improved and the market should be actively developed.
On the 21st of this month, Mitsui & Co. began a public offering of real estate token securities based on the Ibis Osaka Umeda Hotel. The total amount of the public offering is approximately 2.23 billion yen. According to the industry, Japanese companies are small.
The company is reportedly conducting a public offering of large-scale token securities, ranging from 10 billion won (approximately 1.1 billion yen) for small ones to as much as 100 billion won (approximately 11 billion yen) for larger ones.
In Japan, token securities are being used in a variety of fields other than real estate, including film production and green bond issuance.
The company raised 368 million yen in token securities to cover production costs for the film adaptation of the novel "The Island." Marui Group raised 150 million yen by issuing green bond token securities.
The reason why Japan was able to expand the token securities market so rapidly is due to the speed of legislation. In May 2020, Japan passed an amendment to the Financial Instruments and Exchange Act.
In Japan, token securities are incorporated into the investment product system. In Japan, token securities are securities that can be transferred using electronic data processing, and the rights displayed on securities are represented as property values according to the Financial Instruments and Exchange Act.
The government has been praised for rapidly developing digital finance-related legislation, allowing large Japanese companies such as Mitsui & Co. to enter the token securities business.
While the average public offering size of real estate token securities in Japan is over 20 billion won (about 2.2 billion yen), Korea's is only one-tenth of that size.
The average public offering amount for real estate investment companies in the area was calculated to be about 1.8 billion won (about 198 million yen).
234 million won, Seongsu Kolon Tower 1 (1.76 billion won, approximately 193 million yen), Shindorim Pinpoint Tower 3 (1.41 billion won, approximately 2.57 billion yen),
155 million won), Grain Boundary Building (2.1 billion won), Sangam 235 Building (970 million won), Puk
Jung (Bukchon) Wol Ha-jae (978 million won/approx. 107 million yen), Hyundai Terra Tower DMC No. 1 (480 million won/approx. 53 million yen), Hee Won Kam
The Heewon Gamcheon Building (4.76 billion won/approximately 520 million yen) and others are listed. The market is seeing restrictions on the Korean token securities market due to insufficient regulations, and the public
The real estate investment industry has launched various products and is steadily promoting public offerings, but the scale and variety of real estate available for investment is insufficient compared to the global market.
According to the real estate investment industry, Lucent Block, Fambul, and Se Jeong Telecom are due to have their sandbox periods expire next year.
If the deadline for innovative financial services expires, it may become difficult to operate related businesses. A source in the token securities industry said, "The institutionalization of token securities is essential for the sustainable growth of the capital market.
"Blockchain is immutable and all transaction details are recorded and published in real time, enhancing transparency in the capital market," he said.
"If traditionally illiquid assets such as real estate and unlisted stocks are tokenized, it will be possible to increase liquidity in the capital market," he said.
"This could allow trading in decimal units, making it easier for investors to buy."
2024/11/23 07:17 KST
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