LIFULL Co., Ltd., operator of a Japanese real estate listing website “LIFULL HOME’S” has partnered with Securitize to offer digital securities based on real estate assets.
According to a note from Securitize, LIFULL and Securitize are emblematic of the evolution of the global digital securities industry. The new platform will enable issuers to create and manage real estate offerings by combining LIFULL’s connections to the Japanese real estate industry with Securitize’s full-stack compliance technology for digital securities.
Tsunahiro Matsuzaka, LIFULL Blockchain Group Leader, said their work with Securitize will help expand the adoption of blockchain technology within the real estate crowdfunding industry.
“The full-scale launch of the LIFULL security token issuance platform for real estate ventures, that is open to broader issuers and investors, is a tremendous accomplishment for both LIFULL and Securitize, and it validates our vision of Japan as a global leader in the adoption and development of digital securities,” stated Eiji Kobayashi, Country Head, Japan at Securitize.
Securitize added that secondary transactions will be available on the platform as well as it will facilitate transfers of digital securities between individuals, subject to applicable rules and restrictions.
LIFULL and its corporate group currently provide services in 63 countries worldwide.