Japanese merchant bank tokenizes real estate in Estonia !!!

Japanese merchant bank MBK tokenizes real estate in Estonia
Japanese merchant bank MBK, based inTokyo and listed on the Tokyo Stock Exchange, has signed an agreement on the tokenization of real estate in Estonia.

MBK stated that it would cooperate with those working inTallinn company BitOfProperty (BOP), which is already selling partial ownership of real estate to the country. The BOP said there are currently five properties in the capital with yields ranging from 5.3% to 6.59%.

BOP will be involved in the acquisition of real estate andwork with MBK to convert assets into blockchain-based tokens, which will then be sold through the Estonian company Angoo Fintech, acquired by MBK in May 2019.

MBK is active in the cryptocurrency industry andblockchain. Last month, the bank said it had signed an agreement with Hong Kong Stock Exchange-listed BS Securities to collaborate on offering equity tokens and support business development in Japan and China.

Tokenization in real estate is becoming everythingmore popular. Last month, startup AssetBlock launched a platform for trading commercial real estate assets tokenized on the Algorand blockchain. In addition, it recently became known that tZERO and Tezos are tokenizing real estate in the UK for a total of £500 million.

source: https: //bits.media/yaponskiy-torgovyy-bank-mbk-tokeniziruet-nedvizhimost-v-estonii/