Real assets as tokens…RWA Market Prep ‘Speed’
Interest in RWA to Tokenize Real Assets ↑
Korea-Japan Digital Asset Exchange Collaborates
Held RWA Showcase on the 12th of Haiti Sen
Casa TE Distribution Center Sold…Return of 9.72%
This article has been translated into English through AI.
Capital markets are increasingly interested in real-world assets (RWA), which implement real-world assets such as government bonds, bonds, stocks, and real estate as tokens using blockchain technology. There are also token securities (ST) companies that focus on RWA while operating a digital asset exchange, and prepare a showcase directly to see and invest in real assets.
Busan-Osaka Digital Asset Exchange Cooperation
According to sources in the token securities issuance (STO) industry on Thursday, the Busan Digital Asset Exchange (BDX) and the Osaka Digital Asset Exchange (ODX) have agreed to collaborate in relation to the RWA and STO. The company aims to create new added value through cooperation between the Korea-Japan exchanges and secure publicity and reliability. ODX is Japan’s first token securities exchange that opened late last year.
BDX and ODX drew up a memorandum of understanding for mutual cooperation and detailed ways to promote exchanges. It is known that the two exchanges have formed a consensus that the market should be expanded through exchanges of trading stocks and investments as they can lead the STO market in Korea and Japan.
“Busan and Osaka have a lot in common as the second largest cities in Korea and Japan, and the two exchanges also operate exchanges mainly related to local governments and RWA,” said Kim Sang-min, CEO of BDX. “If the two exchanges in Korea and Japan cooperate in the game and content sectors, they will create significant economic added value and help each other develop.”
RWA Showcase to Invest in Real Life will be held on the 12th of this month
IT service company Itisen will hold an RWA showcase on the 12th with its affiliate, RWA developer Creder. At this showcase, digital art-related RWA products and real objects will be displayed simultaneously among the products registered on the Malaysian Digital Asset Exchange Green X. The exhibits are ceramics and jewelry, including ceramics that are more than 100 years old, and the price of the works ranges from 1 million Hong Kong dollars to 2.8 million Hong Kong dollars.
The showcase will be held as a networking event where ordinary investors, domestic and foreign industry experts and influencer visit as expensive artworks are released. Famous Japanese-listed auction company SHINWA AUCTION, Hong Kong-based fine art asset manager Taishan, and Malaysia’s KSGems will also participate.
Itisen explained that the showcase will be held to expand access to RWA and enhance understanding. Earlier, Itisen launched gold mining and rare earth token securities (ST) in partnership with Malaysia’s digital exchange GreenX through the DeFi platform Gold Station operated by Creder.
Casa Finishes Sale Of TE Logistics Center…Accumulated return of 9.72%
Casa, a real estate sculpture investment platform, has completed the sale of TE Logistics Center, which was the sixth public offering building. TE Logistics Center was listed for a total of 23 months after the public offering in June 2022, and the final cumulative return was 9.72% based on the public offering price, including eight rental dividends.
In April, Casa held a general meeting of beneficiaries for holders of real estate digital beneficiary securities (DABS) at the TE Logistics Center to vote on whether to sell them or not. As a result of the vote, 92.9% of the total 2.4 million dabs holders participated in the vote, of which 97.8% of the votes were approved, and the sale process began. It is the third case of sale after Yeoksam Korea Technology Center and Yeoksam Londonville. The cumulative returns of the buildings were 12.24% and 14.76%.
Meanwhile, there are opinions in the industry that it is necessary to pay attention to the Japanese market to revitalize the domestic STO market. On December 25, 2023, Japan ODX began its token securities distribution business by listing real estate beneficiary securities tokenization products.
Shim Soo-bin, a researcher at Kiwoom Securities, said, “As the structure of the Japanese token securities market is similar to the domestic guidelines, it is necessary to look at the future trends. Japan has prepared a ground law to regulate the digital asset market through the revision of the Money Settlement Act and the Financial Products Transaction Act twice in 2016 and 2019.” He added, “In Korea, it is also necessary to revise the bills related to token securities as soon as possible.”