Japanese Bank to Tokenize Real Estate in Estonia
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31 October
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Japanese Merchant Bank MBK Co. Ltd., which is listed on the Tokyo Stock Exchange, has issued an official statement according to which the bank signed a partnership with BitOfProperty (BOP), an Estonia-based platform in order to collaborate on security tokenization (STO) of Estonian real estate.

"We're happy to announce that we've agreed to work together with the Estonian cryptoccurrency exchange Angoo Fintech," states the announcement.

Thanks to the partnership, BOP will purchase the real estate, while MBK will convert the assets into the blockchain-based tokens, which will then be traded via Angoo Fintech.

Japan Says Crypto Donations are Legal

MBK has been active in the crypto-related and blockchain space since 2017. Back then, the bank formed a joint product with BtcBox, a Japanese exchange that was established in 2014 and registered with the Kanto Finance Bureau.

Earlier iHodl reported that tZERO Group, Inc. announced it plans to tokenize approximately $640 million of real estate projects of Alliance Investments’ River Plaza across the UK.

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