Mitsui & Co. Digital Asset Management launches Japan’s first land-backed digital security
The post Mitsui & Co. Digital Asset Management launches Japan’s first land-backed digital security appeared on BitcoinEthereumNews.com. Japan just got its first digital security backed entirely by land rights, not a building, not a revenue stream from tenants, but the dirt itself. Mitsui & Co. Digital Asset Management has tokenized the leasehold interest beneath AEON Omiya, a large commercial facility in Saitama City, creating a new category of regulated real-world asset security in Asia’s second-largest economy. The underlying land is valued at approximately ¥8.6 billion, or roughly $55.6 million. Investors can buy in for as little as ¥100,000, which comes out to about $647, and the product carries an expected pre-tax annual yield of 3.4%. How the deal is structured The tokens are issued through the ALTERNA platform, which runs on a permissioned blockchain called “ibet for Fin.” It’s a private, regulated blockchain designed specifically for financial instruments in Japan. Legally, the