Japan STO Protects the Fate of Humanity

21 Oct 2020 — The populations of many countries are rapidly growing older. According to the Singapore Department of Statistics (DOS), in 2019, 1 in 7 Singaporeans (581,680) are aged 65 and above and by 2030, the number is projected to increase to 1 in 4 (900,000).

This is a truly global problem especially in high-income countries. Given the rise in ageing population and their dwindling birth rates, it is clear that more eldercare facilities are needed.

To resolve this, three Japanese firms have teamed up to launch what they said is the “first real estate securities token offering (STO) to the retail investors in Japan for a retirement home project in Hayama, Kanagawa Prefecture.

The collaboration represented a “big step toward the large-scale use of STOs” in Japan and involves security token specialist Securitize, advertising firm and LIFULL HOME’S property listing website operator Lifull and real estate agency Enjoyworks.

Through the token economy, such private-sector led incentives to retirement homes can be created. The fractional ownership and easy access to security tokens through exchanges will appeal to investors, increasing private capital into such meaningful projects.
#Propine #digitalsecurities #digitalassets

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