MBK, a Tokyo-based investment bank listed on the Tokyo Stock Exchange, has signed an agreement for the creation of properties in Estonia.
The Japanese finance company announced Monday in an announcement that it would work with BitOfProperty (BOP), a Singapore-based company incorporated in Singapore, which already sells a fraction of real estate ownership in the EU member state. BOP said five properties currently located in the country's capital were between 5.3 and 6.59 percent.
According to the announcement, BOP will be responsible for the acquisition of the properties. He will work with MBK to convert the assets into chips based on block chains, which will then be exchanged via Angoo Fintech, an Estonian company that was acquired by MBK in May 2019.
Angoo Fintech was scheduled to open its platform at the end of August, but was forced to delay due to regulatory compliance issues.
MBK has been active in crypto and blockchain space. In 2017, she created MBK Asia with BtcBox, a Japanese stock exchange created in 2014 and registered with the Kanto Finance Bureau.
Last month, MBK announced that it had signed an agreement with BS Securities, a Hong Kong-listed company, to cooperate in the field of security token offerings and support business development in Japan and China.
Founded in 1947, MBK was primarily specialized in investing in Japan and China and had interests in a hotel, a bowling alley and a cybercafé in Japan.
Tallinn landscape image via Shutterstock