Collaboration to Establish “MF Share Komagome Residence (Restricted Transfer)” a Real Estate Fund Utilizing Security Tokens

May 22, 2023
Marubeni Corporation

Marubeni Corporation (hereinafter, “Marubeni”) will collaborate on the Security Token Offering (STO) and operation of security tokens*1 for rental housing located along the Yamanote Line (hereinafter, the “Collaboration”) with Mitsubishi UFJ Trust and Banking Corporation (hereinafter, “MUTB”) and SBI Securities Corporation (hereinafter, “SBI Securities”), with Marubeni’s wholly-owned subsidiary Marubeni Asset Management Co., Ltd. (hereinafter, “MAM”) serving as asset manager under STO.

The Collaboration involves the securitization of a small lot of top-quality urban apartment buildings developed by Marubeni Real Estate Development Corporation, a wholly-owned subsidiary of Marubeni Corporation, and located within one minute’s walk of Komagome Station on the JR Yamanote Line. By utilizing “Progmat”, a platform for issuance and management of various digital assets provided by MUTB, the security token “MF Share Komagome Residence (Restricted Transfer) ” will be issued. This will enable small investments in real estate, thus simplifying a procedure which has traditionally been associated with significant red tape.

“MF Share Komagome Residence (Restricted Transfer)” is the first project in which MAM will be entrusted with asset management services for a real estate fund structured with security tokens, and Marubeni will make a partial same-boat investment*2 as the shareholders of MAM. 

MF Share Komagome Residence (Restricted Transfer) MF Share Komagome Residence (Restricted Transfer)

Marubeni has expanded its assets under management in the real estate asset management business, both of listed and private real estate investment trusts (REITs), to over 1 trillion yen, and to approximately 150 billion yen in private funds (both figures as of April 30, 2023). Marubeni will continue to provide attractive real estate financial products and excellent investment opportunities that meet investor needs, based on the sustainable growth of our listed and private REITs, and utilizing know-how accumulated through development, management, and financial businesses involving real estate.

*1 Securities issued electronically using distributed ledger technology such as blockchain technology
*2 The asset management company or its sponsor purchases and holds the investment portion of a fund formed by the asset management company.

MF Share Komagome Residence (Restricted Transfer) Property Details
Property Name: GRAND-ALIES Komagome
Location: 3-1-8 Komagome, Toshima-ku, Tokyo
Access: Approximately a 1-minute walk from Komagome Station on the JR Yamanote Line
Property Type: Apartment building and retail store
Total units: 42 units, 1 retail store
Completed: November 13, 2020
Marubeni Asset Management Corporation Overview
Location: 5F Otemachi Building, 1-6-1 Otemachi, Chiyoda-ku, Tokyo
Establishment: November 14, 2007
Shareholders: Marubeni Corporation (100%)
Representative: Yoshiyuki Yokoyama, Representative Director
Main Businesses: Investment management business, investment and advisory agency business, Type II financial instruments business, sales and management of real estate and trust beneficiary rights, leasing, operation, brokerage, consulting, etc.
Mitsubishi UFJ Trust and Banking Corporation Overview
Location: 1-4-5, Marunouchi, Chiyoda-ku, Tokyo
Establishment: March 10, 1927
Shareholders: Mitsubishi UFJ Financial Group, Inc.
Representative: Iwao Nagashima, President and CEO
Main Businesses: Banking, asset management and administration, real estate brokerage, stock transfer agency services, inheritance-related services, etc.
SBI Securities Corporation
Location: 1-6-1 Roppongi, Minato-ku, Tokyo
Establishment: October, 1999 (Internet trading started)
Shareholders: SBI Holdings, Inc.
Representative: Masato Takamura, President and Representative Director
Main Business: Online general securities

This document is a press release serving solely for the purpose of announcing to the general public the handling of asset-backed security tokens using a beneficiary certificate issuing trust scheme, and is not intended as an offer or solicitation for individual financial products, whether in Japan or overseas. Offers and solicitations for individual products are made by means of prospectuses through securities companies that handle such products.

Denotation under Financial Instruments and Exchange Act, etc.
Trade name, and related: SBI Securities Corporation. Financial Instruments Business Operator, Commodity Futures Business Operator
Registration Number: Director-General of the Kanto Local Finance Bureau (Kinsho) No. 44
Member Associations: Japan Securities Dealers Association; The Financial Futures Association of Japan; Type II Financial Instruments Firms Association; Japan Security Token Offering Association; Commodity Futures Association of Japan