Tosei Corporation TSE:8923
Tosei : Notice of TOSEI Property Fund (Series 3) Ichigaya (Digital Transfer Method) to be handled Through “START,” a Proprietary Trading System Operated by ODX
Source: MarketScreener
【To whom it may concern】
TOSEI CORPORATION
September 4, 2024
Notice of TOSEI Property Fund (Series 3) Ichigaya (Digital Transfer Method) to be handled Through "START,"
a Proprietary Trading System Operated by ODX
TOSEI CORPORATION (Head Office: Minato-ku, Tokyo; President and CEO: Seiichiro Yamaguchi; Securities Code: 8923) (the "TOSEI") announced that it has decided to start that the real estate security token (the "ST") "TOSEI Property Fund (Series 3) Ichigaya (Digital Transfer Method) ("the ST") (*1) will be handled on "START," a proprietary trading system operated by Osaka Digital Exchange Co., Ltd. (the "ODX").
The ST will be a real estate security token that forms the trusts with certificates of beneficial interests with real estate trust beneficial interest backed by LIERRE ICHIGAYA, an office and residential complex located in Ichigaya, Shinjuku-ku, Tokyo as the trust asset, whose securities and transaction information for the beneficial interest will be managed using "Progmat." (*2) With a total issuance amount of 1.74 billion yen in the public offering of security tokens, the ST utilizes digital technology to provide general investors with the opportunity to invest in a single property (an office and residential complex) in small lots.
ODX was established in April 2021 for the purpose of improving investor convenience and helping companies raise funds flexibly by developing distribution and redemption opportunities. In June 2022, ODX began operating a proprietary trading system for stocks, providing investors with more execution opportunities. In December 2023, ODX has started operating "START," the first secondary ST market in Japan, and this is the main purpose of ODX's establishment. "START" is a licensed proprietary trading system (licensed PTS) approved by the Financial Services Agency as a proprietary trading system for ST trading. ODX is promoting the spread of ST in order to increase its liquidity and further penetrate and develop it as an investment vehicle for individual investors.
The ST is scheduled to start handling on September 18, 2024. By making secondary trading possible on the "START," investors can expect to enjoy greater convenience by diversifying their trading options and improving the transparency of information, including trading prices.
TThe TOSEI Group will integrate DX into its real estate revitalization business and real estate funds and consulting business to further promote DX through its business, and attempt to diversify fund procurement methods and exit strategies, which are the source of business growth, and investment opportunities in real estate for investors. Through these efforts, we will continue to provide attractive products to investors and contribute to the expansion of ST market.
*1 For more information on the ST during the management period, please refer to the website operated by Tosei Asset Advisors, Inc.
- https://sto-4.tosei-asset.co.jp/
*2 Regarding "Progmat": Digital asset publishing and management platform licensed by Progmat, Inc.
The website and explanatory article are available at the following URL.
- Website：https://progmat.co.jp/
- Explanatory article：https://note.com/tatsu_s123/n/n03a291fa52ab
Name of the product | TOSEI Property Fund (Series 3) Ichigaya (Digital transfer system) |
Investment property |
Beneficial interest in real estate management and disposition trust with "LIERRE ICHIGAYA" as the trust asset |
Number of units issued / Total amount of issue | 17,400 units / 1.74 billion yen |
Issue price / Application unit | 100,000 yen per unit / 10 units or more in increments of 10 units |
Management period |
About 5 years and 2 months (in principle) |
Type of securities offered | Security tokens representing beneficial interests in trusts with certificates of beneficial interests |
Issuer |
Beneficiary： Token Three LLC |
Asset manager | Tosei Asset Advisors, Inc. |
Handling company | Tokai Tokyo Securities Co., Ltd. |
Lender | Sumitomo Mitsui Banking Corporation |
Platform | Progmat |
*The application process has been closed.
The Definition of Security Token| Terms | Definition |
|
Security Token (ST, Digital Securities) | Financial instruments (securities) issued and managed using digital technology represented by the blockchain which corresponds to the category of "Electronically Recorded Securities Representation Rights, etc." as defined in the Financial Instruments and Exchange Act |
|
Security Token Offering (STO) | Fundraising by issuing security tokens to investors which is regulated by the Financial Instruments and Exchange Act |
|
Real Estate Security Token (Real Estate ST) | A security token that is issued backed by real estate-related assets. STOs using real estate STs are called real estate STOs. |
- This document is intended for general publication regarding Tosei Property Fund (Series 3) Ichigaya (Digital transfer system) and is not intended for solicitation for investment in individual financial instruments, either in Japan or overseas.
＜TOSEI CORPORATION Corporate Data＞
Contact
Tosei Corporation
Corporate Management Department
Public Relations / Sustainability Promotion Section
+81-3-5439-8807
- Notice of TOSEI Property Fund (Series 3) Ichigaya (Digital Transfer Method) to be handled Through "START," a Proprietary Trading System Operated by ODX（PDF：265KB）