Crypto Garage Inc. (Crypto Garage), GREENING co.,ltd. (GREENING), and Decentier, Inc. (Decentier) form a basic agreement on the business alliance.
The 3 companies will plan and develop a platform for time-share real estate sales to create new lifestyles through the easy ownership/use of a wide variety of real estate.
The ownership/use rights of the subject property will be converted to tokens as *RWA, potentially improving liquidity and enhancing the property’s assets.

*RWA: Real World Asset stands. Specifically, it includes real estate, stocks, bonds, gold, and rare assets such as artwork and wine.

By leveraging the strengths of each company, we aim to create a web3 mass adoption in the RWA area. This timeshare real estate platform is the first step in this process.

■Background
With the recent diversification of forms of real estate ownership, timeshare-style real estate has been gaining attention. This has led to a rapid growth in the use of shared real estate among consumers seeking new lifestyles.

Crypto Garage provides enterprise digital asset financial services and technology development services based on blockchain technology. Leveraging its technical capabilities and knowledge of the financial industry, Crypto Garage contributes to solving clients’ issues and building future economic systems.

GREENING is involved in various hotel management forms, including Numazu Club, which was awarded “1 MICHELIN Key” by the Michelin Hotel Guide, MUSTARD HOTEL and BIRD HOTEL. It also operates GARDEN HOUSE in Kamakura, Shinjuku, Daikanyama, and Yokohama and produces numerous commercial facilities.

Decentier drives new business development, mainly in the RWA area, with the mission of “creating a world where all things can be exchanged on the blockchain” and collaborates with various clients.

By combining the strengths of 3 companies, the business alliance drives the development of an innovative timeshare real estate platform and creates a service that delivers new value to people’s lifestyles.

■Roles of each company
By leveraging the strengths of each company, the business alliance aims to promote “web3” for further mass adoption in the RWA domain. This timeshare real estate platform is the first step in this process.

■Company profiles
Crypto Garage, Inc.
Location: DG Bldg., 2-19-9 Ebisu Nishi, Shibuya-ku, Tokyo 150-0021
Established: September 2018
Representative: Masahito Okuma
Crypto Asset Exchange Registration Number: Kanto Finance Bureau 00029
Membership: Japan Virtual and Crypto asset Exchange Association
Global Digital Finance
Business: R&D and commercialization of financial services using blockchain
Website: https://cryptogarage.co.jp/en/

GREENING co.,ltd.
Location: 37-14 Udagawa-cho, Shibuya-ku, Tokyo
Established: December 2020
Representative: Masato Sekiguchi
Business: Produces and manages commercial facilities and restaurants, as well as PR and promotions for various brands and cultural areas.
Website: https://greening.co.jp/

Decentier, Inc.
Location: 801 Aobadai A House, 1-27-1 Aobadai, Meguro-ku, Tokyo
Established: February 2023
Representative: Shogo Kobata
Business: Consulting for strategic planning and promotion in the web3 area / Product development support and provision of in-house products
Website: https://decentier.co.jp/

【Note】
The RWA referred to in this press release is not considered a crypto asset, but it has the property that its acquisition and transfer will be recorded in blockchain. Although we provide services for RWA after sorting out the legal position of the rights to be recognized, there has yet to be an established practice or judicial precedent regarding the rights represented by tokens on the blockchain and the countervailing requirements for transferring them. Although we provide RWA services after defining the legal status of the rights to be described, there is no established practice or judicial precedent regarding the rights to be represented by tokens on the blockchain and the countervailing requirements for transferring such rights. In addition, crypto assets are not “legal tender” whose value is guaranteed by the government such as the Japanese yen or the U.S. dollar. Please note that crypto-assets do not necessarily have any underlying assets; they are merely electronic data recognized as having property value. The RWA and other tokens and crypto assets referenced in this press release are not guaranteed in terms of their value by the Financial Services Agency/Treasury Department or endorsed by us to hold such tokens or crypto assets. Please read the Terms of Service carefully, and if you have any questions, please consult with a specialist at your discretion before making a final decision on the transaction. In recent years, there has been an increasing number of consumer inquiries about crypto assets and fraudulent coins and tokens. Please be very careful of scams and illegal business practices that deceive you about crypto assets or take advantage of the introduction of the crypto asset exchange industry.