Tassuk Co., Ltd. (Head Office: Minato-ku, Tokyo; President and CEO: Koji Murata; hereinafter referred to as Tassuk), a group company of TASUKI HOLDINGS Inc. (Head Office: Minato-ku, Tokyo; President and CEO: Yu Kashiwamura), has joined the Real Estate ST Incubation Consortium (Secretariat: Progmat, Inc.; hereinafter referred to as Progmat) (hereinafter referred to as the Consortium). The company will explore the commercialization of Real Estate ST as one of the new real estate investment methods. *Quoted from Progmat, Inc. press release. For details on the overview and background of the Real Estate ST Incubation Consortium, please click here. ▼ "Regarding the Establishment of the Real Estate ST Incubation Consortium" Progmat, Inc. Press Release https://progmat.co.jp/news/2026-06-30-press/ ◆What is Real Estate ST (Security Token)? Real Estate ST is a digital security that utilizes advanced technologies such as blockchain, backed by real estate assets, enabling investment in single or multiple properties in the form of securities. While direct real estate investment requires substantial capital and self-management, making it a high hurdle for individual investors, listed REITs, though more accessible, are susceptible to financial market fluctuations and make it difficult to measure the investment performance of individual properties. Real Estate ST combines security tokens with real estate investment, offering a new form of real estate investment not previously available. According to the Sumitomo Mitsui Trust Research Institute, the real estate ST market had an asset size (based on the appraised value of underlying real estate) exceeding 700 billion yen as of the end of March 2026. Driven by the recent expansion of individual investors and the increase in wealthy individuals due to rising stock and real estate prices, the real estate ST market is expected to continue expanding. (Reference) Sumitomo Mitsui Trust Research Institute "Are There Any Blind Spots in the Exi