New company Alterna Trust introduces its first entrusted project "Kawasaki Commercial Facility ST" - Investable from 100,000 yen in the region's "living infrastructure" | CoinDesk JAPAN

Mitsui & Co. Digital Asset Management (MDM) announced on July 23 that it has begun the solicitation of a new Security Token (ST), which is the first entrusted project of its subsidiary, Alterna Trust, on the digital securities platform "ALTERNA".

Related articles: Mitsui & Co. Digital AM and Mitsui Sumitomo Trust jointly established a new company specializing in digital securities called "Alterna Trust"

The ST announced this time is "Mitsui & Co. Group's Digital Securities - Kawasaki Commercial - (with Transfer Restrictions)." The investment target is the commercial facility "Miyamae Shopping Center" located in Miyamae Ward, Kawasaki City, Kanagawa Prefecture, with a real estate appraisal value of approximately 6 billion yen (as of May 31, 2025).

This ST is a tokenized beneficial interest in a trust that issues beneficial securities, with an expected yield of 4.5% per annum (before tax) and a planned investment period of approximately 5 years and 2 months. The minimum investment unit starts from 100,000 yen, and the blockchain infrastructure utilizes "ibet for Fin" provided by BOOSTRY.

The commercial facilities, which are backed by assets, are occupied by the supermarket "Maruetsu" and the home center "Viva Home" under long-term fixed rent contracts.

The population of the commercial area within a 5 km radius of the facility is approximately 826,000, and it is mentioned in the release that there are plans for large-scale redevelopment in the neighboring areas, indicating a stable business foundation.

The Alternative Trust is a digital securities specialized trust company jointly established by MDM and Sumitomo Mitsui Trust Bank. It aims to streamline the ST structuring process by combining MDM's AI technology with Sumitomo Mitsui Trust's trust business expertise. It started operations on July 3.