Daiwa Securities Plans $190 Million Sale of Tokyo Office-Backed Digital Securities

Daiwa Securities is preparing a roughly $190 million digital securities offering for individual investors, backed by office holdings at Tokyo Garden Terrace Kioicho valued at about $570 million.

Mitsubishi UFJ Trust Bank will hold the office assets in trust. After borrowings are deducted, about $190 million of the assets is slated for the securities issuance.

Separately, a fund under Daiwa Securities Group plans to acquire most of the complex’s office and commercial assets from Blackstone for more than $1.9 billion. The planned purchase excludes the residential portion. Tokyo Garden Terrace Kioicho stands on the former site of the Akasaka Prince Hotel.

Blackstone acquired the entire complex, including its hotel and residential assets, for about $2.5 billion in 2025.