The Japan Security Token Association (Chuo-ku, Tokyo, Co-Representative Director: Tomoyuki Namiki, Tsuyoshi Masuda, “JSTA”) is the Deloitte Tohmatsu Consulting LLC (Chiyoda-ku, Tokyo, President and CEO Masato Sase, “DTC”) and Securitize Inc. (California, U.S.A., founder and CEO: Carlos Domingo, “Securitize”) and a research report on security tokens (digital securitization) The usefulness of security tokens in the Japanese real estate market.