Daiwa fund plans retail digital securities tied to Tokyo Garden Terrace deal

Nikkei Asia reports a Daiwa Securities Group fund plans to offer roughly ¥30 billion ($191 million) in digital real estate securities tied to its purchase of most of Tokyo Garden Terrace Kioicho from Blackstone. Nikkei describes a $2 billion purchase. Earlier, The Japan Times reported that Blackstone planned to sell the complex’s office portion for about $1.9 billion, citing people familiar with the matter.