• Open House Group now accepts XRP, Solana, and Dogecoin for real estate payments expanding its crypto options to five.
• Japan’s crypto regulations are evolving to support stablecoins and digital assets ensuring better investor protection.
• The new tax proposal may attract more investors by aligning crypto investments with traditional financial products.

Open House Group, a Tokyo Stock Exchange-listed real estate firm, has expanded its cryptocurrency payment options. The company now accepts XRP, Solana, and Dogecoin for property transactions. This increases the total number of supported cryptocurrencies to five, including Bitcoin and Ethereum.

Growing Crypto Adoption in Japan’s Real Estate Market  

Open House operates as one of the largest real estate companies within Japan. Its annual sales exceed $6.7 billion. The firm initiated cryptocurrency payments through its system in January 2021 by accepting both BTC and ETH. The new expansion seeks to deliver flexibility to international customers through its global offerings. This initiative keeps the company fully compliant with international laws.

The company integrates crypto payments across its services such as property acquisition and sales. Open House has explored blockchain applications in real estate. It has also supported research on Bitcoin’s Lightning Network.

Japan’s Crypto Regulatory Developments  

Japan maintains constant advancement of its cryptocurrency regulatory framework. The Financial Services Agency has submitted amendments to the Payment Services Act for consideration. The policies establish fresh standards for stablecoins while defining procedures for digital asset safekeeping. The changes aim to protect investors by requiring onshore custody of crypto assets.

The Japanese government is considering a new tax plan for digital assets. The proposal would introduce a 20% tax rate on crypto investments. This would align them with traditional financial products like stocks. The new tax structure could attract more institutional investors.

Impact on the Market  

A major real estate firm accepting more cryptocurrencies could influence other industry players. Regulatory clarity may encourage businesses to integrate digital assets. Japan’s approach to crypto regulation could strengthen its global position in blockchain adoption.

By accepting additional cryptocurrencies, Open House improves accessibility for international investors. This move could drive further adoption of crypto payments in Japan’s real estate market. More companies may follow this trend as regulations continue to develop.

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