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How tokenised real estate is reshaping access, liquidity, ownership and investment opportunities across Asia Pacific.
Overview
As digital assets move from proof of concept to institutional adoption, real estate is emerging as one of the most compelling use cases for tokenisation across APAC. Recent developments have demonstrated the potential to broaden investor access, enable fractional ownership, streamline operations, and create the foundation for more liquid private markets.
Building on themes explored in APEX’s previous webinar, where industry participants highlighted growing interest in digitally native real-world assets alongside challenges related to liquidity, regulation, custody and market infrastructure, this session will examine how tokenised real estate is progressing from experimentation to implementation.
Industry leaders will discuss the opportunities and challenges facing asset managers, property developers, family offices and institutional investors, with a focus on the practical steps required to achieve scale and the implications for the future of real estate investment and capital formation across the region.
Key Discussion Areas
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Speaker
Sigrid Zialcita
CEO
APREA
Sigrid Zialcita
CEO
APREA
Sigrid is the Chief Executive Officer of Asia Pacific Real Assets Association (APREA). Based in Singapore, she is responsible for overseeing the strategic direction, initiatives and operations of the association across Asia Pacific. Under her leadership, APREA repositioned to an industry trade group focusing on real estate and infrastructure.
Sigrid joined APREA’s executive team in January 2019.
Prior to APREA, she served as Managing Director of Asia Pacific Research and Advisory Services of Cushman & Wakefield (C&W) from 2010 through 2018, where she was responsible for research, thought leadership, strategy formulation and client management. Before relocating to Singapore, she was based in Washington, D.C. and led C&W’s U.S. research group in the Mid-Atlantic region, overseeing all aspects of market research activities in the Washington, DC; Virginia; Suburban Maryland, Baltimore; and Philadelphia areas. Prior to joining C&W, Sigrid served as a Senior Economist for the National Association of Realtors (NAR). In that position, she developed NAR’s office, warehouse, retail, multi-family housing, and international research programs.
A recognized expert in global economic, public policy and real estate issues, Sigrid is a frequent speaker at industry events. Her commentary on commercial and residential real estate markets is also regularly featured in a wide array of global publications, including the Wall Street Journal, Financial Times, Bloomberg, New York Times and Reuters. Additionally, she has made several television appearances on financial networks and radio such as CNBC, Bloomberg, CNN, National Public Radio and Channel News Asia.
Sigrid holds a Master of Business Administration from Cornell University’s Johnson Graduate School of Management and a Master’s degree in Economics from Pennsylvania State University. She is a member of several civic groups including the Rotary Club of Raffles City in Singapore, where she has served in various leadership positions, and serves in the Executive Committee of the Crohn’s & Colitis Society of Singapore.
Speaker
Vincent Joseph Turcotte
Sales Director, Asia Pacific
APEX Digital
Vincent Joseph Turcotte
Sales Director, Asia Pacific
APEX Digital
Vincent is a finance and technology leader at Apex Digital, specializing in digital assets, market structure, and regulatory engagement across the Asia Pacific region. With expertise spanning fixed income, equities, derivatives, blockchain, and asset tokenisation, he has built a career at the intersection of traditional finance and emerging technologies. Prior to Apex Digital, he held roles at Chainlink, Solidus Labs, and leading investment banks, working closely with regulators, financial institutions, and digital asset platforms across Hong Kong, Singapore, Japan, the UAE, and broader APAC markets. He has successfully led high-performing teams and delivered complex initiatives in business strategy, regulatory compliance, operational transformation, and market infrastructure. His focus is on advancing safe, interoperable, and compliant financial ecosystems through innovation and practical execution.
Panelist
Akihiro Nakao
President
KDX ST Partners, Inc.
Akihiro Nakao
President
KDX ST Partners, Inc.
Akihiro Nakao joined Kenedix Inc. in 2007 and worked in the Corporate Planning Department focusing on corporate strategy and fundraising activities. In 2011, he participated in the launch of a residential REIT and served as its CFO. In 2015, he established a local entity in Singapore, spearheading business expansion in Asia. Starting in January 2020, as the head of the Digital Securitization Department, he has been a leading figure in the real estate security token market, leading the issuance of Japan's first real estate security token offering in August 2021 and subsequently participating in numerous real estate security token offerings. Since March 2025, he has also served as the Representative Director of KDX ST Partners. Prior to joining Kenedix, he worked in investment banking at SMBC Nikko Securities Inc. and Citigroup Global Markets Japan Inc., with extensive experience in large-scale capital raising and M&A advisory services. He holds a Bachelor of Laws from Hitotsubashi University.
Panelist
Vincent Joseph Turcotte
Sales Director, Asia Pacific
APEX Digital
Vincent Joseph Turcotte
Sales Director, Asia Pacific
APEX Digital
Vincent is a finance and technology leader at Apex Digital, specializing in digital assets, market structure, and regulatory engagement across the Asia Pacific region. With expertise spanning fixed income, equities, derivatives, blockchain, and asset tokenisation, he has built a career at the intersection of traditional finance and emerging technologies. Prior to Apex Digital, he held roles at Chainlink, Solidus Labs, and leading investment banks, working closely with regulators, financial institutions, and digital asset platforms across Hong Kong, Singapore, Japan, the UAE, and broader APAC markets. He has successfully led high-performing teams and delivered complex initiatives in business strategy, regulatory compliance, operational transformation, and market infrastructure. His focus is on advancing safe, interoperable, and compliant financial ecosystems through innovation and practical execution.
Moderator
Amélie Delaunay
Head of APAC Real Estate Economics
Oxford Economics
Amélie Delaunay
Head of APAC Real Estate Economics
Oxford Economics
Amélie Delaunay is Head of APAC Real Estate Economics at Oxford Economics. She brings more than 25 years of experience in the real estate industry, with deep expertise in non-listed real estate research, indices, market analytics, and investment strategy across Asia Pacific and global markets.
Educated at Sorbonne University, Amélie holds a postgraduate degree in Urban Geography, Town Planning, and Real Estate. She also earned an Advanced Master’s Degree in Urban and Real Estate Management from ESSEC Business School. Amélie is a member of the Royal Institution of Chartered Surveyors.
APREA is committed to making our events more environmentally responsible. We work closely with our event partners, venues, and suppliers to embed sustainability into the way we plan and execute our gatherings across the region. Our goal is to continually reduce our environmental footprint and promote responsible practices across the real assets industry.
Our key sustainability measures in our events include:
Through these steps, we aim to make every APREA event a reflection of our broader commitment to a more responsible and resilient industry.
Kemmu Kawai joined Longevity Partners Japan in September 2022 as the Country Director. Based in Tokyo, he oversees all operations and activities in Japan, the Asia-Pacific region and beyond. He brings him more than 16 years of experience in finance where he specialised in real estate and credit investments. Before joining Longevity Partners, he served as a Portfolio Manager at Norinchukin Bank and as Investment Manager at Center Point Development.
Kemmu Kawai
Managing Director
Longevity Partners