Oasys

Introduction

Oasys is a high-performance, EVM-compatible blockchain launched in 2022 by a consortium of major game studios, including Bandai, Namco Research, SEGA, Square Enix, and Ubisoft. Designed for gaming’s high throughput and microtransaction demands, it uses a Layer-1 “Hub” chain with multiple Layer-2 “Verse” chains to deliver fast, gasless transactions and a seamless player experience.

Headquartered in Singapore with a core team from Japan (affiliated with doublejump.tokyo), Oasys quickly gained traction in Asia’s gaming market, supported by partnerships with SBI Holdings, Animoca Brands, and other industry leaders.

While originally built to support onchain gaming and drive mainstream adoption, Oasys is actively expanding into Real-World Asset (RWA) and intellectual property (IP) tokenization. This move leverages its existing infrastructure and gaming-native user experience to bring real-world value onchain, positioning itself as Asia’s gateway for tokenized assets across real estate, entertainment and finance.

Key Takeaways

• From Gaming to Real-World Assets with High-Performance, Gasless Infrastructure: Oasys delivers ~1 500 TPS and hides gas fees from users, a UX edge when moving high-frequency RWA or IP tokens, retaining the UX advantages of gaming (speed, low cost, ease of use) while targeting a much larger market.
• Modular Hub + Verse Design: Institutions can spin up permissioned, EVM-compatible Verses that anchor to the Hub for security. A great fit for security tokens across fragmented Asian rulesets.
• First-mover timing advantage in the Asia-Pacific RWA race: With regional regulators currently designing legal frameworks, Oasys has already secured regulatory footholds that could accelerate go-to-market for new partners and use cases.
• Institutional alignment via SBI Holdings: Backing and integrations with institutional players position Oasys as a potential settlement layer for tokenized bonds, REITs, and funds, in a region where institutional RWA pilots are gaining traction.
• Regulatory Credibility as a Strategic Edge: Oasys holds licenses with platforms like SBI VC Trade and Rakuten Wallet, and operates under Japan’s FSA regulatory system, granting it regulatory credibility in a tightly regulated market. This eases adoption by financial institutions and traditional enterprises.
• Gaming, Payments, and Tokenized Assets in One Ecosystem: Oasys aims to be the ecosystem where video games, NFTs, stablecoins, and tokenized real-world assets coexist for retail users, making it easy to play, pay, save, and invest within the same environment, with a UX focused on simplicity and engagement.
• Tokenizing Intellectual Property in Asia: Oasys allows intellectual property (anime, music, art) to be tokenized and monetized. Asia is a key market where there is already a lot of interest in tokenizing digital assets, and Oasys is positioning itself as the ideal infrastructure for Asia’s high-value niches in the creative economy.

The Opportunity and Challenges of Tokenizing RWAs and IP

RWAs have long been viewed as one of blockchain’s most practical use cases, enabling traditionally illiquid assets like real estate, commodities, and intellectual property to be tokenized, fractionalized, and traded 24/7. This also allows automated cash flows and onchain settlement.

In Asia, financial hubs like Singapore and Hong Kong have already launched pilot projects for tokenized bonds and securities, demonstrating the tangible benefits of faster settlement and broader investor access.

Numbers and institutional activity confirm that RWA tokenization is moving from concept to execution. Over $22.5 billion in RWAs are already live onchain within a $30 billion tokenized market, led by private credit and U.S. Treasuries. Major banks and asset managers are actively involved, signaling that infrastructure, capital, and institutional demand are starting to align.

Moreover, the $18.2 trillion market projection for 2033 reflects expectations of mass adoption within the next decade. This represents a strategic opportunity for any infrastructure, protocol, or service positioned to address the sector’s current bottlenecks: interoperability, regulatory compliance, liquidity, and UX. In this environment, Oasys is well placed to capture value by enabling tokenization within regulated frameworks and frictionless, gasless environments, attracting new issuers and users.

In the Asia-Pacific region, economic growth and technologically advanced populations make the region ripe for tokenization, once infrastructure and regulatory issues are resolved. The key needs are for compliant, liquid, and user-friendly tokenization platforms.

On the IP side, Asia’s pop culture and entertainment industries (anime, K-Pop, gaming) also open up new ways for projects to engage global fan communities and enable revenue-share business models for creators.

The adoption of RWA and IP tokenization is gaining momentum, aligned with a growing global trend in the sector. Several factors slow progress, especially in Asia: fragmented infrastructure, regulatory uncertainty (each country moving at its own pace), poor user experience and lack of trust, risks of IP misuse through generative AI, and limited interoperability. Cross-border tokenized asset trading is still developing.

The tokenization market in Asia has been limited by several frictions: (1) disconnected infrastructure between blockchains and systems, (2) shifting and uncertain regulatory frameworks, (3) poor and unintuitive user experience, and (4) intellectual property risks arising from AI-generated content (deepfakes, unauthorized copies, etc.). Oasys addresses each of these problems with an integrated solution designed to overcome these challenges.

Oasys’s Hub + Verse architecture connects siloed blockchains, allowing institutions to run their own permissioned sub-chains. FSA-approved listings on exchanges like SBI VC Trade and Rakuten Wallet provide Oasys with a pre-approved and replicable compliance framework, while Oasys wallets, which are EVM-based and gas-free for users, eliminate friction and even integrate with Rakuten Points.

The collaboration with AnimeChain enables the registration of creative works on the blockchain, ensuring provenance and automating royalty payments. This is the opportunity Oasys is targeting with its expansion beyond gaming. By addressing fragmentation with a multi-layer scalable network, ensuring compliance through close collaboration with licensed exchanges and marketplace integrations, and simplifying UX with gas-free transactions and familiar interfaces, Oasys aims to accelerate the tokenization of real-world assets (RWA) and intellectual property (IP).

Oasys is creating tangible, testable solutions that turn market challenges into real-world opportunities by connecting isolated infrastructures through its Hub and Verse Layer, using FSA-approved on-ramps in Japan to ease regulatory friction, enabling gasless transactions to simplify usage, and recording IP ownership onchain to track potential misuse by AI.

Oasys’s Strategic Expansion

Oasys was first created with a razor-sharp gaming orientation, building a high-performance, gas-less, EVM-compatible blockchain that prioritized seamless user experiences. While gaming remains an important element, the team recognized that the same technical foundation necessary for scalable, high-performance gaming is also required for RWA tokenization, where speed, low costs, and reliable infrastructure are essential. Today, 90% of real-world assets remain trapped in legacy, illiquid systems. Tokenizing these assets can make ownership faster, borderless, and more effective, though the challenge extends beyond technology to cultural adoption and regulatory clarity.

Recognizing these opportunities, Oasys has been methodically expanding its ecosystem through partnerships and initiatives that extend its use cases beyond gaming to finance and intellectual property. Rather than starting from scratch, it leverages its gaming infrastructure and community while aligning with established players in finance, e-commerce, and media to ensure new use cases fit within a compliant, user-friendly framework.

Oasys naturally found most traction in Asia, the global epicenter of gaming with 1.8 billion gamers generating USD 72 billion annually. The region’s strong cultural affinity for RPGs and digital asset ownership is supported by major industry players who act as validators and ecosystem partners. Asia also hosts 40% of the world’s game developers and boasts advanced technological infrastructure, especially in Japan, South Korea, and China. This is reinforced by supportive regulatory frameworks in countries like Japan and Singapore that promote blockchain gaming, NFTs, and Web3 innovation through clear policies and institutional support.

In May 2023, SBI VC Trade, an FSA-regulated exchange, listed $OAS, making it one of the few project tokens legally tradable by Japanese retail investors. This is relevant because Japan has a strict framework for crypto assets, only certain approved tokens can be legally traded by Japanese retail investors. Oasys made it into that narrow group.

Then, in May 2024, the collaboration expanded when SBINFT Market (SBI’s NFT marketplace) enabled trading of Oasys L1 and Verse NFTs directly in yen, making it easier for local users to buy and sell without using cryptocurrencies. Additionally, only KYC-verified creators are allowed to list NFTs there, in line with Japanese regulations.

In August 2024, Oasys closed a strategic alliance and raised capital from SBI Holdings, one of Japan’s largest financial conglomerates with businesses spanning banking, securities, and crypto exchange SBI VC Trade among others. The alliance gives Oasys two hard assets: growth capital and a compliant gateway to Japan’s financial rails.

Another significant milestone of Oasys’s expansion is its partnership with Rakuten Wallet, an electronic payment service provider also offering services as a cryptocurrency exchange operator since August 2019. Rakuten operates a popular loyalty program, Rakuten Points, which millions of Japanese consumers earn and spend across shopping, travel, and even bills.

In February 2025, Oasys’s $OAS token was listed on Rakuten Wallet. Millions of shoppers can now swap their loyalty points into $OAS inside the same app they use at convenience stores, supermarkets, and online check-outs. From a strategic standpoint, such a move supplies a regulated, one-click on-ramp for non-crypto users, anchors local liquidity, and showcases live tokenization of loyalty points. It also gives Rakuten a template to issue other assets like gift cards, branded IP, or even securities, on Oasys’s gas-free rails.

In March 2025, Oasys launched Yukichi.fun, a token creation platform that allows anyone to mint their own custom tokens on the Oasys network with minimal effort. Yukichi.fun provides a simple web interface where users can choose parameters and deploy a token in minutes, using $OAS or other supported tokens as a base.

The significance of Yukichi.fun is that it lowers the barrier to entry for tokenization, not just for game developers but potentially for any creator or small business looking to tokenize an asset or loyalty program. While the app is marketed for gaming tokens, there’s nothing stopping it from being used to mint tokens representing other kinds of assets or rights, thereby serving as a stepping stone for RWA and IP experiments.

In July 2025, GATES Inc., a Japanese real estate firm, partnered with Oasys to launch a $75 million tokenization of central Tokyo real estate assets. The initiative aims to broaden global access to Japanese property investments by transforming traditionally complex processes, such as legal requirements, language barriers, and fees, into a streamlined solution that enables fractional ownership for international investors. Phase 1 targets up to $34 billion in token liquidity, with a long-term goal of tokenizing over $200 billion in GATES holdings, which represents roughly 1% of Japan’s $20.5 trillion real estate market.

On the IP side of things, to address the generative AI challenge and tap into Asia’s rich IP industries, Oasys has teamed up with AnimeChain, a project focused on the anime content industry. In March 2025, Oasys and AnimeChain announced a strategic partnership to shield Japan’s flagship anime industry from generative-AI copy risk. AnimeChain supplies AI-native production tools; Oasys provides a gas-free ledger. Pilot projects will hash every frame and character design onchain, timestamp provenance, track AI-model usage, and auto-route royalties through NFTs that encode licensing or revenue shares. This initiative also serves as a template for other IP domains: if successful for anime, similar frameworks could apply to music, film, or gaming IP facing AI-related infringement.

Each of the above strategic moves has been focused on Asia and its unique strengths: tapping Japanese financial trust via SBI, Japanese consumer reach via Rakuten, and Japanese cultural IP via AnimeChain. At the same time, these partnerships give Oasys more legitimacy and resources to pursue RWAs. Furthermore, the inclusion of $OAS on regulated exchanges and marketplaces shows a commitment to compliance that will be crucial for any RWA projects.

Technical Differentiators

Oasys employs a unique two-layer system comprising a L1 Hub chain and multiple L2 Verse chains that leverages Ethereum’s scaling solutions. The network enables specialized sub-chains for different use cases, allowing enterprises to launch custom Verse chains anchored to Oasys’s main hub for security. Oasys emphasizes zero gas fees and fast transactions, originally designed to enhance gaming UX but equally beneficial for RWA use cases by making ownership transfers faster, cheaper, and globally accessible.

The Oasys Hub is an L1 that serves as the backbone of the ecosystem. It does not run applications directly but is responsible for storing the data generated on the network and consolidating transaction batches from the L2 layers called Verses. Its main function is to maintain the global state of the network, store information related to fungible and non-fungible tokens (FT/NFT), and manage data on bridges and interoperability. As the common anchor point, it allows for the complete restoration of information from a Verse if it is lost. It operates with a model similar to Ethereum’s optimistic rollups, but is specifically designed to support high-traffic applications such as video games and enterprise systems. The Hub’s validation is managed by relevant industry players like SEGA, Ubisoft, Nexon, and Rakuten Wallet, who ensure the security and integrity of the data.

While the majority still see Oasys almost solely as a gaming and RWA application, note that the ecosystem goes further. Astar Network is one good example, serving not only as a partner chain and validator on Oasys but also leading the integration of DeFi infrastructure. Astar is leading Oasys’ so-called DeFi-Verse, enabling decentralized financial applications and managing token circulation in the network, significantly broadening the ecosystem beyond gaming.

The Verses are specialized L2 chains that serve as an execution layer for applications, mainly games. They are modular and customizable rollups that operate connected to the Hub and are owned by developers (Verse-Builders). Each Verse processes its traffic offchain and consolidates the results into blocks that are signed by an “Appointed Verifier” designated by the Verse itself. This validation process is almost instantaneous, in contrast to the typical seven-day wait on other optimistic rollups like Arbitrum or Optimism. Each Verse can define its own configuration: rules, whitelists, TPS levels, and permissions, without losing interoperability with the Hub or other Verses. Additionally, they offer a fee-free user experience, as the gas cost is covered by the validator or the application, enabling experiences similar to Web2 apps.

The Verses are designed to be used by application developers with specific needs, particularly in gaming, but also in sectors like marketplaces, trading, or real-world assets (RWAs). For example, a game can operate on its own Verse, issue digital items that can later be verified or exchanged in another Verse or directly on the Hub. Verses dedicated to value exchange systems or supply chains using the Hub as a common ledger can also be envisioned. Oasys’s modular architecture allows operators to provide frictionless user experiences, with no need for gas, fast finality, and high performance, enabling non-crypto users to adopt these applications without complications.

Oasys’s multi-layer architecture is designed to address the scalability bottlenecks of traditional blockchains. By separating execution (Verses) and consensus (Hub), it allows for processing over 1,500 transactions per second with a Web2-like experience (finality in ~30 seconds). The gas-free model for users significantly improves UX, eliminating friction that hinders mass adoption. Additionally, by allowing each Verse to be fully configurable and operated independently, it adapts to multiple use cases without sacrificing interoperability or security. The Hub’s centralized validation by trusted actors provides a strong security layer without compromising performance. Together, Oasys positions itself as a “highway” for tokenized assets, capable of handling games, RWA exchanges, or interoperable marketplaces at scale.

Notably, the Oasys chain and its Verse layers are EVM-compatible, meaning developers can write smart contracts in Solidity or use standard Ethereum tooling to build on Oasys. This was a deliberate choice to lower the barrier for development: any developer familiar with Ethereum or other EVM chains can easily port over to Oasys.

For enterprises and institutions, EVM compatibility is attractive because it aligns with the industry-standard platform and can integrate with existing wallets and infrastructure. For example, an IP tokenization contract could use well-known ERC standards (ERC-721 for NFTs representing IP rights, or ERC-20 for fungible RWAs), ensuring compatibility with wallets and exchanges. Oasys’s support for the EVM also implies that bridging assets to and from Ethereum (or other EVM chains) is feasible, which could be important for liquidity (e.g., bringing a tokenized asset from Oasys to a broader DeFi market if needed).

Recently, Oasys expanded its infrastructure by integrating Arbitrum Orbit into its Verse layer. Previously, Verses (Oasys L2s) were built exclusively on Oasys’ proprietary stack. With this integration, developers can now deploy custom L2/L3 Verses using Arbitrum Orbit’s framework, featuring 0.1s block times and rollup-as-a-service support via AltLayer. Orbit allows Verses to be tailored to different technical requirements like latency, throughput, and permissions, while remaining fully interoperable within the Oasys Hub + Verse architecture. This significantly enhances the modular flexibility of the network.

This quarter, most investment in Web3 gaming went to infrastructure projects, confirming that without solid technical infrastructure, it’s impossible to build scalable, high-quality games on blockchain. In this context, Oasys already offers a gaming-optimized architecture, with a Hub Layer and Verse Layer, zero gas fees, and EVM compatibility which aligns directly with what investors are prioritizing. This positions them as an attractive option for both capital and developers seeking scalable, efficient platforms.

Today, deploying a Verse on Oasys requires setting up infrastructure like nodes, rollup config, bridges, sequencers, and permissions, a process that’s time-consuming and demands technical expertise. With this integration, Arbitrum Orbit acts as a standardized framework for deploying L2/L3 rollups, while AltLayer delivers rollup-as-a-service capabilities that automate and simplify the entire deployment process. Developers can now launch an Orbit-compatible Verse on Oasys in a few clicks, using pre-set configurations for block time, permissions, and Hub connectivity. This reduces deployment time, lowers technical complexity, and enables gaming studios and publishers to roll out new L2 gaming chains far more efficiently. As a result, it shortens the time-to-market for blockchain games and lowers the entry barrier for developers without deep infrastructure expertise.

In short, Oasys’s architecture is well-suited to serve as a large-scale, user-friendly tokenization platform by offering the trifecta needed for real-world adoption: scalability, compatibility, and simplicity.

Implications and Potential Use Cases

Oasys’s evolution into a multipurpose blockchain platform carries broad implications for both institutional and retail adopters. While it started as a network specialized for gaming, it’s expanding to support real-world use cases, from finance to intellectual property and tokenized physical assets. If successful, Oasys could become a case study of how a niche blockchain can scale into broader infrastructure for other sectors, maintaining both performance and regulatory alignment, a balance many general-purpose blockchains struggle to achieve. The idea is for it to remain a strong option for gaming while also serving as a foundation for tokenizing real-world assets, copyrights, loyalty points, and financial securities, integrating with both Web2 systems and other blockchains. Here we outline potential applications and the trajectory Oasys is already following.

Institutional Finance: Asset-backed Tokens and Marketplaces

With its partnerships in traditional finance (SBI) and exchange integrations, Oasys is well-positioned to host asset-backed token issuance for institutional players in Asia.

Think of a scenario where a regulated entity uses Oasys to issue tokens representing ownership in a RWA: for example, a real estate investment trust (REIT) issues tokens for each share of the trust, or a commodities fund tokenizes barrels of whiskey or kilograms of gold. These tokens would benefit from Oasys’s compliance infrastructure: they could be traded on licensed exchanges like SBI VC Trade or within a permissioned Verse chain accessible only to KYC-verified investors. Using Oasys’s network, settlement of such trades would be instantaneous (compared to T+n days in traditional markets) and fractional ownership becomes trivial. An institutional custodian could hold the private keys or manage wallets on behalf of clients, abstracting the crypto aspects. Oasys’s performance ensures that even if a large number of trades happen, the network can handle it without congestion. The presence of multiple Verse chains also means separate asset classes could run on separate sub-networks (for instance, a Verse chain for a particular bank or exchange).

By focusing on Asia, where regulators like the MAS (Monetary Authority of Singapore) and Hong Kong’s SFC are actively exploring tokenized securities and Oasys’ ongoing partnerships with real estate funds, they have the potential to become the go-to infrastructure for those regional experiments.

Retail Finance: Unified Gaming and Financial Services

One of Oasys’s most interesting prospects is the convergence of gaming and finance on its platform. Since Oasys will continue to host many game-related projects (NFTs, in-game currencies, metaverse assets) while adding real-world tokens, it can serve as a unified platform where users’ entertainment assets and financial assets live side by side.

Imagine a user in Tokyo who uses Oasys. In a single Oasys wallet app, they could hold:

• Some $OAS tokens
• A few NFT characters or skins from an Oasys-based game
• A tokenized share of a music royalty from an anime song
• Perhaps a stablecoin or tokenized yen that’s used for day-to-day transactions
• And even a fraction of a real estate asset or a bond that was offered on an Oasys marketplace

This scenario paints Oasys as a one-stop ecosystem for digital assets of all kinds. The user experience could be gamified or at least made very accessible. For instance, a user might earn loyalty points from a game and convert them to a stablecoin, then use that to invest in a tokenized asset, all within the same ecosystem.

The lines between playing and investing could blur in a positive way: time spent in games might yield assets that have real-world value, and conversely, real-world investments might be as easy to manage as in-game inventory. Additionally, Oasys’s roots in gaming ensure that it prioritizes UX and engagement, which could be a refreshing approach for financial products that are often seen as dull.

This “GameFi meets real finance” approach might particularly resonate with younger demographics in Asia who are financially savvy but also grew up with mobile games and digital collectibles.

Intellectual Property Monetization and Fan Engagement

Through AnimeChain (a platform that focuses on tokenizing anime IP) and similar initiatives, Oasys could become a hub for tokenized IP platforms. Consider the concept of an “Anime Launchpad” on Oasys: a new anime project could crowdfund or pre-sell tokens that represent a stake in the project’s success, similar to how some film NFTs have been attempted. Fans could buy these tokens to support the project, effectively investing in future royalties or exclusive content access. Smart contracts on Oasys would ensure that if the anime’s content gets licensed or generates revenue (from streaming, merchandise, etc.), a portion is automatically distributed to token holders as royalties.

This kind of model has been talked about in the entertainment industry, and Oasys might provide the infrastructure to do it compliantly (ensuring, for example, that such tokens are not accessible to non accredited investors if they resemble securities). Likewise, existing IP holders could use Oasys to issue licensed digital collectibles or NFT rights that are more than just images: they could confer real IP usage rights. For example, owning a certain anime NFT on Oasys might give one the legal right to create derivative works or include the character in a fan game, with all such terms encoded. Thanks to blockchain’s traceability, IP owners could track how their IP tokens move and be assured that only authorized uses occur.

With generative AI, one could even imagine a marketplace where artists allow AI developers to train on their work if they hold a special token, turning what is now a largely uncompensated activity into a tokenized license market. Oasys’s role in this future would be providing the trust layer and transaction layer to make many small IP transactions feasible.

In framing Oasys’s trajectory, it’s clear the project aspires to be more than a niche game chain, instead, it aims to be a comprehensive and compliant launchpad for real-world blockchain use cases in Asia. The emphasis on Asia is wise: the region, while diverse, has a combination of tech-forward populations, relatively coordinated regulatory approaches evolving, and large markets for both gaming and fintech.

Conclusion

Oasys has built a technically solid and strategically well-positioned infrastructure to become the leading platform for blockchain gaming and tokenized RWAs in Asia. Its modular, gas-free architecture, EVM compatibility, and focus on regulated integrations in Japan give it clear advantages in a market where regulatory compliance and local partnerships are critical.

While its global leadership in blockchain gaming faces fragmented competition (Immutable, Ronin, Polygon, Avalanche), its real edge lies in combining gaming and RWAs on a single network. Backed by SBI Holdings, one of Asia’s most influential financial players, Oasys could capture a significant share of the institutional liquidity allocated to tokenized RWAs in the region.

The key will be to consolidate its position in Japan, secure new international IPs, and connect its infrastructure to global DeFi ecosystems and marketplaces. If it succeeds in that transition while maintaining its current corporate backing, Oasys has the potential to establish itself as the category’s reference blockchain, leading a narrative that remains fragmented across multiple infrastructures today.

References

Oasys Website

Oasys Blog

Oasys Documentation

Tokenization Use Cases: Transforming Traditional Financial Assets (March, 2025). Kapronasia

Gaming blockchain Oasys launched gaming creation platform Yukichi.fun (March, 2025). crypto.news

RWA Tokenization Takes Center Stage in Hong Kong (April, 2025). BeInCrypto

Tokenization of Intellectual Property: A New Frontier in Blockchain (October, 2024). RWA.io

Disclosures

Alea Research is engaged in a commercial relationship with Oasys as part of an educational initiative and this report was commissioned as part of that engagement.

Members of the Alea Research team, including those directly involved in the analysis above, may have positions in the tokens discussed.

This content is provided for educational purposes only and does not constitute financial or investment advice. You should do your own research and only invest what you can afford to lose. Alea Research is a research platform and not an investment or financial advisor.