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Sumitomo Mitsui Trust Bank Launched Japan’s First FIEA Compliant Asset-backed Security Token on the Securitize Platform

The a-1 rated security token product is a first for the Japanese market.

San Francisco, CA -- March 29, 2021 -- Securitize Japan K.K., a wholly-owned subsidiary of Securitize, Inc., the industry-leading liquidity and compliance platform for digital asset securities (security tokens) with over 150 issuers and 200,000 investors, today announced that Sumitomo Mitsui Trust Bank (“SMTB”) has completed Japan’s first asset-backed security token pilot issuance on the Securitize’s platform.

For the transaction, SMTB created beneficiary certificates representing the asset-backed securities and tokenized them using the Securitize platform. SMTB utilized Securitize’s platform, including the administrator control panel which allowed it to manage investors and the beneficiary rights ledgers, as well as issue the security tokens.

This is Japan’s first credit-rated security token, with an a-1 rating from Rating and Investment Information, Inc., Japan’s premier rating agency. The security tokens are also compliant according to the FIEA.

Hirohito Niji, General Manager of Structured Trust Products Department, Sumitomo Mitsui Trust Bank, Limited, said, “We are pleased to have successfully launched the asset-backed STO as a novel effort, leveraging on our strength as a trust bank. We are committed to proactively develop and deliver innovative solutions to our customers with their changing needs, by combining cutting-edge digital technologies and our conventional trust bank expertise.”

Eiji Kobayashi, Country Head, Securitize Japan, said, "We are honored to be a part of this groundbreaking deal with SMTB. I hope this paves the way for a more active and innovative security token ecosystem in Japan, and the first step toward better serving the financial communities and capital markets in Japan.”

Securitize will continue to fully support SMTB for their future STO clients and business.

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Securitize is reinventing private capital markets by delivering trusted end-to-end security token solutions that leverage our leading blockchain technology, which increases access to private markets for eligible investors while simultaneously making them more efficient, compliant, and liquid. Securitize, LLC is an SEC registered transfer agent and Securitize Markets, LLC, is an SEC and FINRA registered broker-dealer and alternative trading system (ATS), which are both subsidiaries of Securitize, Inc. Since its founding in 2017, Securitize has leveraged its digital platform to support more than 150 clients and 200,000 investors.

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