May 16, 2023
Chuo-ku, Tokyo, Japan, May 16, 2023 - Securitize Japan ("Securitize''), the leading tokenization platform in Japan has announced business alliances with SBINFT Co. Ltd. ("SBINFT"), to provide "ST with Privilege NFT," a new security token for the Web3 era.
Through this alliance, Securitize's ST platform will be integrated with SBINFT's NFT to provide a service that will enable them to issue and manage a new investment product, for ST issuer companies.
This will enable ST issuers to engage investors by granting NFTs as digital rewards in addition to monetary returns such as dividends and interest payments on existing investment products.
The NFTs granted as digital rewards by ST issuing companies are expected to be used in the following ways:
The availability of secondary distribution of NFTs granted as a benefit can be controlled by the time of issuance. NFTs that are available for secondary distribution can be sold on marketplaces operated by SBINFT or on global NFT secondary distribution markets such as OpenSea.
Securitize supports not only private/consortium blockchains such as Quorum, but also public blockchains such as Ethereum, Polygon, and Avalanche, which can be used according to the wishes of the issuing company. SBINFT also supports public chains such as Ethereum and Polygon.
By both parties using a common public blockchain, such as Polygon, ST issuing companies can easily distribute NFTs to ST holders.
Additionally, when STs are issued and managed on a private/consortium blockchain such as Quorum, the wallet address format is the same as Polygon.
Therefore, ST issuers can distribute the benefit NFTs on Polygon to the wallet addresses of ST investors. It is also possible to provide UX of "NFTs issued by ST holders to their own wallet addresses through their own operations" although this is different from the scheme shown in the above figure.
Securitize, as a leading global company in the ST domain, will continue to contribute to the development and spread of ST/STO, including cooperation with NFT and other digital assets. SBINFT will continue to strive to create an environment in which NFT is more accessible to the general public and promote and develop Web-related businesses, based on the "customer centricity" of the SBI Group. Both companies will further strengthen their partnership to provide more valuable services to society.
"We are pleased that the combination of STO and NFT will provide a new alternative to the model seen in recent deals where the issuing company can simultaneously raise capital and achieve customer engagement marketing,” said Eiji Kobayashi, Securitize Japan’s Country Head.”
"SBINFT aims to add value to existing services with NFT to provide new experiences and market development,” said SBINFT CEO, Jangdeok Ko. “This alliance will enable a new investment product in the Web3 era. We are confident that this service will be beneficial to both issuers and investors, building a better relationship between them.”
Additional details are available in this press release from Securitize Japan.
About Securitize Japan and Securitize, Inc.
Securitize Japan is the leading tokenization platform in Japan (and is not a securities firm under Japanese law). Securitize Japan is an entity of Securitize, which is expanding investor access to high-quality, real-world private market assets, leveraging tokenization to make previously inaccessible investments available to more investors, consistent with securities laws.* Securitize is making private equity, venture capital, and other exclusive, real-world, private market assets accessible to a broader range of investors. With 1.2 million investors and 3,000 businesses already connected, Securitize is modernizing the relationship between companies and their investors by digitizing capital raising, investor onboarding, identity verification, and the issuance and trading of securities. Securitize, LLC is an SEC-registered stock transfer agent. Securitize Capital, LLC is an exempt reporting investment advisor. Securitize Markets, LLC runs the alternative trading system and is SEC-registered and a member of FINRA and SIPC. Learn more at http://www.securitize.io.
*Securitize does not engage in the securities business in Japan.
SBINFT Co., Ltd. runs an NFT marketplace called "SBINFT Market" on the public blockchain. The company aims to create a new era of businesses that leads Web 3.0, in addition to establishing a DAO-based ecosystem and a business model centered around an NFT marketplace.
Corporate Site: https://sbinft.co.jp/
SBINFT Market: https://sbinft.market/
PR Department Email: firstname.lastname@example.org
Address: Izumi Garden Tower, 1-6-1 Roppongi, Minato-ku, Tokyo
Representative: Ko Jangdeok (President)
Affiliated organizations: Japan Blockchain Association (JBA), Blockchain Collaborative Consortium (BCCC)
All matters related to the purpose, overview, and image diagrams described in this press release are currently under consideration and are not necessarily guaranteed to be realized. Furthermore, changes, modifications, or deletions may be made without notice due to legal regulations, social circumstances, and other factors, and SBINFT shall be responsible for any damage caused by such actions.
This press release does not provide financial advice, guarantees, analysis, or recommendations related to digital securities. Digital securities are provided by issuers, who are responsible for the information related to them. Officers, directors, agents, and employees of Securitize Japan and SBINFT do not provide any recommendations or guarantees regarding digital securities utilizing this technology. The contents described in this PR should not be interpreted as offering, distributing, or soliciting digital securities. Additionally, neither Securitize Japan nor SBINFT provides custody services or other financial instruments business related to digital securities utilizing this technology.