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

Mar 29, 2021

San Francisco, CA —

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 unlocking broader access to alternative investments by enabling private businesses to raise capital from investors. Securitize has pioneered a fully-digital, regulatory compliant, end-to-end platform for issuing, managing and trading digital asset securities, with nearly 200 businesses and 325,000 investors already connected. Note that investments in private placements are speculative in nature, that they may be illiquid, and there is risk of principal loss. The Securitize platform is comprised of Securitize, Inc and its subsidiaries Securitize, LLC (an SEC-registered transfer agent) and Securitize Markets, LLC (an SEC-registered broker-dealer, member of FINRA and SIPC, and operator of the company’s alternative trading system, Securitize Markets). Learn more at http://www.securitize.io.

Evan Wagner, evan.wagner@securitize.io

Armel Leslie, aleslie@peaksstrategies.com

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