SBI, Daiwa Securities plant settlement platform for tokenized issuance
Infrastructure
SBI Securities and Daiwa Securities are developing a cross-border settlement platform to facilitate foreign investment in Japanese security tokens, targeting Singapore as the initial market. The initiative aims to expand beyond current real estate and corporate bond offerings to include tokenized assets in the anime and sake sectors. By utilizing the USDC stablecoin for settlement, the firms intend to streamline international access to Japanese digital securities, with a potential future integration of a yen-backed stablecoin. The project has secured approval from the Japan Securities Dealers Association and is slated for a launch no earlier than 2027. The platform will leverage the BOOSTRY blockchain infrastructure rather than the competing Progmat platform. This strategic move highlights the growing institutional focus on bridging fragmented domestic tokenization markets with global liquidity pools. Success in Singapore could serve as a blueprint for broader international expansion, potentially enabling reciprocal investment opportunities for Japanese clients in foreign markets.
Key points
- ▸SBI and Daiwa target 2027 launch for cross-border tokenized security settlements.
- ▸USDC will serve as the primary settlement currency for foreign investors.
- ▸BOOSTRY infrastructure selected to support tokenized anime, sake, and real estate assets.
- ▸Singapore serves as the initial pilot market for international distribution.
Background
SBI Securities and Daiwa Securities are major Japanese financial institutions that have been actively investing in digital asset infrastructure. BOOSTRY is a prominent Japanese blockchain platform, co-founded by Nomura and SBI, designed specifically for the issuance and management of security tokens. These firms utilize distributed ledger technology to digitize traditional financial instruments, aiming to increase liquidity and operational efficiency in the Japanese capital markets.
Relevance
8.5/10