By Staff Writer
The Japan Security Token Association (JSTA), a Japanese advocacy group promoting compliant digital tokens, and Securitize, a firm specializing in digital securities, are collaborating to accelerate the adoption of securities token in Japan.
Securitize and JSTA will work closely with established financial institutions, local businesses and regulators to educate them on the advantages of digital securities and how the technologies being advanced by Securitize and its partners have made digital securities and secondary markets a reality, according to a statement.
Securitize’s platform and its DS Protocol allow firms to issue and manage digital securities on both public and permission-based blockchains. There are currently eight issued digital securities running on the Securitize platform and DS Protocol, with four of them trading on public markets like Open Finance Network.
Chief executive of Securitize Carlos Domingo said: “Our partnership with the Japan Security Token Association illustrates our dedication to the Japanese market and our belief that Japan will not only continue to be one of the leading traditional financial centers but will also lead in the development and adoption of digital securities as the future of all securities.”
As the leading promoter for digital securities in Japan, JSTA’s deep local knowledge of the industry and its laws will ensure that Japanese interests and regulations are represented, while creating pathways for international and local businesses and investors to transact and trade.
JSTA co-chair Go Masuda said: “Japan is at the dawn of the new financial era with digital securities, and Securitize is exactly the best partner for JSTA, so as to enlighten the existing financial market and promote practical uses of digital securities, aligned with the coming regulations and legal frameworks.”
Securitize has already commenced on multiple projects in Asia, including a deal with Elevated Returns to tokenize over $1bn in real estate in Thailand on Tezos blockchain. The deal with JSTA was led by Securitize’s director of business development for Asia Pacific Jacqueline Kwok.