Japan-based security company Securitize Japan unveils digital securities platform in partnership with NTT Data
In a joint collaboration, Securitize Japan and NTT Data have teamed up to create a digital securities platform aimed at revolutionizing the financial industry in Japan. The platform, which has been in development for 4.5 years, seeks to tokenize various financial assets, including real estate and funds, with the ultimate goal of involving banks and financial institutions to leverage blockchain-based digital securities for improved liquidity and compliance efficiencies.
The partnership between Securitize, a global leader in digital securities issuance and compliance, and NTT Data, a major IT services provider in Japan, was first announced with the objective of enabling digital securities issuance on blockchain. Notably, Securitize's infrastructure will underpin the digital securities platform.
The platform is designed to support bond issuance for regional financial institutions, with the aim of revitalizing local economies. It aspires to provide similar perks for bondholders as Japanese stockholders currently receive from the companies they invest in. This includes, but is not limited to, potential access to exclusive events, dividends, and voting rights.
Initially, the platform will share investor information with bond issuers. This is a crucial step towards fostering transparency and efficiency in the bond issuance process, as most bonds in Japan are sold via securities firms, and the issuers often lack direct contact with investors.
One of the key players in the collaboration is NTT Data, which owns Japan Information Processing (JIP), the operator of Japan's largest bond issuance and payment agent solution. This strategic positioning positions NTT Data to play a significant role in the digital securities platform's future developments.
Moreover, NTT Data's stake in Progmat, another major player in Japan's digital securities landscape, further underscores their commitment to this collaboration. MUFG, the founder of Progmat, holds a larger stake (42%) in the platform, with Securitize also being an investor.
While detailed information about the specific status and future plans of the Securitize Japan and NTT Data digital securities platform collaboration, including the tokenization of other financial assets or the involvement of banks, is not currently publicly available, it is clear that this partnership represents a significant step forward in the digital transformation of Japan's financial industry.
For those seeking precise updates on this subject, consulting recent press releases from Securitize Japan and NTT Data, or industry reports specifically covering digital securities projects in Japan, would be necessary. As the collaboration continues to evolve, it will be interesting to see how it shapes the future of financial services in Japan.
- The digital securities platform developed by Securitize Japan and NTT Data, with Securitize's infrastructure underpinning the project, aims to tokenize diverse financial assets such as real estate, funds, and potentially others, as part of their vision to revolutionize Japan's financial industry.
- With the involvement of major players like NTT Data, which operates Japan's largest bond issuance and payment agent solution, and Progmat, the platform stands to leverage advanced technology for improved insights and asset management in the government sector, enhancing compliance efficiencies and fostering growth in capital markets.
- As the Securitize Japan and NTT Data digital securities platform continues to develop, it is anticipated that they may involve banks and financial institutions, digitizing assets to facilitate improved liquidity and streamlined processes, contributing to the modernization of Japan's finance sector.
