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Sumitomo Mitsui Trust Bank launched an asset-backed security token

Tuesday 30 March 2021 12:19 CET | News

Sumitomo Mitsui Trust Bank (SMTB) has completed one of Japan’s 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 used 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.

The security tokens are also compliant according to the FIEA.


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Keywords: banks, security token, transactions , tokenization
Categories: DeFi & Crypto & Web3
Companies:
Countries: Japan
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DeFi & Crypto & Web3