Yesterday Securitize Japan announced it is partnering NTT Data to develop a compliant security token platform for the Japanese market.
So far, the companies have together defined the scope for a localized project and plan to market the digital securities offering to their clients.
NTT Data has been part of some high profile blockchain projects. In Italy, it was the implementation partner in the Italian interbank reconciliation project Spunta which has more than 100 banks and is in full production.
And in Japan, there is TradeWaltz, the trade digitization blockchain project founded by NTT Data that received more than $20 million in funding last month. Six other firms invested, including conglomerates Mitsubishi, Toyota Tsusho and Kanematsu. The other three were MUFG and insurers Tokio Marine & Nichido Fire and Sompo.
San Francisco-based Securitize already has a security token issuance platform and received investment from numerous high-profile Japanese firms, including Sony Financial Ventures, Nomura, MUFG and SBI.
However, SBI and Nomura also jointly have their BOOSTRY platform, which currently is focused on bond issuance. Plus SBI recently announced a digital asset venture with SIX targeting Asia.
Meanwhile, Securitize Japan has developed a real estate token platform with local real estate aggregator LIFULL. Yesterday it was announced that real estate crowdfunding startup Ooya.com (cf-ooya.com) would start tokenizing a local property next week using the LIFULL/Securitize platform. The property tokenization is for 200 million Yen ($1.92 million).
Ooya is indirectly part of Prospect Co, which has a stock market capitalization of $170 million.