Last week SBI Digital Markets and Securitize announced plans to jointly build a digital asset issuance and distribution platform in Singapore, starting with tokenized bonds in November.
SBI Digital Markets, a subsidiary of SBI Digital Asset Holdings (SBI DAH), received its capital markets services (CPM) license from the Monetary Authority of Singapore (MAS) in September.
Together the companies will target blockchain-based issuance and distribution services targeting institutional investors. SBI Holdings invested in Securitize in 2019.
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