The Asian regulated digital asset exchange, DigiFT, has created a joint venture SBI Onchain with Japan’s SBI. SBI Onchain will help with the institutional tokenization of real world assets (RWA) in Japan and link them to other digital asset markets. SBI was the lead investor in DigiFT’s August funding round, and is one of the most prolific institutional backers of digital asset startups globally.
The joint venture has multiple goals, with the first being to develop tokenization technology, a risk management framework and compliant legal structure for Japanese tokenization. And to connect the assets with onchain markets in other jurisdictions. They plan to collaborate with asset managers to tokenize funds and engage with regulators regarding the use of tokenization on public blockchains.
DigiFT has several licenses, including as a Recognized Market Operator (RMO) and a Capital Markets Services (CMS) license in Singapore. Plus, its Hong Kong entity also holds similar licenses. The company is perhaps best known as the distributor of the UBS uMint tokenized money market fund, but its platform also lists offerings from Invesco, CMB International Asset Management and Wellington Management.
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