Yesterday Japan’s SBI announced it invested in BOOSTRY, which has an open source blockchain platform for tokenizing digital assets or security tokens. BOOSTRY was set up last year as a joint venture between Nomura and Nomura Research Institute (NRI), with the latter owning a 34% stake. NRI’s shareholding is unchanged, but SBI now owns 10%, leaving Nomura with 56%.
The companies aim to pool their knowledge with regard to blockchain and security tokens. Both have significant experience, with Nomura doing the groundwork with BOOSTRY and SBI making numerous investments and deals which we previously outlined. BOOSTRY positioned the deal as “Promotion of the Securities Token Business”.
BOOSTRY, Nomura and SBI are members of Japan’s Security Token Offering (STO) Association alongside many of Japan’s largest securities firms such a SMBC, Daiwa, Tokai Tokyo and Rakuten. The major absentee is Japan’s largest banking group MUFG which has its own STO research initiative. Another member of the Japan STO Association is tokenization firm Securitize which received investment from SBI, Nomura and MUFG.
Article continues …
Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.
