Today SBI Securities launched its first Security Token Offering (STO) targeted at retail investors. The blockchain-based STO was for a corporate bond issued by SBI Securities itself.
Last year SBI invested in BOOSTRY, a company set up by Nomura and Nomura Research which developed the ‘ibet for FI’ security token platform used for this issuance.
Perhaps because it’s the first retail attempt, the issuance is not massive at Yen 100 million ($920,000). The minimum investment is Yen 100,000 ($921), and the interest rate on the one year bond is 0.35%.
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