Last week Sony Bank, the online bank that’s an indirect subsidiary of Sony Group, made two blockchain-related announcements. In the summer, it plans to launch a Sony Bank CONNECT app for NFTs and other web3 entertainment rewards linked to its financial services. It also unveiled a US dollar green finance security token targeted at Japanese customers.
Investors who buy the security tokens may also receive NFTs. The security tokens will be issued on the Securitize private blockchain platform, based on a trust created by Sumitomo Mitsui Trust Bank (SuMi TRUST).
Through security tokens, investors can lend money to Sony Bank, which will place the funds in the trust. The trust will invest in green projects relating to climate change, water and biodiversity. It may also buy green bonds. The token issuance is fairly small at $1 million, with a minimum $1,000 investment. To qualify for the NFTs, clients must invest and respond to a survey that will likely relate to the CONNECT platform and/or security tokens.
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