Securitize and the Japan Security Token Association (JSTA), an association advocating for a compliant digital securities industry, have partnered to accelerate the adoption of digital securities in Japan.
According to a release, Securitize and JSTA will work closely with financial institutions and businesses to educate them on the advantages of digital assets. The duo will also work with securities regulators as they advance their vision of digital assets and secondary trading platforms.
JSTA’s local knowledge should help in creating “pathways for international and local businesses and investors to transact and trade” in Japan.
Securitize states that their platform and protocol are a “proven global solution for issuing and managing digital securities on both public and permission-based blockchains.”
Securitize shares that there are currently eight issued digital securities running on the Securitize platform and DS Protocol, with four of them trading on public markets like Open Finance Network.
“Our partnership with the Japan Security Token Association illustrates our dedication to the Japanese market and our belief that Japan will not only continue to be one of the leading traditional financial centers but will also lead in the development and adoption of digital securities as the future of all securities,” commented Carlos Domingo, CEO and Co-Founder of Securitize.
Go Masuda, Co-Chairman of JSTA, believes that Japan is at the dawn of a new financial era:
“ Securitize is exactly the best partner for JSTA, so as to enlighten the existing financial market and promote practical uses of digital securities, aligned with the coming regulations and legal frameworks.”
Securitize currently has multiple projects running in Asia, including a deal with Elevated Returns to tokenize over $1 billion in real estate in Thailand on the Tezos blockchain.