As Japan’s digital securities outstanding balance reached approximately ¥910.4 billion, the Norinchukin Group made its first foray into the sector.
Around November 5, Norinchukin Trust and Banking, a wholly owned subsidiary of Norinchukin, announced a partnership with Kenedix, KDX ST, SBI Securities, and Progmat. This marks the group’s first entry into the digital securities business, and the partners plan to use Progmat to create their first real estate digital security.
Norinchukin Trust and Banking will act as trustee for the trust issuing the beneficiary certificates, managing the trust assets and the register of beneficial interests. SBI Securities will handle underwriting and sales. Statistics cited in an appendix to the announcement put Japan’s digital securities outstanding balance at approximately ¥910.4 billion as of around the end of October, with cumulative issuance of approximately ¥467.3 billion across 102 offerings.
Announcing an entry into the market ≠ having already issued the first real estate digital security; a partnership ≠ having already begun sales to individual investors.
#RWA #Custody
Around November 5, Norinchukin Trust and Banking, a wholly owned subsidiary of Norinchukin, announced a partnership with Kenedix, KDX ST, SBI Securities, and Progmat. This marks the group’s first entry into the digital securities business, and the partners plan to use Progmat to create their first real estate digital security.
Norinchukin Trust and Banking will act as trustee for the trust issuing the beneficiary certificates, managing the trust assets and the register of beneficial interests. SBI Securities will handle underwriting and sales. Statistics cited in an appendix to the announcement put Japan’s digital securities outstanding balance at approximately ¥910.4 billion as of around the end of October, with cumulative issuance of approximately ¥467.3 billion across 102 offerings.
Announcing an entry into the market ≠ having already issued the first real estate digital security; a partnership ≠ having already begun sales to individual investors.
#RWA #Custody
