Japan’s SBI, Securitize Bringing Security Tokens to Crypto Wallet for Institutions

SBI Digital Asset Holdings is to integrate its institution-focused digital assets wallet with the digital securities platform from Securitize, a regulated U.S.-headquartered firm.

• In an announcement, Securitize's Japanese arm said the integration would enable users of the "sbiwallet" to sell, issue and manage tokenized securities directly within the app.
• Securitize, which is regulated in the U.S. by the Securities and Exchange Commission and FINRA as a transfer agent and broker-dealer, offers a way to issue and sell blockchain tokens representing securities and manage them over their lifecycle.
• "This partnership will give our customers a one-stop access to the [security token] platform with industry-leading security and convenience,” said Securitize Japan, country head Hidetoshi Kobayashi.
• SBI Wallet is a digital asset wallet and custody solution for institutional investors said to offer high levels of security and regulatory compliance.
• SBI Digital Asset Holdings, a subsidiary of Japanese financial giant SBI Holdings, inked a deal with Switzerland’s SIX Digital Exchange to offer digital asset trading for institutional investors in Singapore earlier this month.

See also: SBI Teams Up With Swiss SIX Exchange to Offer Institutional Crypto Services in Singapore