In a 2020 update on progress, digital securities platform and SEC-registered transfer agent Securitize said that Japan, with its penchant for technology and history of early adoption, will be a global leader in both adoption and advancing the digital securities industry. This is in part because of a new law that clarifies the status of security tokens.
Securitize has joined a number of industry groups in Japan to advance digital securities development and adoption, including the MUFG-led Security Token Research Consortium in November of 2019, and the SBI Holdings led JSTOA in June of 2020, among other activities.
The company’s co-founder and CEO, Carlos Domingo, also highlighted global developments that “both caught (his) attention and are credible”:
- Figure issuing $150 million in securities on their proprietary and permissioned based blockchain Provenance
- Symbiont work with Vanguard on FX Forwards
- Arca with their tokenized fund of US treasuries,
- DTCC with their pilot program for security tokens, Project Whitney