Last weekĀ SBI Digital MarketsĀ andĀ SecuritizeĀ announced plans to jointly build a digital asset issuance and distribution platform in Singapore, starting withĀ tokenized bondsĀ in November.Ā
SBI Digital Markets, a subsidiary of SBI Digital Asset Holdings (SBI DAH), received its capital markets services (CPM) license from the Monetary Authority of Singapore (MAS) in September.
Together the companies will target blockchain-based issuance and distribution services targeting institutional investors. SBI HoldingsĀ invested in SecuritizeĀ in 2019.
Thereās a need for a marketplace for tokenized assets as well. SBI Digital Assets Holdings has a joint venture with the SIX Digital Exchange (SDX) forĀ AsiaNext, a Singapore exchange for secondary market trading of both cryptocurrencies and tokenized securities. AsiaNext will collaborate with SBI Digital Markets, but not on an exclusive basis.
SecuritizeĀ has been involved in several tokenizations of private company stock. More recently, it has been part of several tokenized fund issuances. These include tokenizing part of aĀ KKR fund, collaborating with investment managerĀ Hamilton LaneĀ for a tokenized feeder fund, as well as anĀ art fund.