SBI Digital Markets partners with Securitize to launch Digital Asset Securities Platform into APAC under Singapore Licence
Backed by Japanese conglomerate SBI Group and SBI Digital Asset Holdings, SBI Digital Markets leverages U.S. fintech Securitize’s technology – to meet surging institutional demand for digital assets
Singapore, 11 October 2022 – SBI Digital Markets Pte. Ltd. (SBI DM), a subsidiary of Tokyo-based SBI Digital Asset Holdings (SBI DAH), will launch its Singapore-licensed digital asset securities issuance platform by leveraging the technology of U.S.-based fintech Securitize.
SBI DM was recently awarded the Monetary Authority of Singapore’s Capital Markets Services Licence, allowing it to deal in tokenized securities. This also marks an expansion by Securitize into APAC, having already built a significant footprint in the U.S., Europe and Japan.
SBI DM will utilize the Securitize platform for tokenized securities issuance and distribution, beginning with bonds and adding other asset classes in the future. Integration and testing work is nearing completion with the best-in-class solution planned to go live in November 2022.
As well as dealing in capital markets products, SBI DM is also licensed to conduct regulated activities across advising on corporate finance and providing custodial services. SBI DM is building an ecosystem to help traditional financial service operators capture growth opportunities fueled by the advent of, and demand for digital assets.
‘Institutions in Asia that are venturing into digital asset investments are urged to do so compliantly, securely and confidently. Here at SBI Digital Markets we have depth in all three – our CMS Licence assures compliance, our partnership with Securitize offers proven security, and being backed by SBI Group and SBI Digital Asset Holdings affords confidence from our parent company’s long-standing reputation, plus the unrivaled reach of our extensive network. Via our digital assets platform, and our overall ecosystem, we look forward to delivering a fresh range of products, to a wider investor pool,” said Winston Quek, Chief Executive Officer SBI Digital Markets.
SBI DM was created in late 2020 with the ambition of becoming a top-tier Singapore-based digital asset business for financial institutions. It is a subsidiary of SBI Digital Asset Holdings Co., Ltd. (SBI DAH) which is a digital asset arm of major financial conglomerate SBI Group.
Securitize is the world’s leading platform for tokenizing and accessing securitized financial products, enabling businesses to raise capital and investors to access digital asset security opportunities never before possible.
“The demand to invest in digital assets, including in shares of private companies, as well as tokenized bonds and funds, is growing rapidly and globally. Securitize is the leading platform for tokenizing, investing in and trading digital asset securities in the U.S., and is expanding in both Europe and Asia. We are very proud SBI has chosen to leverage our proven platform in its own expansion into Singapore and the broader APAC region,” said Jamie Finn, President and co-founder of Securitize.
It was recently announced that SBI Digital Markets’ parent company, SBI Digital Asset Holdings is part of ‘Project Guardian’, the Monetary Authority of Singapore’s tokenisation initiative. SBI DAH is working alongside JP Morgan, DBS and Marketnode to explore the institutional trading of tokenised bonds and deposits to improve efficiency and liquidity in wholesale funding markets.
SBI Digital Markets (SBI DM) is building an ecosystem for issuance, custody, management, and liquidity for digital assets. SBI DM was awarded its CMS Licence mid-September 2022. Find out more at https://sbidah.com
About SBI Digital Markets
SBI DM was created in late 2020 as a subsidiary of SBI Group’s digital asset arm SBI Digital Asset Holdings Co., Ltd. (“SBI DAH”) with the ambition to become a top-tier Singapore-based digital asset business for financial institutions. SBI DM is set to directly target the growing demand for public and private institutional digital assets by providing institutional services, including issuance, corporate advisory, and custody of digital assets. https://sbidah.com
About SBI Digital Asset Holdings and the SBI Group
SBI Digital Asset Holdings endeavors to bring innovation to the financial industry by building an ecosystem for issuance, custody, management, and liquidity for digital assets. SBI Digital Asset Holdings, via SBI group companies, has strong links with other group investments such as Ripple, R3, B2C2, Securitize, Elliptic and has inroads to banking and securities infrastructure across Asia with businesses in Thailand, South Korea, Hong Kong, Malaysia, and Cambodia. SBI DAH has investments in key portfolio companies including Sygnum, Boerse Stuttgart Digital Exchange, Lancium, and Tangem among others. Through SBI Digital Markets and Asia Digital Exchange, the group is growing its presence in the region to help shape the digital asset ecosystem and contribute towards making Singapore one of the world’s leading digital asset hubs.
The SBI Group is a leading financial conglomerate based in Japan. The SBI Group’s core businesses include Online Financial Services Business, Asset Management Business, Investment Business and Crypto-asset Business. In addition, it is one of the largest Japanese private equity firms and leverages its extensive eco-system to further drive the value of its investments. Please visit www.sbidah.com and www.sbigroup.co.jp for more information
About Securitize
Securitize is the world’s leading platform for tokenizing and accessing securitized financial products, enabling businesses to raise capital and investors to access digital asset security opportunities never before possible. Securitize’s end-to-end solution enables private companies to onboard and manage shareholders, raise capital, and enable potential liquidity, as well as allows investors to access equity in private companies and tokenized funds, consistent with securities laws. With over 1.2 million investors and 3,000 businesses already connected, Securitize is comprised of Securitize, Inc, and its subsidiaries Securitize, LLC and Pacific Stock Transfer (both SEC-registered transfer agents), Securitize Capital, LLC, Securitize Markets, LLC (an SEC-registered broker-dealer, member of FINRA and SIPC, and operator of the company’s alternative trading system). Learn more at http://www.securitize.io.
Media Contacts
Securitize: Evan Wagner, evan.wagner@securitize.io
SBI Digital Markets: media@sbidigitalmarkets.com
SBI Digital Asset Holdings: contact@sbidah.com
Disclosures
Investing and trading in capital market products, including equities, bonds, options, structured products, private market investments, and funds are speculative and considered risky, including potential loss of your investment, and may not be appropriate for every investor. Some capital market products may be considered as an illiquid asset class; investors may not be able to sell their investments when they want to without potentially incurring high losses. Any discussion of liquidity is purely speculative. Past performance is not indicative of future results. Investors are advised to read the relevant product specific terms and consult professional advisors, where appropriate.