SBI wallet integrates with Securitize platform
SBI Digital, the digital asset management division of the SBI Group and Securitize Japan Co. announced a partnership to integrate Securitize’s digital securities issuance and management platform with SBI’s investor wallet and custody solution “sbiwallet”. This step was taken to provide a one-stop service for the Japanese market as stated in the official announcement.
Securitize, regulated in the U.S. by the SEC and FINRA, has been a popular solution used by many customers to help digital securities issuers sell, issue, and manage digital securities in an efficient and compliant manner. The announcement noted that:
“By integrating with SBI DAH’s Investor Wallet Custody Solution (sbiwallet), Securitize will be able to provide customers with a one-stop digital securities management solution with world-class convenience and security.”
SBI Digital Asset Holdings has been carrying the crypto torch in Asia and had recently announced plans to establish a Singapore-based digital asset exchange with the SIX Group. The bank has also been working with Ripple to provide cross-border solutions to many of its customers, while also establishing a joint venture with the company.
According to the Country Head of Securitize Japan, Hideji Kobayashi:
“This partnership will give our customers a one-stop access to the STO platform with industry-leading security and convenience. Through this, the STO market in Japan I would be happy if I could help with the development.”
SBI Digital Assets Holdings is a division under the umbrella of SBI Holdings in the field of digital assets. The CEO of SBI Digital Assets Holdings was looking forward to driving the growth of digital solutions in Japan and highlighted that a method to achieve this was by integrating sbiwallet with the Securitize platform. SBI DAH has been an active member in the field and its partners include B2C2, TaoTao, Börse Stuttgart Digital Exchange, BRD, R3, and Ripple.