Securitize and the Japan Security Token Association (JSTA), an advocacy association that supports the digital securities industry, have partnered to encourage the adoption of digital securities in Japan, according to a June 19th report by Cointelegraph Japan.
Securitize and JSTA will collaborate to educate Japanese financial institutions and businesses on the pros and cons of digital assets. The two parties will also work in collaboration with regulators to bring forth the development of digital assets and trading platforms.
According to Securitize Co-Founder and CEO Carlos Domingo, this joint project reportedly aims to encourage security token adoption in financial markets by promoting their practical use cases, as well as making sure the industry understands all the regulatory and legal frameworks.
“Our partnership with the Japan Security Token Association illustrates our dedication to the Japanese market and our belief that Japan will continue to be one of the leading traditional financial centers but also in the development and adoption of digital securities as the future of all securities,” Domingo said.
JSTA Co-Chairman Go Masuda expressed confidence in the partnership with Securitize, adding that Japan is now prepared for the new financial era.
“Securitize is exactly the best partner for JSTA, so as to enlighten the existing financial market and promote practical uses of digital securities, aligned with the coming regulations and legal frameworks,” Masuda said.
Securitize has initiated multiple projects in Asia so far, including a deal with Elevated Returns to tokenize over US$1 billion in real estate in Thailand on the Tezos blockchain.
Moreover, the Securitize Digital Securities (DS) Protocol has been widely recognized and employed in several large-scale projects in the security token industry.
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