Securitize Partners with Japan Security Token Association to Strengthen Asian Market Presence
As of June 18th 2019, Securitize has partnered with the Japan Security Token Association (JSTA) to strengthen its presence in the Asian Market. Securitize and the DS Protocol have already made a notable impact in the US digital securities market, which they now seemingly intend to bring to the region of Asia.
Securitize and the Japan Security Token Association Explained
Earlier this year, Securitize entered the Asian securities market through a partnership with Coinstreet and STO Global-X.
Now, the firm has partnered with a Japanese educational and advocacy organization— the JSTA— to strengthen its position in Asia.
Through the partnership, Securitize will work with local and international business regulators to bring security tokens to the region of Asia.
According to Securitize Co-Founder and CEO Carlos Domingo,
“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.”
Securitize already has several existing projects in Asia.
Previously, the firm announced a partnership with Elevated Returns to tokenize $1 billion worth of real estate.
In addition, the Securitize Digital Securities (DS) Protocol was utilized in numerous ground-breaking deals for the security token industry.
Aspencoin, a digital security linked to a luxury resort in Colorado USA, transitioned to the DS protocol earlier this year.
In late 2018, Securitize was part of the world’s first peer-to-peer transfer of a security token on a public blockchain.
This is precisely the reputation that Securitize now looks to bring to the Asian securities market.
What do you think of Securitize’s strategic plan to lead the securities market in Asia? Let us know what you think in the comments section below.
Image courtesy of Securitize.