Mitsubishi UFJ Trust and Banking announced on April 28 that it has newly issued an asset-backed security token (hereafter, asset-backed ST) in collaboration with Kenedix and Daiwa Securities.
The issuance platform uses “Progmat,” an issuance and management platform for all digital assets developed by the trust bank. The platform will be transferred to an independent company, Progmat Co., Ltd. (provisional name), from September this year.
In addition to Mitsubishi UFI Trust and Banking, Mizuho Trust & Banking, Sumitomo Mitsui Trust Bank, Sumitomo Mitsui Financial Group, SBI PTS Holdings, JPX Research Institute, and NTT DATA will join the establishment of Progmat Co., Ltd. (provisional name), aiming for a “national infrastructure” Consideration is recommended.
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This time, the asset-backed ST will form a beneficiary certificate issuance trust with the real estate trust beneficiary right of the accommodation facility “ONSEN RYOKAN Yuen Sapporo” in Sapporo as the underlying asset, and furthermore, the beneficiary right will be made smaller as a “Security Token (ST)”. ” was sold as. Recruitment is already closed and sold out.
In addition to ST, the right to exchange souvenirs sold at the same accommodation facility (equivalent to 1930 yen including tax) will be granted as a utility token (UT). UT will be granted using the infrastructure platform “Progmat UT”, the web app “Token Manager” for UT issuing companies, and the mobile app “Token Wallet” for UT holders.
As a result of this initiative, Mitsubishi UFJ Trust and Banking will be the trustee of the 8th case of issuing an asset-backed ST using “Progmat” and the 3rd case of issuing a UT for the purpose of fan marketing. The balance of assets under management (AUM) of the beneficiary certificate issuing trust for the purpose of issuing backed ST is said to be approximately 43 billion yen.
｜Editing: Takayuki Masuda
｜Image: From the press release