Token management company Securitize announced that it has acquired Japanese blockchain consultant BUIDL, in a bid to expand its operations into the Asian market and tap into the growing number of investors in the region.

Bright Prospects for the Security Token Industry in Japan

According to a report by Decrypt, the announcement from Securitize emerged only a few days after the Japanese Act on Settlement Funds and the Financial Instruments and Exchange Act were enacted. 

As these Acts stated that security tokens are “liquid securities,” this type of asset is now easily tradable on the markets and can conveniently be converted into fiat.

Carlos Domingo, co-founder and CEO of Securitize, disclosed in a statement that BUIDL will help the firm find its footing in Asia.

“By acquiring BUIDL—a proven security token leader and blockchain innovator in Japan—Securitize is immediately better positioned to help develop the institutional-grade security token industry in Japan, Asia and beyond,” he said.

Developing Capital Markets with Blockchain Technology

Tokyo-based BUIDL was recently founded in late 2018 by Yasuhiko Yurimoto, a Securitize shareholder and CEO of venture capital company Global Brain, together with Jun Hasegawa, CEO of blockchain payment provider Omise. 

BUIDL is recognized as a firm that offers advisory and financial consultation to a number of crypto and blockchain projects in Japan.

Hasegawa disclosed that he and Yurimoto will be joining the board of directors at Securitize, while the acquisition process is likely to be completed by the end of the year, depending on the timeline in which the Japanese authorities grant approval for the transaction.

“We are very happy to be joining Securitize as our businesses are very complementary,” stated Hasegawa. “Together, we will be able to realize the vision of modernizing capital markets with blockchain technology.”

Source: https://decrypt.co

About Asia Blockchain Review

Asia Blockchain Review is the largest initiative for media and community building in Asia for blockchain technology. It aims to connect all blockchain enthusiasts on a regional scale and facilitate the technological foundation of blockchain through a range of group discussions, technical workshops, conferences, and consulting programs.

Our goal is to cultivate and encourage a collaborative community for our members to gather, share their experiences and endeavors in the blockchain space, and brainstorm the potential uses of blockchain technology.

Follow Asia Blockchain Review on:

• Telegram: https://t.me/asiablockchainreview
• Facebook: https://www.facebook.com/pg/asiablockchainreview
• Twitter: https://twitter.com/abr_blockchain
• LinkedIn: https://www.linkedin.com/company/asia-blockchain-review/
• Website: https://www.asiablockchainreview.com/
• Email: [email protected]
• Youtube: https://www.youtube.com/channel/UCMQ5CVu0c9-pMlwB8LUvkiA