Among trust banks, there is a series of moves to enter the digital securities market.
By making large-scale assets such as real estate smaller using blockchain technology so that individuals can easily invest, the aim is to support asset formation and attract new customers.
Digital securities are securities that have been digitized by utilizing blockchain technology. Large assets such as real estate and aircraft can be made into small lots. There are benefits to increasing the means of raising funds.
From this month, Mizuho Trust & Banking has sold more than 2.1 billion yen of the assets of a hot spring inn in Yuzawa, Niigata Prefecture, as digital securities that can be purchased from two units for 1 million yen per unit.
If you invest in digital securities, you can get distributions according to the management situation, so the bank also aims to support asset formation and attract new customers.
Kei Umeda, president of Mizuho Trust & Banking, commented, "With most of the assets under management of individuals remaining in deposits, we would like to play a role as a bridge for funds to invest in real estate. While convenience will improve, we will also disclose and explain risks to individuals. I think it's important to stay strong," he said.
Mitsubishi UFJ Trust and Banking and Sumitomo Mitsui Trust Bank are also making inroads into the digital securities market, and major trust companies are collaborating to develop systems that will form the basis of the market.