Consortium sponsored by Progmat begins joint consideration of “venture capital x digital securitization” | CoinDesk JAPAN

The “Digital Asset Co-Creation Consortium (DCC, number of 233 member organizations)” sponsored by Progmat, which handles the issuance and management infrastructure of security tokens (digital securities) and stable coins, has joined the “Startup Investment Promotion Working Group ( WGWG) will be established and joint discussions will begin.

The purpose is to contribute to the realization of the government’s “5-year startup development plan,” which aims to increase startup investment by more than 10 times in five years. By combining “venture capital,” which provides the funds necessary for startups’ growth, and “digital securitization,” which expands individuals’ options for building assets, we create a framework that promotes investment in startups from individuals. This will lead to the extraction of requests for product composition and regulatory revisions.

The “Digital Asset Co-Creation Consortium (DCC)” was established in November 2019 as the “ST Research Consortium” with the aim of quickly implementing and disseminating security tokens (ST, digital securities) in society. In April 2022, it was reorganized as DCC, and in October 2023, in line with Progmat becoming an independent company, the secretariat of DCC was transferred from Mitsubishi UFJ Trust and Banking to Progmat. We are disclosing information from a more neutral, cross-industry standpoint.

The joint study is scheduled to kick off in January 2024, and an “interim review” will be published in spring 2024. The company also aims to implement individual product creation projects based on the “interim review” starting in fiscal 2024.

｜Text/Editing: CoinDesk JAPAN Editorial Department
｜Image: From materials