[Digital Securities Forum 2023]Promoting the digitalization of rights and challenging the expansion of capital markets | CoinDesk JAPAN

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A variety of securitized products have been created in Japan’s digital securities (ST) market, and there are many variations. Toshinori Sasaki, CEO of BOOSTRY, says that the efforts of Japanese financial institutions are advanced even by world standards. We spoke to him about what is needed in the future in the ever-expanding ST market.

BOOSTRY
Representative Director and CEO
Mr. Toshinori Sasaki

After graduating from the Graduate School of Systems and Information Engineering at the University of Tsukuba, he engaged in financial IT consulting at SAP Japan, corporate fundraising work at Nomura Securities’ IB division, and new business development within the Nomura Group. Founded BOOSTRY in September 2019 and assumed current position. He is working on realizing P2P finance and marketing x finance.

ST expands existing capital market

Japanese financial institutions’ efforts toward the major theme of expanding the capital market, “Blockchain x Capital Market,” are advanced even when viewed from a global perspective. Digital securities (ST) financial products include corporate bonds and various securitized product schemes, and target investors are expanding from individual investors to institutional investors. Another characteristic of the Japanese market is that there is a wide variation in transaction methods, including public offerings for general investors, private placements for limited investors, and self-offerings in which issuing companies recruit investors themselves. In the financial market, where change is generally difficult, I think it has become a valuable asset that is taking on challenges.

Since ST is a mechanism based on blockchain, a new technology, each financial institution has been experiencing the characteristics of ST and considering useful ways to use it through various initiatives over the past few years.

In the future, there will likely be cases where ST expands existing capital markets through new financial products and new transactions that take advantage of ST’s characteristics, and we are already seeing such moves. By 2024 or 2025, a new funding method unique to ST will have been established.

Market development requires a shared foundation

BOOSTRY is often misunderstood as a company that provides ST infrastructure, but we are an IT company that promotes the “digitization of rights.” The ST market provides a system for companies such as financial institutions to connect to blockchain. We believe that the ST platform has no meaning unless it is a shared platform like the ibet for Fin consortium, where no organization has a monopoly. We would like to implement the system.

ST will continue to expand its capital markets. This does not mean replacing traditional financial products, but rather expanding the usage scenarios and transaction formats of capital markets. Join us in building an expanding capital markets ecosystem.

｜Reprinted from Nihon Keizai Shimbun “Digital Securities Forum 2023 Advertisement Special Feature” dated December 5, 2023
｜Image: CoinDesk JAPAN