Platt Home Co., Ltd. announced a business partnership with Securitize Japan Co., Ltd., a company that provides a platform for issuing and managing the lifecycle of security tokens (hereinafter referred to as ST)/digital securities, in order to promote its Web3 business.
This partnership will combine Securitize’s top-class track record in the financial sector (ST) with PlattHome’s tokenization technology in non-financial sectors that utilizes IoT, and is expected to create a new market for tokenizing a wide range of real-world assets.
RWA is a mechanism for tokenizing tangible and intangible assets that exist in the real world, and its scope of application is expanding to both financial and non-financial fields. McKinsey, a major US consultant, predicts that the RWA tokenization market will grow to 320 trillion yen worldwide by 2030.
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PlattHome is a pioneer in IoT technology and is developing the ThingsToken technology for tokenizing tangible assets, while Securitize provides solutions and platforms for ST/digital securities and has a top-class track record globally.
Through this partnership, the two companies will promote a comprehensive RWA business that covers all RWA, both financial and non-financial, with the aim of entering the worldwide global market.
SOURCE: PRTimes
