Nomura is tokenizing a venture capital fund associated with B DASH Ventures, which will be made available to professional investors, including high net worth individuals (HNWIs). While the total fund is Yen 20 billion ($128m), the security token will account for Yen 8 billion ($51m).
The issuance will use the “ibet for Fin” blockchain which was developed by BOOSTRY, a company founded by Nomura and Nomura Research Institute.
The securities firm says it is the first to use the J-Ships Framework with a security token. J-Ships is a Japan Securities Dealer Association (JSDA) framework that allows professional investors to access unlisted company investments.
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