Sony Bank to Issue Dollar-Denominated Tokenized Securities on July 29 for Music Copyright Portfolio

SONY-0.43%
According to NADA NEWS, Sony Bank will issue dollar-denominated tokenized securities on July 29, with proceeds directed to a music copyright investment portfolio jointly established by Singapore's Government Investment Company (GIC) and Sony Music Group. The portfolio generates revenue from music rights across streaming platforms, radio, film, television, and advertising. The asset management infrastructure is built on a private blockchain provided by Securitize Japan.
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