Mizuho Securities collaborates with Blue Sky Solar for private placement of security tokens

ChainCatcher news, Mizuho Securities has partnered with Blue Sky Solar to launch the first private placement of security token offerings (STO) for solar business.

The tokenization involves the revenue of a limited liability company (LLC) related to 8 solar power generation facilities, with a total output of 9.5 megawatts, capable of providing electricity to approximately 9,000 households. This issuance utilizes BOOSTRY's iBet for Fin platform, which is Japan's second-largest digital securities blockchain network.

Mizuho Securities stated that this is Japan's first tokenized infrastructure private placement fund. The token can only be transferred upon the holder's request and approval.