Daily Observation of the Cryptocurrency Industry: Japan's San'in Contract Bank collaborates with NTT Data and Securitize to explore the issuance of bond-type tokens for regional fundraising

Local Banks Access Mature Tokenization Infrastructure

As the Financial Services Agency of Japan continues to improve regulations in the digital securities field, local financial institutions are actively embracing on-chain transformation.

San-in Godo Bank announced that it has signed a tripartite cooperation agreement with NTT Data and Securitize Japan. In this division of labor, San-in Godo Bank relies on its rooted local customer base and creditworthiness, NTT Data provides extensive integration capabilities for traditional financial system-level IT architecture, while Securitize Japan is responsible for providing compliant underlying tokenization contract agreements and investor lifecycle compliance management tools.

Assessing Self-Issued Bond-Type Tokens and Direct Distribution Models

Unlike the earlier path where financial institutions sold tokenized products through intermediary brokers, this study focuses on the "bank self-issuance and self-distribution closed loop."

The core task in the initial phase for the three parties is to comprehensively assess whether San-in Godo Bank can act as the issuer, self-issuing bond-type security tokens based on blockchain as the underlying carrier, and directly selling them compliantly to local and regional investors. If this model passes legal and technical validation, it will effectively reduce the channel costs of intermediary underwriting and significantly lower the fixed friction costs of bond issuance.

Empowering Local Entities: Activating Regional Economic Liquidity through Digital Settlement

This study is backed by a clear demand for regional economic revitalization.

Local banks in Japan generally bear the responsibility of supporting the development of small and medium-sized enterprises and public utilities within their jurisdictions. By issuing bond-type security tokens, banks can digitally split and automate the circulation of traditional corporate bonds or public construction bonds, which originally had high thresholds, allowing ordinary regional investors to conveniently participate in local core project investments. It also provides local enterprises with a more efficient and transparent direct financing channel, effectively activating the existing liquidity of local capital markets.

Japan's Tokenized Securities (STO) Entering Deep Regional Penetration

From the evolution of Japan's digital asset market in early September, with major national conglomerates like Nomura Holdings establishing fully licensed exchanges, to local banks actively exploring self-issuance of bonds and tokenized distribution, it indicates that Japan has established a globally leading legal environment for digital securities. The collaboration between San-in Godo Bank, NTT Data, and Securitize marks that STO is moving away from the early "concept experiment" phase and evolving into a basic financial tool serving the real economy and regional fundraising. With the establishment of tokenized bond issuance standards, the digital connection of Japan's local capital markets is expected to accelerate breakthroughs in the second half of 2026.

Data Source: https://bbx.com/ Cryptocurrency Concept Stock Information Database, compiled based on global listed company announcements and SEC/TSE disclosure documents from yesterday.