TechFlow reported on January 3 that, according to Ledger Insights, Mizuho Securities has partnered with Blue Sky Solar to conduct the first private securities token offering (STO) for a solar energy business.
The tokenization involves revenue from a limited liability company (LLC) operating eight solar power facilities with a total output capacity of 9.5 megawatts, capable of powering approximately 9,000 households. The issuance utilized BOOSTRY's iBet for Fin platform, Japan's second-largest digital securities blockchain network.
Mizuho Securities stated this is Japan's first tokenized private placement fund for infrastructure. The tokens are transferable only upon holder request and subject to approval.
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