Boostry launches “E-Wallet SaaS” service for security token sales

BOOSTRY has started providing the “E-Wallet SaaS” web service, which is equipped with functions necessary for managing security tokens (STs) when financial institutions (mainly securities companies and banks) sell STs to their customers.

In fiscal 2023, the total issuance amount (public offering) of STs in Japan reached 97.6 billion yen, a 5.8-fold increase from the previous fiscal year, indicating the rapid development of the domestic ST market. To meet the diverse needs of market participants, in addition to providing ST sales business functions for financial institutions through the conventional packaged software version of E-Wallet, Boostry has newly started offering E-Wallet functions in a SaaS format. By utilizing this service, financial institutions can use web-based management functions necessary when selling STs to customers. Financial institutions using this service do not need to build their own infrastructure, which was previously required for the packaged software version, enabling them to start ST sales operations in a short period and at a low cost, as well as reducing personnel and costs for mid-term infrastructure operation.

This service has already started being used by Mitsui & Co. Digital Asset Management, where its strength as a SaaS offering enabled an extremely short implementation period. Additionally, implementation projects are underway at several other financial institutions. Boostry will continue to improve and expand functions, expand the scope of operations and products covered, and contribute to the revitalization of the digital capital market so that many financial institutions can utilize this service.

Service Overview

This service comprehensively provides functions necessary for ST management when financial institutions sell STs to customers, such as private key management, transaction transmission to blockchains, ST balance reconciliation, etc. All functions can be operated through a web dashboard. In addition to connecting with the “ibet for Fin” blockchain network, the service also supports connections with other blockchain networks, the secondary trading PTS “START” for STs provided by the Osaka Digital Exchange, and core securities systems. By utilizing these connection functions, efficiencies can be achieved, such as eliminating the need for email-based coordination and reducing system modification requirements for financial institutions.

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