MDM & Sumitomo Mitsui Trust Bank Launch "ALTERNA Trust" for Digital Securities

Mitsui & Co. Digital Asset Management (MDM) and Sumitomo Mitsui Trust Bank have jointly established "ALTERNA Trust", a trust company specializing in digital securities, with a view to further development of the digital securities market, with MDM holding 85.1% and Sumitomo Mitsui Trust Bank holding 14.9% of the shares.

ALTERNA Trust is currently preparing multiple projects including its inaugural case, which will be announced subsequently. ALTERNA Trust anticipates structuring digital securities worth 100 billion yen in its first year and aims for cumulative trust assets of 1 trillion yen within 5 years. Initially focusing on real estate, the company envisions future expansion to more diverse asset classes including alternative assets other than real estate, corporate bonds, and debt assets held by Sumitomo Mitsui Trust Bank. The company also plans to advance trust acceptance from asset management companies other than MDM.