Nomura Issues Security Tokens Backed by Domestic VC Fund Beneficial Interest Using J-Ships Scheme
Nomura Holdings, Nomura Asset Management, Nomura Trust and Banking, and BOOSTRY have completed issuance procedures for the “Nomura Private Series B Dash Fund 5 Tokenized VC Fund (Transfer-Restricted)”, a private placement security token totaling approximately 8 billion yen.
The Fund is Japan’s first security token to invest in venture capital (VC) funds and the first to use the J-Ships Framework for professional investors (“Tokutei Toushika”).
Recordkeeping and transfers of investor’s beneficial interests will be conducted on the consortium blockchain platform “ibet for Fin,” developed and led by BOOSTRY.
VC investments using limited liability partnerships usually involve complex contracts and administrative processes that create barriers for investors. Tokenized beneficial interests simplify these procedures, making it easier for professional investors, including eligible individuals, to access new VC fund opportunities.
VC investment provides capital to domestic growth companies and helps drive innovation. By issuing private placement security tokens for VC investments structured as limited liability partnerships, Nomura aims to enhance the efficiency and transparency of managing beneficial interests and their trading.
Tokenization enables electronic registration of holdings and automated transfer of rights, substantially reducing previously burdensome administrative processes. The scheme complies with relevant laws and regulations under the Financial Instruments and Exchange Act and adheres to internal control standards, ensuring secure and reliable operations.
As part of its strategy to expand business in the private markets to complement its public market businesses, Nomura has broadened clients’ access to private assets across products and services.
The Fund is part of these initiatives. Nomura Group will continue to provide clients with a wide range of opportunities to invest in private assets.
Norbert Gehrke
