Deployments · platform by BOOSTRY
ibet for Fin security token network (BOOSTRY)Updated 18 Oct 2026
A consortium blockchain for Japanese security tokens, led by Nomura-affiliated BOOSTRY and run since April 2021 by a group of Japanese financial institutions (18 in April 2024). It records publicly offered real estate and corporate bond security tokens and some private placements. BOOSTRY reported that it carried ¥51.6 billion, or 53%, of public security token issuance in fiscal 2023. In September 2026 a ¥27.3 billion real estate token backed by the Six Senses Kyoto hotel was issued on it, with SMBC Trust Bank as trustee and Nomura Securities as underwriter.
AnnouncedProof of conceptPilotLive (limited)Live (scaled)
Live (scaled) since Apr 2021[1] · Reviewed 21d ago
- Assets
- Debt securityBeneficial interest[1]Real estate trust beneficiary interests and corporate bonds; the facets describe the real-estate interests, the bonds have their own entry and asset records
- Networks
- Use cases
- Primary issuance[2]Asset servicing[2]
- Jurisdictions
- Japan
Participants
- BOOSTRYPlatform provider, Operator, Technology provider[1]Japan
- NomuraDistributor[2][3]Japan
- HitachiIssuer[3]Japan
- SBI HoldingsIssuer[4]Japan
- SBI SecuritiesDistributor, Issuer[4][5]Japan
- Japan Exchange GroupIssuer[6]Japan
- Dai-ichi LifeInvestor[6]Japan
- Toyota FinanceIssuer[8]Japan
- SMBCPaying or settlement agent, Legal or professional adviser[8]Japan
- MizuhoPaying or settlement agent, Transfer agent or registrar[3][4]Japan
- SMBC Trust BankIssuer[2]Japan
- Wealth Realty ManagementAsset manager[2]Japan
- The 18 consortium operators are not listed in the sources used.[1]
Operates under
- Japan security token rules under the Financial Instruments and Exchange Act (2019 amendment)Japan · Primary legislation[2]
Assets
- IssuesHitachi JPY 10bn 5-year green digital track bond on ibet for Fin, 2023[3]
- IssuesSBI Holdings JPY 10bn 3-year retail security token bond (SBI START bond) on ibet for Fin, 2026[4]
- IssuesJapan Exchange Group JPY 500m green digital track bond on ibet for Fin, 2022[7]
- IssuesSBI Securities JPY 100m 1-year security token bond on ibet for Fin, 2021[5]
- IssuesToyota Finance JPY 1bn 1-year security token bond (TOYOTA Wallet Tsumugu Bond) on ibet for Fin, 2026[8]
Metrics
- ¥51.6bn / yearPublic security token issuance on ibet for Fin · as of Mar 2024[1]Fiscal year to March 2024; 53% of the market.
- ¥27.27bnSix Senses Kyoto token issue size · as of 1 Sep 2026[2]Single issue; shown for scale.
Timeline
- Expected 27 Oct 2026 · Production milestone · recorded 18 Oct 2026Scheduled issue date of the TOYOTA Wallet Tsumugu Bond.[8]
- Happened 1 Sep 2026 · Production milestone · recorded 12 Oct 2026Wealth Realty Management, SMBC Trust Bank, Nomura Securities and BOOSTRY complete a ¥27.3 billion public offering of a real estate token backed by the Six Senses Kyoto hotel, managed on ibet for Fin.[2]
- Happened 18 Aug 2026 · Announcement · recorded 18 Oct 2026Toyota Finance opens subscriptions for its second security token bond, JPY 1 billion for one year, sold directly through the TOYOTA Wallet app with no securities account needed and recorded on ibet for Fin.[8]
- Happened 24 Mar 2026 · Production milestone · recorded 17 Oct 2026SBI Holdings issues a JPY 10 billion three-year security token bond to retail investors on ibet for Fin; trading on ODX's START market begins the next day.[4]
- Happened 2 Apr 2024 · Volume milestone · recorded 12 Oct 2026BOOSTRY reports ibet for Fin carried 53% of Japan's public security token issuance in fiscal 2023, ahead of Progmat, with 18 institutions operating the network.[1]
- Happened 14 Dec 2023 · Production milestone · recorded 17 Oct 2026Hitachi issues a JPY 10 billion five-year green digital track bond with its register on ibet for Fin, which it called Japan's first benchmark-size digital green bond.[3]
- Happened 3 Jun 2022 · Production milestone · recorded 18 Oct 2026
- Happened 27 Apr 2021 · Production milestone · recorded 18 Oct 2026SBI Securities issues a JPY 100 million one-year security token bond to the public at 0.35%, with its register on ibet for Fin and an XRP bonus for holders.[5]
- Happened Apr 2021 (month only) · Launch · recorded 12 Oct 2026ibet for Fin begins operating as a consortium network for security tokens.[1]
Sources
- [1]BOOSTRY Releases Japan Security Token Market Report (FY2023) — BOOSTRY (via Nomura Holdings media room), 2 Apr 2024. Accessed 12 Oct 2026. Operator's own market report..B
- [2]不動産セキュリティ・トークン「ウェルス・リアルティ・トークン シックスセンシズ 京都(譲渡制限付)」の公募及び発行の完了について — Wealth Realty Management, SMBC Trust Bank, Nomura Securities and BOOSTRY (joint release), 1 Sep 2026. Accessed 12 Oct 2026. In Japanese; our summary is translated.B
- [3]Determination of terms for unsecured straight bonds including a digital green bond — Hitachi, 7 Dec 2023. Accessed 17 Oct 2026. In Japanese; our summary is translated.B
- [4]Notice on the start of trading of the security token (ST) bond for retail investors on the START PTS — SBI Holdings, 25 Mar 2026. Accessed 17 Oct 2026. In Japanese; our summary is translated.B
- [5]SBI Securities 1st series unsecured yen security token (ST) bond, pre-contract disclosure document and prospectus — SBI Securities, 19 Apr 2021. Accessed 18 Oct 2026. In Japanese; our summary is translated.A
- [6]JPX sets terms for the green digital track bond, Japan's first digital green bond — Japan Exchange Group, Hitachi, Nomura Securities and BOOSTRY (joint release), 1 Jun 2022. Accessed 18 Oct 2026. In Japanese; our summary is translated.B
- [7]Collaboration on issuing Japan's first green bond using a digital mechanism, the wholesale green digital track bond — Japan Exchange Group, Hitachi, Nomura Securities and BOOSTRY (joint release), 15 Apr 2022. Accessed 18 Oct 2026. In Japanese; our summary is translated.B
- [8]Subscriptions open for the TOYOTA Wallet Tsumugu Bond, a security token bond applied for through TOYOTA Wallet — Toyota Financial Services, Toyota Finance, Sumitomo Mitsui Financial Group and BOOSTRY (joint release), 18 Aug 2026. Accessed 18 Oct 2026. In Japanese; our summary is translated.B
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