Sumitomo Mitsui Trust Bank announced on July 9 that it has launched a real-world pilot aimed at tokenizing beneficiary rights of a money market fund (MMF) registered in the Cayman Islands on a public blockchain—an industry first among trust banks in Japan. The tokenized beneficiary rights will be treated as digital securities, and the project will receive technical support from Securitize and Fireblocks. Sumitomo Mitsui Trust Bank plans to issue the fund within fiscal year 2026 and is committed to using this real-world pilot experience to build open infrastructure with digital securities issuance and management capabilities for asset management companies, sales firms, and Web3 enterprises—aiming to enable instant delivery-versus-payment (DvP) settlement with stablecoins, smart-contract-driven automatic interest payments, and 24/7 cross-border transactions. (CoinPost)

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PaperSculptureOctopus
· 5h ago
Japanese trust bank first to do public chain tokenization, choosing Cayman Islands registration is also an old trick of regulatory arbitrage, but being able to make it work is a victory.
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TheClarityAfterLiquidating
· 5h ago
Securitize + Fireblocks tech stack is stable; established trust banks are engaging in public chain tokenization, focusing on both compliance and technology. The pace is faster than expected.
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WalletPermissionAdministrator
· 5h ago
The idea of open infrastructure is great—asset management companies, sales companies, and Web3 enterprises can all connect. If it can eventually be integrated with stablecoin DvP, the potential for liquidity is even greater.
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GateUser-14d03834
· 5h ago
Sumitomo Mitsui Trust Bank has finally stepped in. The tokenization of Cayman MMF is quite an interesting move. If launched in 2026, the Japanese RWA track will heat up again.
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