Securitize — a compliance platform and protocol for token issuers backed by United States crypto exchange Coinbase — is partnering with the Japan Security Token Association (JSTA) to promote the creation of a security token ecosystem in Japan. The news was reported by Cointelegraph Japan on June 19.
The JSTA is an advocacy organization focused on the digital securities industry. As Cointelegraph Japan reports, the new partners intend to closely collaborate with Japanese banks as well as local and international regulators in a bid to foster further development of the nascent industry.
Their joint initiative will ostensibly aim to foster security token adoption in financial markets by promoting their practical use cases and clarifying regulatory and legal frameworks.