U.S., Japanese firms team up on NFT perks for digital investors

Securitize and SBINFT to help companies offer blockchain-based benefits

NFTs rewarded through the partnership of Securitize and SBINFT may be sold on such marketplaces as OpenSea if sales on the secondary market are allowed for that particular NFT. © Reuters

KEITA SEKIGUCHI, Nikkei fintech editor

May 2, 2023 23:51 JST

TOKYO -- U.S.-based Securitize and Japan's SBINFT are teaming up to help companies provide NFTs as perks to retail investors holding their blockchain-based digital securities.

Digital securities, or security tokens, are blockchain-based instruments typically backed by more traditional assets such as real estate, allowing the holder to earn returns in a similar fashion to other securities. Japan began allowing their sale in 2020.