ChainCatcher reported that Mizuho Securities has partnered with Blue Sky Solar to conduct the first private security token offering (STO) for solar business.

The tokenization involves the income of a limited liability company (LLC) involving 8 solar power generation facilities with a total output of 9.5 megawatts, which can provide electricity for about 9,000 households. The issuance uses BOOSTRY's iBet for Fin platform, which is the second largest digital securities blockchain network in Japan.

Mizuho Securities said it was Japan's first tokenized infrastructure private placement fund. The token is transferable only after the holder requests and obtains approval.