According to TechFlow, on January 3, ledgerinsights reported that Mizuho Securities has cooperated with Blue Sky Solar to carry out the first private security token issuance (STO) in the solar business.
The tokenization involves the revenue of a limited liability company (LLC) involving eight solar power generation facilities with a total output of 9.5 megawatts, which can provide electricity for approximately 9,000 households. The issuance uses BOOSTRY’s iBet for Fin platform, the second largest digital securities blockchain network in Japan.
Mizuho Securities said it was Japan’s first tokenized infrastructure private placement fund. The tokens are transferable only after the holder requests and receives approval.