According to TechFlow, on July 12, LedgerInsights reported that the Japanese subsidiary of Phillip Securities, headquartered in Singapore, invested in Sony's "Hero Island" and plans to issue security tokens to facilitate consumers to invest in the film through digital securities. The relevant issuance technology is provided by Securitize Japan, whose parent company is supported by BlackRock.
The film is expected to be released in 2025, and the token issuance will be launched next week on a permissioned blockchain, with each token priced at 100,000 yen (about $629). Investors can not only participate in the box office revenue sharing, but also receive additional rewards such as movie peripherals, premiere tickets, etc. according to the investment amount. Phillip Securities said that this move is aimed at changing the way movies are made and promoting cooperation between producers and supporters.
