BOOSTRY Publishes Japan Security Token Market Report (FY2024)

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Boostry, a company specializing in blockchain technology solutions, has released the Japan Security Token Market Report for FY2024. The report, titled "Japan Security Token Market: FY2024 Summary; Public Offering Remains Sluggish Despite Recovery in the Issuance Market and ibet for Fin Maintains Top Share," provides a comprehensive overview of the past year's activities in the rapidly evolving security token ecosystem.

Key Highlights of the Report:

Despite the pandemic's impact, the report highlights a positive trend with the cumulative issuance amount of public security tokens exceeding JPY160 billion. However, the total amount of public security token offerings (STO) in FY2024 was limited to about 47% compared to the previous fiscal year. This limited activity can be largely attributed to the widespread caution observed among financial institutions in response to discussions on revisions to trust taxation.

With these tax revision discussions concluding in 2024, FY2025 is expected to witness a substantial expansion in the issuance market, along with greater focus on diversifying the underlying assets of securitized products.

In the realm of blockchain platforms supporting transactions and management of security tokens, ibet for Fin, operated by Boostry, maintained its position as the leading platform in FY2024. The platform had the highest share of public STO amounts, continuing its momentum from the previous year.

The full report is available on Boostry Blog at https://blog.boostry.co.jp/.

About Boostry:

Boostry Co., Ltd. is a technology company that provides blockchain solutions to support the digital transformation of financial institutions and corporations. The company's mission is to create a new world of possibilities by connecting people, technology, and society through blockchain technology. Boostry is a member of the Stellar Development Foundation and operates the ibet platform for security token offerings.