Phillip Securities Japan Partners with BlackRock’s Securitize to Support the Issuance of Securitized Tokens for Sony’s New Movie

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Odaily2024/07/12 14:38

By:Odaily

Odaily News The Japanese subsidiary of Phillip Securities has invested in Sonys Hero Island and plans to issue security tokens to facilitate consumers to invest in the film through digital securities. It is understood that the relevant issuance technology is provided by Securitize Japan, whose parent company is backed by BlackRock. The film is scheduled to be released in 2025, but a small batch token issuance of 100,000 yen (629 US dollars) will be launched on a licensed blockchain next week. Investors can participate in the films revenue sharing (part of the box office revenue), including theater distribution, video and broadcast sales, value-added bonuses, etc., and may also have the opportunity to participate in additional shots, attend movie premieres, receive promotional posters, and even have their names appear in the end credits. (LedgerInsights)

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