Sumitomo Mitsui Trust Bank Initiates Tokenization of MMF, a First Among Domestic Trust Banks

2026/07/09 17:31 (Updated 2026/07/10 06:00)

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Sumitomo Mitsui Trust Bank Initiates Tokenization of MMF, a First Among Domestic Trust Banks

Tokenization of MMF Beneficiary Rights on a Public Blockchain

Sumitomo Mitsui Trust Bank announced on September 9 that it has begun a pilot project to tokenize the beneficiary rights of a Cayman Islands-based money market fund on a public blockchain. The tokenized beneficiary rights will be treated as 'Electronic Recorded Transferable Securities', commonly known as digital securities, under the Financial Instruments and Exchange Act.

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