News linked to both this project and an event.
According to Bitcoin.com News, the London Metal Exchange (LME) stated that it is exploring the tokenization of metal inventory held under unregistered warehouse warrants to support business financing. The exchange announced plans to issue metal-backed tokens, which may be placed in third-party custody as needed for loans and other obligations; previously, there was no standard financing mechanism for metals under unregistered warrants. The LME noted that it is currently in the early exploration phase and will consult with stakeholders as the initiative develops.
: SBI Group, DigiFT, and Startale Group have completed a joint proof-of-concept, utilizing the JPYSC stablecoin in an Ethereum testnet environment to demonstrate the full lifecycle of tokenized securities, including instant fund subscription settlement and on-chain automatic dividend distribution. SBI Group and DigiFT are advancing the tokenization of the SBI Japan High Dividend Equity Fund. Managed by SBI Asset Management, the fund has approximately $1.3 billion in assets under management and represents one of Japan's major public equity strategies. The three parties completed two tests. One demonstrated the near-instant settlement of fund subscriptions using JPYSC, and the other automatically calculated and distributed dividends to eligible token holders' wallets via smart contracts after the distribution register was completed. The three companies plan to explore integrating tokenized Japanese equities with institutional DeFi platforms and are considering testing use cases such as collateralized lending and on-chain asset management with ecosystem partners like Morpho and Gauntlet.