Mizuho Securities and Blue Sky Solar Cooperate to Launch the First Solar Energy Business Private Equity Token Offering
On January 3, according to LedgerInsights, Mizuho Securities has partnered with Blue Sky Solar to launch the first solar business private equity token offering (STO).
The tokenization involves revenue from a limited liability company (LLC) for eight solar power facilities with a combined output of 9.50 trillion watts, providing electricity to approximately 9,000 households. The offering uses BOOSTRY's iBet for Fin platform, the second largest blockchain network for digital securities in Japan.
Mizuho Securities said it was the first tokenised private placement fund for infrastructure in Japan. The tokens are transferable only upon request and approval by the holder.