Animoca, Antler’s Ibex Launch Fund to Tokenize Japan’s IP

Japan IP push goes beyond gaming

Sui said that Animoca already has a “presence in Japan through ABKK,” its Japanese subsidiary. “This partnership is about expanding Japanese IP globally,” he added, noting that the effort goes beyond gaming and will also target fintech, healthcare and medtech applications.

Casi and Peymani will act as co-general partners of the fund, which will license underutilized Japanese IP and back the creation of new Web3 products and services. The pair plan to announce initial targets in the coming months.

Siu said the timing is optimal, citing the resurgence of NFTs and stronger digital asset markets. Data from NFT Price Floor showed that the overall NFT market capitalization peaked at $9.3 billion on Aug. 13, up 40% from Julys $6.6 billion.

Kraken meets SEC staff to discuss tokenization

Meanwhile, in the US, crypto exchange Kraken held talks with the US Securities and Exchange Commissions Crypto Task Force to discuss its plans for a tokenized trading system.

As reported, a memorandum filed Monday showed SEC staff met with representatives from Krakens parent company, its securities arm, and lawyers from WilmerHale, focusing on regulation, legal requirements and the potential benefits of tokenization.

Kraken launched its tokenized stock service on May 22, allowing non-US investors to trade US equities around the clock, while Robinhood introduced a similar service in Europe on June 30. Kraken also announced this week that it has expanded its tokenized stock offering to the Tron blockchain.