Singapore-based SBI Digital Markets closed two RWA tokenized bond deals. The deals tie smartly to intellectual property rights and join blockchain with classic finance. One deal securitized a music album worth US$30 million. The other deal focused on performance rights. Both cases set a new stage for bonds backed by creative assets.
These transactions finished in 2025. They show SBIDM’s work with tight, regulated rules built for large investors. CK Ong, acting CEO, said the firm cares more for strong safety measures than for token hype. Their aim is to protect both issuers and backers. SBIDM stands among the early firms structuring bonds tied to IP and luxury assets. Their method meets the needs of high-end markets.
The market sees more interest in bonds secured by music rights. A 2025 report by Financial Times noted about US$4.4 billion in deals during the first three quarters. Big firms like Blackstone, Carlyle, and Michigan’s state fund join these deals. Their moves build trust in revenue from intellectual property.
SBIDM mixes tokenization to digitize and trade rights on blockchain. Even with high hopes, tokens in music and performance rights face true challenges. In 2022, a similar plan came from 360X, a joint effort of Deutsche Börse and Commerzbank. Co-CEO Michael F. Spitz said matching blockchain skills with asset deals proved hard. Many institutional backers find blockchain wallets tough for holding tokens.
SBIDM’s intended market is much like 360X’s investors but spreads out wider. Their token bonds may reach many investors with different blockchain skills. The success of these deals might allow more use of tokenized securities. It may bring hard-to-trade assets like IP rights to digital finance and make them easier to access.
This move is part of a larger trend where tokens bring shares of ownership, better trade speed, and clearer asset care. By marking rights on a blockchain, old markets try fresh paths in fixed income and capital finance. Standard securities slowly shift to digital tokens that follow fixed rules.
As token technology grows and rules change, more banks may try turning real assets into tokens. SBI Digital Markets’ work marks an early note in this change. It shows that well-set rules can work with tech promise and protect all sides of finance.
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This article was generated by Hivebox AI in collaboration with nGRND.
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