Sets a new benchmark for structuring of IP and luxury assets within a regulated framework, reinforcing SBIDM’s leadership in RWA securitisation for institutional and Web3 investors

Singapore, 3 February 2026 – SBI Digital Markets (SBIDM), the leading Singapore-licensed digital asset partner for institutional investors, has successfully closed two separate bonds in 2025, backed by a new music album and a series of performing rights respectively. This includes a USD 30 million new album Intellectual Property (IP) deal, Asia’s largest IP Real-World Asset (RWA) deal in 2025. It also marks SBIDM’s third successful commercialisation of RWA in six months – following the launch of luxury wine RWA in Korea and Thailand in September, and a tokenised money market fund in Europe in May.

As of Q3 2025, global private equity firms and institutional investors raised a record US$4.4 billion of debt backed by music rights, up from just US$300 million in 2021^[1]. This momentum rides on the back of growing global music revenue in recent years and a rapid evolution of digital music consumption trends. Capitalising on the strong interest in tier-one music copyrights, SBIDM worked with music owners and entertainment companies to launch IP-backed regulated RWAs to fund new albums as well as music experiences.

CK Ong, Acting Chief Executive Officer of SBI Digital Markets, said: “While much of the market cashes in on the hype of tokenised products, our priority at SBIDM has always been disciplined, regulated execution of structures and guardrails for issuers and investors. The recent transactions reflect our team’s capability in structuring IP and luxury asset-backed bonds to institutional standards – within a robust regulatory framework that institutional and Web3 investors expect in navigating cross-border environments. By combining established capital markets structuring with digital asset innovation, we are enabling institutions to access new asset classes without compromising on regulatory integrity.”

The recent transactions underscore SBIDM’s continued commitment to advancing real-world asset securitisation in Asia. As part of the SBI Group, SBIDM leverages its expertise in digital asset infrastructure, regulatory structuring, and institutional partnerships to bring innovative financing solutions to market. In 2026, SBIDM will continue to accelerate its deal pipeline with leading IP companies and asset owners across Asia and Europe.

About SBI Digital Markets (www.sbidm.com)

SBI Digital Markets is a subsidiary of SBI Digital Asset Holdings, the digital asset arm of Japan’s leading conglomerate SBI Group. With the largest securities account customer base and second-largest trading market in Japan, SBI Group has a global network across 26 countries and regions including key markets in Asia and Europe. SBI Digital Markets offers clients a comprehensive digitalisation framework from origination, tokenisation, and distribution to custodian services across traditional and Web 3 products.

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[1] Financial Times, “‘Bowie bonds’ go mainstream as Wall Street chases returns”, 7 September 2025.