SBI Digital Markets (SBIDM), a Singapore-licensed digital asset partner for institutional investors, has successfully closed Asia’s largest music Intellectual Property (IP) Real-World Asset (RWA) deal. The US$30m transaction, completed in 2025, involved bonds backed by a new music album and a series of performing rights. This marks SBIDM’s third successful RWA commercialisation in six months, following previous ventures in luxury wine and a tokenised money market fund.
The deal comes amid a surge in global interest in music rights, with private equity firms and institutional investors raising US$4.4b in debt backed by music rights by Q3 2025, a significant increase from US$300m in 2021. This growth is driven by rising global music revenues and evolving digital consumption trends. SBIDM collaborated with music owners and entertainment companies to launch IP-backed RWAs, funding new albums and music experiences.
CK Ong, Acting CEO of SBI Digital Markets, emphasised the company’s focus on regulated execution, stating, “Whilst 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.”
SBIDM’s recent transactions highlight its commitment to advancing RWA securitisation in Asia. As part of the SBI Group, SBIDM leverages its expertise in digital asset infrastructure and regulatory structuring to offer innovative financing solutions. Looking ahead, SBIDM plans to expand its deal pipeline with leading IP companies and asset owners across Asia and Europe in 2026.
