ANote Music has expanded into Japan and Asia through its joint venture with royalties transaction brokerage firm Royalty Bank.
The partnership sees ANote expand its global presence, bringing its expertise and technology to Royalty Bank’s network of investors and rights owners.
Royalty Bank’s website will link back to ANote’s platform, offering Japanese investors and music enthusiasts access to ANote’s catalogues of European music royalties.
Built using blockchain technology, ANote’s platform provides access for artists, record labels and publishers to become financially independent, offering immediate access to funding through an auction of music rights, while keeping 100% of their artistic control.
Launching later this year, the second phase brings a Royalty Bank trading platform, powered by ANote Music, to the Japanese market. The exchange will offer access to royalty investments for Japanese music catalogues and other assets, including comics and animation.
A third phase of development will then add further interconnectivity between Royalty Bank’s and ANote’s platforms, allowing European investors access to auctions for Japanese assets, while also allowing Japanese investors access to European auctions and trades.
‘Huge milestone’
Marzio Schena, chief executive and co-founder of ANote Music, said: “This is a huge milestone for ANote Music as we take the next step in our continued global expansion.
“Royalty Bank is looking to make waves in the Japanese rights ownership and investment, and we’re delighted that our market leading technology assist both established and new artists looking to develop and grow, while providing investors with long term, stable income through the royalties this growth will generate.”
Ryuichi Sasaki, chief executive e of Royalty Bank, added: “In partnership with ANote Music, Royalty Bank will co-develop a service that will encompass Japan’s, the EU’s, and global music markets on a platform where investors can invest in works belonging to music rights owners.
“This is a major step in contributing to the evolution of the music industry. Both Royalty Bank and ANote Music will further boost the value of music in the digital age. Moving forward, Royalty Bank will expand its service to feature opportunities beyond music, such as in comics and animation.”
