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Record Protocol Secures $3.2M Sony Innovation Fund Investment to Build IPFi Infrastructure on Soneium

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21Shares Introduces JitoSOL ETP to Offer Staking Rewards via Solana

TLDR:

  • Record Protocol raised $3.2M exclusively from Sony Innovation Fund to expand blockchain entertainment.
  • The platform converts fandom contributions into verifiable onchain assets through the $REC token economy.
  • IRC APP successfully onboarded major Japanese idol groups including AKB48, Nogizaka46, and FRUITS ZIPPER.
  • Record establishes IPFi infrastructure on Soneium, creating liquid assets tied to intellectual property.

 

Record Protocol has closed a $3.2 million funding round led by Sony Innovation Fund. The investment supports YOAKE entertainment’s blockchain infrastructure development for entertainment intellectual property finance.

The company will expand collaboration with Sony Block Solutions Labs on Soneium. This connects traditional entertainment properties with blockchain technology through fandom-driven models.

Sony Innovation Fund Backs Blockchain Entertainment Platform

YOAKE entertainment received 500 million JPY from Sony Innovation Fund to advance Record Protocol’s technological capabilities.

The company converts fan engagement into verifiable onchain assets. Sony Block Solutions Labs deepens involvement as a key contributor.

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The partnership positions Record Protocol as foundational infrastructure for Intellectual Properties Finance on Soneium. The funding enables Record to scale its protocol across multiple entertainment sectors globally.

Kaz Hadano, CEO at Sony Ventures Corporation, expressed confidence in the partnership. “YOAKE entertainment’s efforts to deliver Japanese creativity to the world will broaden the possibilities of entertainment in the future,” Hadano stated.

He anticipates results from their collaboration with Soneium and their challenge to create new entertainment connecting intellectual property, technology, and global fan communities.

Record Protocol measures and rewards fandom contributions previously unmeasured in traditional entertainment economics.

Social media activity, community building, and content amplification now translate into verifiable demand signals onchain. The $REC token financializes these contributions, creating liquid assets tied to intellectual property growth.

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This approach integrates directly with official intellectual property ecosystems, leveraging authentic fandom passion rather than financial incentives alone.

Proven Implementation Through Japan’s Idol Entertainment Sector

IRC APP demonstrates Record Protocol’s application as the official onchain platform for IDOL RUNWAY COLLECTION Supported by TGC.

The application employs Generative AI to evaluate fandom activities. Record Protocol verifies support onchain and distributes exclusive official experiences as rewards.

The platform has onboarded Japan’s most prominent idol groups. AKB48 brings over 60 million singles sold and more than 60 number-one Oricon hits.

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Nogizaka46 contributes over 30 million album sales and international concert presence across France, Singapore, Hong Kong, Shanghai, and Taiwan.

FRUITS ZIPPER achieved 3 billion TikTok views and 64 million YouTube views for their hit song. CANDY TUNE recorded 100 million streams and maintained the number one position on TikTok charts for nine weeks. CUTIE STREET’s debut song surpassed 200 million streams with 7 billion total TikTok views.

Sota Moriyama, CEO at YOAKE entertainment, emphasized the role of fandom in entertainment economics. “Fandom has always been the beating heart of the entertainment economy,” Moriyama commented.

He explained their approach does not disrupt content but updates the operating system behind it. “We are committed to establishing Record as the universal standard on Soneium, proving that passion is the ultimate form of value,” he added.

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Crypto World

Fed’s Barr Calls for Balanced US Stablecoin Rules Under GENIUS Act

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Federal Reserve, Legislation, United States, Stablecoin, Genius Act

US Federal Reserve Governor Michael Barr said Tuesday that clearer US stablecoin rules could speed the market’s growth, but warned that regulators still need to address money laundering risks, bank run risks and consumer safeguards as they implement the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act.

Speaking at a Federalist Society event on stablecoin regulation, Barr said the law provides “needed clarity” for issuers, but that “a great deal will depend on how federal and state regulators implement the statute.”

Barr said stablecoins are still used mainly for crypto trading and as a US dollar store of value in some foreign markets, though they could also lower remittance costs, speed up trade finance processing and help firms manage treasury operations. He also highlighted the risk of bad actors buying stablecoins in secondary markets without identity checks, and said issuers may be tempted to stretch for yield in reserve assets in ways that undermine confidence during stress.

Barr’s speech also cast the stablecoin debate in historical terms. He said private money has a “long and painful history” when safeguards are weak, pointing to the Free Banking Era in the US, the Panic of 1907, money market fund stress during the global financial crisis and COVID-19 shock, and more recent stablecoin valuation pressure as reasons to be cautious about any asset marketed as redeemable at par on demand.

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Barr’s remarks come as US agencies move from legislation to rule-writing. The US Treasury Department opened a second round of public comment on implementing the GENIUS Act in September 2025, saying the law must be translated into rules that both encourage innovation and address illicit finance, consumer protections and financial stability risks.

Federal Reserve, Legislation, United States, Stablecoin, Genius Act
Brief Remarks on Stablecoins. Source: Federal Reserve

Fed Vice Chair for Supervision Michelle Bowman told lawmakers in February that banking regulators were already working on capital and liquidity rules for stablecoin issuers, and Federal Deposit Insurance Corporation chair Travis Hill said in March that the agency does not expect stablecoins to receive deposit insurance under the law.

Related: Who gets the yield? CLARITY Act becomes fight over onchain dollars

Barr warns GENIUS Act rollout will test stablecoin safeguards

Barr’s speech signals where the implementation fights may land. He flagged reserve asset rules, regulatory arbitrage, the scope of issuer activities beyond issuance, capital and liquidity requirements, Anti-Money Laundering (AML) checks and consumer protection standards as the key issues still to be settled.

The GENIUS Act, signed into law on July 18, 2025, created a federal framework for payment stablecoins in the United States. The law requires issuers to maintain one-to-one backing with reserve assets such as US dollars and Treasury bills, and is expected to take effect 18 months after signing or 120 days after final agency rules are completed.

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