Trinity Technology, the "Smart Family Trust" company, formed a business alliance with Nomura Securities Co.

2023.07.26 08:00

トリニティ・テクノロジー株式会社

Trinity Technology, Inc. (Location: Minato-ku, Tokyo; CEO: Kazuhiro Ma; hereinafter referred to as "Trinity Technology"), a provider of "Smart Family Trust" and other services, has entered into a business alliance with Nomura Securities Co.

Ltd. (Nomura Securities). The Company will provide the "Smart Family Trust" service through client referrals from Nomura Securities.

Smart Family Trust: https://sma-shin.com/

Left: Kenji Takeda, Executive Officer of Nomura Securities, Right: Kazuhiro Osamu, CEO of Trinity Technology, Inc.

Comments on the alliance

Kenji Takeda, Executive Officer, Nomura Securities Co.

We have recently formed a business alliance with Trinity Technology, a leader in the field of family trusts and smart inheritance.

Recently, the increase in dementia due to the aging of the population and the resulting freezing of assets have become major social issues. We believe that this business alliance will enable us to meet the diverse needs of our customers for asset management in preparation for dementia, thereby contributing to the peace of mind of our customers and their families.

In order to contribute to the creation of a truly affluent society through the financial and capital markets, we will work to be the most trusted partner for each and every one of our customers living in the "100-year life era" by staying close to them now and in the future.

Kazuhiro Osamu, CEO and Representative Director, Trinity Technology, Inc.

We are pleased to announce that we have entered into a business alliance agreement with Nomura Securities Co. Nomura Securities has been focusing on the field of financial gerontology since early on, and has declared itself a "partner for 100 years of life," addressing the issues of asset management for the elderly and passing on assets to their families. We are very honored to partner with such a company.

Our company was born with the mission of solving the huge social issue of frozen assets due to dementia in Japan with "smart family trusts" and creating peace of mind, and we have been moving forward without wavering since our establishment.

In order to deliver peace of mind to as many people as possible throughout Japan, we will open our Osaka and Nagoya branches in conjunction with this alliance, and begin providing services at six locations nationwide (Tokyo, Yokohama, Osaka, Nagoya, Fukuoka, and Sendai).

The company will further promote the use of family trusts to solve issues related to the management and succession of assets of the elderly.

Social Background: The Super-aging Society and the Problem of Frozen Assets

Japan is facing a major social issue of "frozen assets due to dementia" with the advent of a super-aged society.

The increase in the number of elderly people combined with the rise in average life expectancy has led to an estimated 6.3 million people with dementia in 2020, and this number is expected to exceed 10 million by 2050. 1

Dementia causes people to enter a state of "frozen assets" where they are unable to withdraw their savings or sell their homes.

It is estimated that about 12.9% of total household financial assets (about 237 trillion yen) will be held by people with dementia by 2040*2, and the problem of frozen assets has become a pressing social issue in Japan because of the significant loss of asset liquidity.

Growing Expectations for Family Trusts

Against this backdrop, a new countermeasure to the problem of frozen assets, called a "family trust," has been attracting attention since around 2016, in which assets are held in trust within the family and managed and passed on.

Family trusts are a mechanism that allows family members to avoid the risk of frozen assets by concluding a trust agreement among family members and transferring the right to manage assets to the children's generation while the parents are still healthy, and can even take charge of the division of the estate after inheritance.

On the other hand, there are some major operational challenges.

For example, one of the most common problems is that most family trusts in the world only provide professional support at the entrance to the trust at the time of its establishment, and do not provide continuous support after its establishment.

Family trusts are a legal system based on the Trust Act, and Article 37 of the Trust Act obliges the trustee to prepare books and records, preserve receipts, and prepare an annual report.

However, the lack of professionals to provide continuous support to users has highlighted the fact that many family trusts do not fulfill these fiduciary obligations.

Furthermore, the risk of misappropriation of assets by the trustee has also been pointed out, as the trustee has exclusive knowledge of the status of assets without the involvement of a third party after the trustee has developed dementia.

The family trust is now being properly disseminated. Smart Family Trusts," an asset infrastructure for the era of 10 million elderly people with dementia

In order to solve the problem of frozen assets due to dementia, we offer the "Smart Family Trust" service to promote the proper use of family trusts.

Smart Family Trust is the first service in Japan that combines consulting and SaaS products, allowing professionals to not only provide consulting on the formation of family trusts, but also to easily manage the money and assets in trust via an application after the trust agreement is concluded.

With continuous support by experts such as judicial scriveners and a system that includes API linkage with trust account accounts, the service greatly reduces the time and effort required to manage family trusts, while at the same time safely managing family assets.

Through the Smart Family Trust, we aim to eliminate the number of people suffering from frozen assets and solve a huge social problem in Japan by promoting the proper use of family trusts throughout Japan.

Company Profile

Company name: Trinity Technology, Inc.

Location ： 1F Yamaguchi Building, 2-1-1 Shinbashi, Minato-ku, Tokyo

Establishment ： October 30, 2020

Representative Director & CEO: Kazuhiro Osamu (Judicial Scrivener)

Group Companies ： Judicial Scrivener Trinity Group, Inc,

　　　　　　　 Trinity Group of Lawyers,

　　　　　　　 Gyoseishoshi Scrivener Trinity Group

Group foundation : July 1, 2009

Company URL ： https://trinity-tech.co.jp/

Business Description:

Family trust service "Smart Family Trust