Japan’s Financial Services Giant, Tokai Tokyo, to Launch A Tokenized Securities Exchange

Japanese financial giant, Tokai Tokyo Financial Holdings, announced its partnership with digital asset firm Hash Dash, to build its securities token exchange. The company also owns the Tokai Tokyo Securities Exchange and is invested 500 million yen (~$4.7 million) in Huobi, Japan.

Tokenization of assets is picking up steam as more traditional financial institutions enter the industry, Tokai Tokyo’s exchange becoming the latest to venture the field.

According to a statement to Nikkei, the exchange will tokenize securities, starting with Japan’s real estate industry, then trade these digital assets on iSTOX, its subsidiary digital security exchange in Singapore.

The $64 billion Tokyo based firm raised $5 million in a round also participated by Thai’s, Kiatnakin Phatra Financial Group (KKP) back in November 2019 to build iSTOX. The digital securities exchange aim is to assist Japan-based firms seamlessly to raise capital through the exchange.

Hash Dash will be the brains behind the exchange sharing their expertise on tokenized security exchanges. The company will leverage blockchain technologies to ensure the security of funds and the transfer of assets to reduce costs.

The securities exchange started its operations earlier this year, opening a gateway to Japan’s private capital markets. The statement further states the company is exploring digitizing IPs and corporate bonds.

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Lujan Odera
Lujan Odera
Lujan is a blockchain technology and cryptocurrency author and editor. He has worked in the field of cryptocurrencies and blockchain technology since 2015 helping him gain enough experience to be the writer he is today. He is known for his simple writing style that allows novices to understand the field in the simplest way.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

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