Major Japanese Firm, Tokai Tokyo Financial Holdings has been working on launching a digital security exchange locally.
The said firm has been an investor in Huobi Japan. The firm has been looking at developing a security exchange token. Tokai Tokyo invested in blockchain company; Hash Dash Holdings to acquire knowledge in making the project happen. Hash Dash would be applying the blockchain technology in the financial industry with regards to issuing digital securities and trading service on smartphones.
Both will be exploring the sector by digitizing the Japanese real estate and trade at iSTOX which is a digital security exchange in Singapore.
Tokai Tokyo envisions to connect the exchange with iSTOX that will help investors to buy and sell digitized assets and exchange in an instant. This would make the Japanese corporations raise money at exchange in Singapore.
Last December, Tokai Tokyo invested 500 million yen (about $4.7 million) in Huobi Japan, a licensed crypto exchange in Japan. The plan was to start Initial Exchange Offering (IEO) to help corporations raise money. The company was also considering trading some community currencies at Huobi’s IEO.
In March, Tokai Tokyo became a member of the Japan Security Token Offering Association, a self-regulatory organization for STO.
Last December, Tokai Tokyo entrusted their five hundred million yen (about $4.7 million) in Huobi Japan, an accredited crypto exchange in Japan. The arrangement was to begin Initial Exchange Offering (IEO) to assist firms to raise cash. the company was additionally considering trading some community currencies at Huobi’s IEO.
In March, Tokai Tokyo became a member of the Japan Security Token offering Association, a self-regulatory organization for STO.
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