Japanese Brokerages Form Japan STO Association

Asia Blockchain Review
October 8, 2019
Japanese Brokerages Form Japan STO Association

Six of the largest Japanese securities firms have jointly announced the establishment of the Japan Security Token Offering Association, with the goal of protecting investors by ensuring that association members strictly comply with Japanese laws and regulations.

Major Firms Establish STO-Focused Association

According to a BTCManager report, the Japanese companies consist of Monex, Rakuten, Nomura, SBI, Daiwa, and Kabu.com Securities.

Security Token Offerings (STOs) have been in the spotlight recently, as they offer asset-backed tokens and securely store data of the investment product on a blockchain.

In an official press release from Monex, the firm asserts that the STO model is unlike that of the Initial Coin Offering (ICO), which was highly popular in 2017.

“STOs have been gaining popularity in the U.S. and other countries as a new methodology for financing,” the statement reads. “Japan is also following the trend and is ensuring that sufficient conditions are in place for STOs to become widely used.” 

Developing the STO Market in Japan

Additionally, the Association disclosed that it has plans to obtain certification as an Authorized Financial Instruments Firms Association based on the country’s Financial Instruments and Exchange Act, in order to become a fully self-regulatory organization.

According to the Monex press release, “The Japan STO Association intends to consolidate expertise on securities businesses from among securities companies and other entities so that the STO business opportunities can be explored and developed in Japan.”

“The association also strives to ensure compliance of laws and regulations as well as investor protection, while preventing illegal activities including unfair trading and money laundering.”

Source: https://btcmanager.com

About Asia Blockchain Review

Asia Blockchain Review is the largest initiative for media and community building in Asia for blockchain technology. It aims to connect all blockchain enthusiasts on a regional scale and facilitate the technological foundation of blockchain through a range of group discussions, technical workshops, conferences, and consulting programs.

Our goal is to cultivate and encourage a collaborative community for our members to gather, share their experiences and endeavors in the blockchain space, and brainstorm the potential uses of blockchain technology.

Follow Asia Blockchain Review on:

    Related Article
    A China Perspective Exclusively From Bloomberg (Part 1)
    Asia Blockchain Review recently had the privilege to catch up with Miss Chang Shu, Chief Asia Econom...

    July 6, 2020

    Mambu’s APAC MD Lays It All Out
    Asia Blockchain Review had recently talked to Myles Bertrand, the APAC Managing Director for Mambu, ...

    July 5, 2020

    IBM Z and Cybersecurity: The New Normal
    The usual suspects in the hacking circles are still doing their thing, and wreaking havoc on public ...

    July 5, 2020

    Freddy Lee Talks About IBM Z
    These days, clients of all sizes are examining their hybrid IT environments, looking for flexibility...

    July 4, 2020

    We provide information about Asia Blockchain Review latest activities as well as global blockchain news and research. Subscribe to our Newsletter now or Contact us