Tokai Tokyo Financial Holdings, one of Japan's largest traditional financial institutions, has unveiled a plan to develop a security code exchange. Tokai Tokyo is already an investor in Huobi Japan.
According to Nikkei, as a first step down the road, Tokai Tokyo is investing in Hash Dash Holdings blockchain company to use the company's knowledge to develop the stock exchange. Hash Dash seeks to use blockchain technology in the financial industry to issue digital securities and provide smart trading services.
The planned stock exchange will trade in real estate with distinctive symbols, Tokai Tokyo, Hash Dash, and IHX Tech will explore this sector by digitizing Japanese real estate and trading on iSTOX, the digital security exchange in Singapore that he invested in. Bonds.
Tokai Tokyo hopes to merge the planned Japanese stock exchange with iSTOX so that investors can buy and sell digital assets freely on any stock exchange, allowing Japanese companies to raise funds on the Singapore Stock Exchange.
Tokyo crypto currency plan
In December last year, Tokai Tokyo invested 500 million yen (about $ 4.7 million) in Huobi Japan, a licensed crypto exchange in Japan. The plan was to start the initial exchange offer (IEO) to help companies raise money. The company also looked at trading some community currencies on IEO Huobi.
In March, Tokai Tokyo joined the Japanese Safety Token Display Association, a self-regulating organization for STO.