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Tokyo Financial Holdings Reveals Its New Idea To Develop Security Token Exchange.
2020-06-26 | Mike Hallen
One among the leading traditional Japanese financial institutions, Tokai Tokyo Financial Holdings has revealed its new idea to develop a security token exchange. Tokai Tokyo is already an investor in Huobi Japan.
In line with Nikkei, Tokai Tokyo is investing in blockchain company Hash Dash Holdings to leverage the firm’s knowledge to develop the exchange. Hash Dash aims to use blockchain technology to the financial industry for issuing digital securities & offering a trading service on mobile phones.
The planned exchange is considering to trade in tokenized real estates, and Tokai Tokyo, Hash Dash & ICHX TECH will explore this sector by digitizing Japanese real estates & trade it at iSTOX, a digital security exchange based in Singapore it’s already invested in. They're also exploring digitizing IPs and company bonds.
Tokai Tokyo hopes to attach its planned Japanese exchange with iSTOX in order that investors can purchase and sell digitized assets at either exchange seamlessly, transforming it be easily available for Japanese corporations to boost money at the exchange in Singapore.
Earlier Plan's To Raise Money Via Initial Exchange Offering's
Earlier in December, Tokai Tokyo invested around $4.7 Mln in Huobi Japan, which is a licensed crypto exchange operational within Japan. The plan was to start out an IEO [Initial Exchange Offering] to assist several firms raise money. The corporate was also considering trading some community currencies at Huobi’s IEO.
Also in March, Tokai Tokyo became a member of Japan Security Token Offering Association, a self-regulatory organization for STO.
