Announced details
ST trading and settlement between securities companies in the secondary market for security tokens, and financial settlement infrastructure for digital securities markets
Results were confirmed to be as expected within the defined scenarios and timelines. DvP settlement was conducted for 2 proprietary ST transfer transactions.
2 proprietary ST transfer transactions were conducted in the demonstration.
This project is a joint demonstration conducted by the 8 parties involved and SBI VC Trade. Daiwa Securities and SBI Securities conducted ST transfer transactions, Sumitomo Mitsui Banking Corporation provided the SC, SBI VC Trade issued the self-placed ST bonds, Osaka Digital Exchange operated the START Market, and Progmat and Datachain jointly provided ST cross-chain technology.
Daiwa Securities Co. Ltd., SBI Securities Co., Ltd., Sumitomo Mitsui Banking Corporation, SBI VC Trade Co., Ltd., BOOSTRY Co., Ltd., Progmat, Inc., Datachain, Inc., Osaka Digital Exchange Co., Ltd., TISI Inc., and Fireblocks Pte. Ltd. are listed as parties involved. Datachain is engaged in the planning and development of blockchain technology. It was established in March 2018 and is located at the fourth floor of PMO Higashi-Shimbashi, 2-12-1 Higashi-Shimbashi, Minato-ku, Tokyo. Its representative director and CEO is Hisada Satoshi (久田哲史). Speee, Inc. is a company listed on the Standard Market of the Tokyo Stock Exchange that operates businesses including financial digital transformation, with securities code 4499, and is described as Datachain's parent company.
Datachain: fourth floor of PMO Higashi-Shimbashi, 2-12-1 Higashi-Shimbashi, Minato-ku, Tokyo. Locations of other offices: not disclosed.
In this announcement the company addresses none of Contract Value / Offering price / Impact on Business Performance.
| Item | Details |
|---|---|
| Names of Products / Services Covered | Project Trinity, Self-placed ST bonds, Type 3 electronic payment instrument (specific trust beneficiary rights-type SC), START Market |
| Counterparty | Daiwa Securities Co., Ltd., SBI SECURITIES CO., LTD., Osaka Digital Exchange Co., Ltd., Sumitomo Mitsui Banking Corporation, SBI VC Trade Co., Ltd., BOOSTRY Co., Ltd., Progmat, Inc., Datachain, Inc., 株式会社TISI, Fireblocks Pte. Ltd. |
| Counterparty overview | Daiwa Securities Co. Ltd., SBI Securities Co., Ltd., Sumitomo Mitsui Banking Corporation, SBI VC Trade Co., Ltd., BOOSTRY Co., Ltd., Progmat, Inc., Datachain, Inc., Osaka Digital Exchange Co., Ltd., TISI Inc., and Fireblocks Pte. Ltd. are listed as parties involved. Datachain is engaged in the planning and development of blockchain technology. It was established in March 2018 and is located at the fourth floor of PMO Higashi-Shimbashi, 2-12-1 Higashi-Shimbashi, Minato-ku, Tokyo. Its representative director and CEO is Hisada Satoshi (久田哲史). Speee, Inc. is a company listed on the Standard Market of the Tokyo Stock Exchange that operates businesses including financial digital transformation, with securities code 4499, and is described as Datachain's parent company. |
| Relationship with the Company | This project is a joint demonstration conducted by the 8 parties involved and SBI VC Trade. Daiwa Securities and SBI Securities conducted ST transfer transactions, Sumitomo Mitsui Banking Corporation provided the SC, SBI VC Trade issued the self-placed ST bonds, Osaka Digital Exchange operated the START Market, and Progmat and Datachain jointly provided ST cross-chain technology. |
| Launch date | Phase 1: August 2025 to March 2026. Phase 2: April 2026 to September 2026 (demonstration completed). |
| Applicable area | ST trading and settlement between securities companies in the secondary market for security tokens, and financial settlement infrastructure for digital securities markets |
| Location | Datachain: fourth floor of PMO Higashi-Shimbashi, 2-12-1 Higashi-Shimbashi, Minato-ku, Tokyo. Locations of other offices: not disclosed. |
| Quantitative Effects | Results were confirmed to be as expected within the defined scenarios and timelines. DvP settlement was conducted for 2 proprietary ST transfer transactions. |
| Usage history | 2 proprietary ST transfer transactions were conducted in the demonstration. |
Items this document does not state (9)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.Non-DvP settlement in current secondary market ST transactions entails principal risk arising from one-sided performance, constraining the safety of large-value transactions and market expansion. The project aims to verify the structural elimination of principal risk and improve settlement efficiency by leveraging SCs' immediate value transfer functionality and smart contracts.