Announced details
Cross-border distribution of domestic STs to overseas investors, interdealer transactions with overseas securities companies, and settlement and transfer infrastructure
The 5 companies jointly advanced the pilot project. SBI Securities and Daiwa Securities assessed risks including the safety of the platform and reported their findings to self-regulatory organizations. BOOSTRY led the development and operation of the ibet for Fin platform.
SBI Securities: Minato-ku, Tokyo; Representative Director and President Takamura Masato (髙村正人); financial instruments business. Daiwa Securities: Chiyoda-ku, Tokyo; Representative Director and President Ogino Akihiko (荻野明彦); financial instruments business, including trading and underwriting of securities. SBI Digital Markets: Singapore; Acting CEO CK Ong; corporate finance advisory, and the issuance, distribution and custody of tokenized securities. Penguin Securities: Singapore; Co-Founder and CEO Kawabe Kentaro (川辺健太郎); trading, brokerage and custody of securities and derivatives. BOOSTRY: Chiyoda-ku, Tokyo; Representative Director and President Hirai Kazuma (平井数磨); development and provision of a platform for exchanging rights in securities and other assets using blockchain technology.
In this announcement the company addresses none of Contract Value / Offering price / Impact on Business Performance.
Report on a Pilot Using a Public Blockchain for Domestic STs (materials published by BOOSTRY)
| Item | Details |
|---|---|
| Names of Products / Services Covered | Security tokens (ST), Ethereum, USDC, ibet for Fin |
| Counterparty | SBI SECURITIES CO., LTD., Daiwa Securities Co., Ltd., SBI Digital Markets Pte. Ltd., Penguin Securities Pte. Ltd., BOOSTRY Co., Ltd. |
| Counterparty overview | SBI Securities: Minato-ku, Tokyo; Representative Director and President Takamura Masato (髙村正人); financial instruments business. Daiwa Securities: Chiyoda-ku, Tokyo; Representative Director and President Ogino Akihiko (荻野明彦); financial instruments business, including trading and underwriting of securities. SBI Digital Markets: Singapore; Acting CEO CK Ong; corporate finance advisory, and the issuance, distribution and custody of tokenized securities. Penguin Securities: Singapore; Co-Founder and CEO Kawabe Kentaro (川辺健太郎); trading, brokerage and custody of securities and derivatives. BOOSTRY: Chiyoda-ku, Tokyo; Representative Director and President Hirai Kazuma (平井数磨); development and provision of a platform for exchanging rights in securities and other assets using blockchain technology. |
| Relationship with the Company | The 5 companies jointly advanced the pilot project. SBI Securities and Daiwa Securities assessed risks including the safety of the platform and reported their findings to self-regulatory organizations. BOOSTRY led the development and operation of the ibet for Fin platform. |
| Applicable area | Cross-border distribution of domestic STs to overseas investors, interdealer transactions with overseas securities companies, and settlement and transfer infrastructure |
| Source | Report on a Pilot Using a Public Blockchain for Domestic STs (materials published by BOOSTRY) |
Items this document does not state (12)
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.Although Japan’s domestic ST market is expanding, distribution and sales remain confined to existing domestic infrastructure and regulatory frameworks, creating challenges in providing access to overseas investors and improving the efficiency of cross-border settlement.