Tokai Tokyo Financial Holdings, a conventional Japanese financial institution, is running to begin a digital security exchange in Japan.
It has begun plans to expand the exchange of security tokens. Tokyo Tokai is already an investor in Huobi Japan.
According to Nikkei, as the first step in the journey, Tokai Tokyo is investing in blockchain company Hash Dash Holdings to leverage the company’s knowledge to grow the exchange. Hash Dash objects to apply blockchain technology to the financial industry to issue digital securities and provide trading services on smartphones.
The exchange is planned to trade token properties, and Tokyo Tokens, Hash Dash and ICHX TECH will venture into the sector by digitizing Japanese real estate and trading it on iSTOX, the digital security exchange in Singapore that they have invested. They are also exploring digitalization of IP and corporate bonds.
Tokai Tokyo hopes to link the planned Japanese exchange with iSTOX so that investors can easily buy and sell digital assets in both exchanges, enabling Japanese companies to raise money on the Singapore exchange.
Tokyo Tokai’s design in the crypto industry
Last December, Tokyo Tokai invested 500 million yen ($ 4.7 million) in Huobi Japan, a licensed crypto exchange in Japan. The plan is to launch an Initial Exchange Offer (IEO) to help companies raise money. The company is also considering trading several community currencies in Huobi’s IEO.
In March, Tokai Tokyo became a member of the Japan Security Token Offering Association, a self-regulatory organization for STO.
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