Asia’s Largest Stock Exchange Operator Forms Blockchain Consortium in Japan, Trials in 2017
A number of companies have joined the Japan Exchange Group (JPX) To form a consortium that will develop a proof-of-concept blockchain solution for capital market infrastructure. Announced yesterday, the JPX revealed that the Tokyo Stock Exchange (TSE), the Osaka Exchange (OSE) and the Japan Securities Clearing Corporation (JSCC) will help form a blockchain consortium compromising of Japanese financial institutions to test the blockchain prototype. The endeavor to explore blockchain technology for capital market infrastructure began with an internal research group in late 2015, which....
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Japan Exchange Group, operator of the Tokyo Stock Exchange will begin experimenting with blockchain technology for post-trade solutions such as clearing and settlement of trades. The operator will team up with IBM Japan for the project. The operator of Asia’s largest stock exchange is joining IBM Japan to run blockchain tests for clearing, settlement, and other operations. According to a report by Nikkei Asian Review, the proof-of-concept testing will commence next month in March. Currently, the Japan Exchange Group’s record-keeping platform stores trading data on a centralized server. The....
Japan’s Financial Services Agency has allowed the Japan Exchange Group, operator of the Tokyo Stock Exchange, to use financial technologies like blockchain as its core trading infrastructure. The country’s financial regulator will now begin approving Fintech adoption on a case-by-case basis, according to a review in Nikkei. Previous regulation meant that JPX subsidiaries were limited to activities linked to exchange operations. The new and updated interpretation of the rule, however, allows the JPX to introduce technology that improves the operational efficiency of trading platforms. It is....
The Japan Exchange Group (JPX) has formed a consortium between several companies within its umbrella to test a blockchain market infrastructure proof-of-concept. JPX announced today that the Tokyo Stock Exchange and the Osaka Exchange, alongside the Japan Securities Clearing Corporation, would test the prototype collaboratively. In February, JPX announced that it was working with IBM’s Japanese division to test blockchain, using the tech firm’s Fabric blockchain platform as a basis for experimentation. The newly announced initiative builds on that early partnership. The Tokyo Stock....
The operator of the Tokyo Stock Exchange has been working with a leading Japanese think tank as part of a months-long exploration of blockchain technology. The trial was announced today by Nomura Research Institute (NRI), which revealed Japan Exchange Group has been collaborating with it as part of its previously revealed blockchain research. Japan Exchange Group has been experimenting with blockchain applications as one of the early customers of IBM's Blockchain-as-a-Service (BaaS) platform. The testing phase, NRI announced today, will "assess the usability as well as the challenges....
The Japanese Bankers Association (JBA) is working toward the development of a common blockchain platform for the country’s banks to begin trials of core banking processes including money transfers. The JBA is essentially an association that represents and works on behalf of 252 member institutions that are either headquartered or operate with branches in Japan. The association includes full member banks, bank holding companies, bankers’ associations and associate member banks that include nearly 50 foreign banks with a presence in Japan. Notably, the JBA is also the operator of the Zengin....