Japan to Have Blockchain-Based Stock Exchange in 2022
The exchange reportedly planned by SBI and SMFG is expected to be the first of its kind in Japan.
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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....
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....
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....
Myanmar’s Yangon Stock Exchange (YSX) will be establishing a Blockchain-based stock exchange with the help of Daiwa Securities Group, a Tokyo-based financial company, in order to integrate Daiwa’s equity trading into the Yangon exchange platform for the purposes of improved recordkeeping. Currently, both Daiwa and YSX are testing the Blockchain platform and are in discussions with government officials to fully use the Blockchain concept for all YSX trading within a period of two years, after completing months of successful testing. According to Nikkei, the Blockchain stock exchange proved....
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....