Japan’s Big Financial Hitters Form Blockchain Security Token Association

Japan’s Big Financial Hitters Form Blockchain Security Token Association
фото показано с : bitcoinist.com

2019-10-3 15:00

Top Japanese brokerage houses, Nomura and Daiwa, have joined online rivals, Rakuten and Monex to form Japan Security Token Association. The association will set rules for the issuing of blockchain-based digital securities, and is headed by online broker, SBI Securities.

Growing Legitimacy Of Blockchain Tech In Japan

The move marks a growing recognition in Japan of the potential for blockchain to disrupt and improve business processes. It is hoped that the digital issuing of security tokens being developed by the association will make the traditional securities transfer system obsolete.

Japan’s wider blockchain community relish the growing legitimacy of the space, with major players backing use of the technology. This has been further boosted by Facebook’s intention to launch its own Libra ‘cryptocurrency’.

Chairman of the Japan Security Token Association, Go Masuda, thinks that Facebook’s move indicates, “the industry is now entering a new phase of commercial adoption.”

The industry lacked a good use case of blockchain technology. There have been no killer apps since bitcoin [emerged].

Monex Want In On The Libra Association Too

E-commerce giant Rakuten moved into the crypto-space in September last year when it acquired cryptocurrency exchange, Everybody’s Bitcoin. Following this, the company launched its own cryptocurrency trading platform in August.

Monex turned its focus on the crypto and blockchain industry back in May 2018, when it bought beleaguered Japanese cryptocurrency exchange, Coincheck. The exchange had been hacked to the tune of $420 million in the January, and many feared it would collapse before Monex stepped in.

After turning around CoinCheck, Monex has now applied to be a member of the Libra Association, although has no word so far on the status of its application.

As Bitcoinist reported yesterday, Visa and Mastercard are allegedly having second thoughts about their own involvement with Facebook’s Libra project, so there may well be some spaces available soon.

What impact do you think the new Japanese association will have on the security token industry? Add your thoughts below!

Images via Shutterstock

The post Japan’s Big Financial Hitters Form Blockchain Security Token Association appeared first on Bitcoinist.com.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Waves Community Token (WCT) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 1.05 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.2301 (-100%)

japan security association blockchain token form growing

Источник: bitcoinist.com

japan security → Результатов: 99


Bitcoin-Rabid Japan Gleefully Cheers Facebook’s ‘Killer App’ Libra

Facebook’s plans to launch a cryptocurrency are an indication that blockchain technology has come of age and is ready for prime time, especially in Japan. According to the chairperson of the Japan Security Token Association, Go Masuda, Libra is blockchain’s second “killer app,” after Bitcoin: “The industry lacked a good use case of blockchain technology.

2019-10-3 21:18


Japanese financial services giant Monex Group forms Security Token Offering Association

Financial services giant Monex Group announced the establishment of a Japanese Security Token Offering Association alongside five other major securities companies in the country. Major Japanese brokerage firms come together to promote STOs Japan could soon see more useful regulations surrounding security tokens as some of the biggest brokerage companies in the country have joined […] The post Japanese financial services giant Monex Group forms Security Token Offering Association appeared first on CryptoSlate.

2019-10-2 00:22


Фото:

Securitize Raises $14M From Santander, MUFG, Nomura

Security token issuance platform provider, Securitize, announced yesterday that it had banked $14 million from a group of investors, including Banco Santander, MUFG, and Nomura. Securitize Raises $30M in Total The blockchain-oriented firm extended its Series A round by securing investments from Banco Santander’s venture capital arm – Santander InnoVentures, Mitsubishi UFJ’s (MUFG) venture capital subsidiary MUFG Innovation Partners, and Japan’s Nomura Holdings.

2019-9-25 15:00


Japanese Crypto Exchange Bitpoint Loses $32 Million In Hack; BTC, BCH, ETH, LTC, and XRP Stolen

The hacking attempts at cryptocurrency exchanges are becoming more and more prevalent as yet another exchange lost over $32 million USD worth of cryptocurrency funds. The hack on Japan’s BitPoint led to the indefinite closure of withdrawal, deposit and trading services on the platform leading to several questions on the security of the exchange. This […]

2019-7-12 16:38


Фото:

Lazarus Hacker Group Continues to Target Crypto Using Faked Trading Software

This article was originally published by 8btc and written by Lylian Tang. The Chinese security service provider 360 Security has issued a warning that a large number of crypto exchanges have been targeted by the North Korean hacker group Lazarus and that the number is still rising after the recent hacks of crypto exchanges DragonEx, Etbox and BiKi.

2019-4-2 21:54


Фото:

Cryptojacking: Malicious Cryptocurrency Mining Is not a Crime, Japanese Court Rules

A court in Japan has acquitted an individual accused of embedding a cryptojacking malware in his website to surreptitiously mine cryptocurrency using the computing power of the visitors to the site. Local Japanese media platform, The Mainichi reports that the court ruled that such activity wasn’t a criminal offense. Meanwhile, Internet security experts continue toRead More

2019-3-29 20:00


Фото:

Ontology, Layerx, and Microsoft Host Tokyo Hackathon

Ontology hosted a hackathon event with Microsoft and LayerX in Tokyo, Japan on December 8th and 9th. Recently, they revealed details on how the Ontology Tokyo Hackathon went on its Medium page. Various teams presented their blockchain projects which included food security traceability, reputation evaluation, password management, digital asset management, and identity verification after a 24-hour programming […] Ontology, Layerx, and Microsoft Host Tokyo Hackathon was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

2018-12-19 17:59


South Korea Is Trialing Blockchain Voting — Here’s What That Means

South Korea will test out a new blockchain voting system this month, sources close to the developments have confirmed to Bitcoin Magazine. Developed by the country’s National Election Commission (NEC) and its Ministry of Science and ICT, the distributed ledger system is based on IBM’s Hyperledger Fabric and will be used to authenticate voters and save voting results in real time.

2018-12-4 21:41


Bitcoin News (Nov 9): Crypto Hacking, Bakkt, BCH Fork, Tim Draper, Kaleido, VanEck Bitcoin ETF

Japan's Nomura Research Institute (NRI) and ConsenSys Create Blockchain Security Monitoring Service Japan's Nomura Research Institute (NRI) and ConsenSys Create Blockchain Security Monitoring Service Ripple On The Rise: Cred Raises $50 Million to Lend Against XRP Ripple On The Rise: Cred Raises $50 Million to Lend Against XRP Revolut CEO Claims Institutional Investor Interest in […]

2018-11-10 04:30


дальше еще 50 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Японское подразделение криптобиржи FTX возобновляет вывод средств

Клиенты японского подразделения банкротящейся криптобиржи FTX смогут вывести свои средства начиная со вторника, 21 февраля. Согласно заявлению на сайте площадки, вывод криптоактивов и фиатных валют доступен через платформу Liquid Japan.