fbpx
Skip to content Skip to footer

Six Japanese Firms Form Association to Boost STOs

Six Japanese Firms Form Association
Six Japanese Firms Form Association

Six Japanese firms form an association called the Security Token Offering (STO) in Tokyo. The members of the association are Nomura Securities, Rakuten Securities, SBI Securities, Monex, Daiwa Securities, and Kabo.com Securities. 

Purposes of STO association

The association will work as a self-regulatory body for STOs. Therefore, it aims to boost the STOs culture and to promote it as a fund-raising model in Japan, said Monex. 

You may also want to read this:

The association will also ensure that the regulations will protect the investors and help prevent illegal activities. These activities are often associated with cryptocurrency and tokens, such as financing terrorism or money laundering.

The Blockcrypto reported that the association is also planning to get a certification as an Authorised Financial Instruments Firms Association. It will be based on the Financial Instruments and Exchange Act of Japan.

Six major Japanese firms form association

The Security Token Offerings (STO) Association brings supports to STOs, just months before the implementation of the regulations on the public sales of the coins in Japan.

The six brokerage firms are both old and new.  In this connection, Nomura Securities and Daiwa Securities are the older founding members of the association.

In addition to this, the new ones that join forces include Kabu.com Securities, Monex, Rakuten Securities, and SBI SECURITIES.

Coindesk reported that the group does not include SMBC Nikko Securities.

In May 2019, Japan amended the Act on Settlement of Funds and the Financial Instruments and Exchange Act. In this regard, the Act regulates the sale of the coins. This will go the same as the offerings of conventional securities.  


Leave a comment

About SuperCryptoNews

SuperCryptoNews is a global leading blockchain & crypto news provider, covering daily news focused on trading and investment developments in bitcoin and crypto. We bring you expansive crypto news coverage around the world. We offer many thought leadership opinions from blockchain experts and leaders of the industry.

Subscribe to SCN

© Copyright of Novum Global Consultancy Pte Ltd {2020, 2021}. All rights reserved.                          Contact Us   |   T&Cs   |   Privacy Policy   |   About Us

About SuperCryptoNews

SuperCryptoNews is a global leading blockchain and crypto news provider, covering daily news on the latest tech and trading developments in crypto. We bring you expansive crypto news coverage especially in Asia, with a focus on Singapore, Thailand and Southeast Asia.

Follow Us On

© Copyright of Novum Global Consultancy Pte Ltd {2020, 2021}. All rights reserved.

Contact Us   |   T&Cs   |   Privacy Policy   |   About Us