Blockchain & Crypto

JPX Takes Stake in Nomura-Led Blockchain Business Boostry

Japan Exchange Group (JPX) acquires a stake in the Booster blockchain project.

JPX Takes Stake in Nomura-Led Blockchain Business Boostry

Source: Pixabay.com

This blockchain project is headed by Nomura. The purchase of a stake in Booster is carried out as part of a transaction aimed at stimulating the development of the security token market.

JPX currently owns a 5% stake in Boostry. Nomura owns 51% of the shares, NRI – 34%, and SBI – 10%.

Booster was founded in 2019. The company has developed a decentralized financial platform IBet for Fin, which is managed by a consortium consisting of 15 firms. This platform is used to issue security tokens for securitized products and corporate bonds.

As part of the previously established cooperation with Booster, JPX has developed a scheme for Green Bond with digital tracking, a security token of the bond type issued by the exchange.

In the new alliance, JPX will develop other services together with the IBet for Fin consortium. Work will also be carried out to create a new capital market scheme, the purpose of which is to develop the security token market.

JPX is a Japanese holding company for the exchange of financial instruments. The firm owns three licensed financial instrument exchange corporations, including the Tokyo Stock Exchange, the Osaka Exchange, and the Tokyo Mercantile Exchange. JPX was created as a result of the merger of the Tokyo and Osaka Stock Exchanges on January 1, 2013. In 2019, the company became the owner of the Tokyo Commodity Exchange. This transaction was concluded to expand the derivatives trading business in the commodity market.

Also in the structure of the company, there is a division of IT services and research JPX Market Innovation & Research, Inc. self-regulatory body Japan Exchange Regulation (JPX-R), and the central clearing counterparty Japan Securities Clearing Corporation (JSSC). In June 2021, the firm was the fifth largest stock exchange operator in the world, behind the NYSE, NASDAQ, SSE, and HKSE.

In April 2022, as part of efforts to strengthen business activity in the Kansai region, JPX opened its head office and IPO Center in Osaka. The company’s action plan in emergency and emergencies provides that in the event of a large-scale disaster in the capital region of Japan, the Osaka site will take over all the firm’s activities.

As we have reported earlier, SEB Buys Stake in Nordic InsurTech Hedvig.

Serhii Mikhailov

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Serhii’s track record of study and work spans six years at the Faculty of Philology and eight years in the media, during which he has developed a deep understanding of various aspects of the industry and honed his writing skills; his areas of expertise include fintech, payments, cryptocurrency, and financial services, and he is constantly keeping a close eye on the latest developments and innovations in these fields, as he believes that they will have a significant impact on the future direction of the economy as a whole.