This move by Nomura Securities is considered to be the first bond offering made using blockchain technology by any Japanese ever.
All the investors of NRI got the digital asset bond directly from Nomura Securities. This whole digital asset bond will be backed by them only. Nomura Trust and Banking Co. Ltd. have acted as a fiscal agent for both the bonds out there. The blockchain platform named ‘ibet’ was provided by BOOSTRY which also acted as a registered agent for the whole process. The whole process of payment and issuance of these bonds happened today itself, that is March 30.
This whole process is an initiative by the Nomura Group and NRI to provide a contribution to the development of the capital market of Japan. This contribution will lead Japan’s capital market to create value and will also provide help to sort out different social issues.
Digital asset bond simply indicates a collaboration between marketing and finance. This collaboration will further lead towards expanding the overall functioning of the markets.
A research group has also been created by the group for multiple purposes. Through this group, a lot of fields will be brought together for further enhancements. The fields like academics, settlement agencies, financial intermediaries and a lot more. These agencies from different fields will be focusing towards blockchain technology in the whole financial and capital market.
This research group will also look towards the different approaches that could be used to enhance the markets using blockchain technologies.
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