Toyota will cooperate with companies such as Mitsubishi UFJ to issue the first blockchain ST bonds
Toyota Financial Services announced on the 10th that it will issue its first security token bond (ST Bond). The company will cooperate with Toyota Finance, Daiwa Securities, Mitsubishi UFJ Bank, Mitsubishi UFJ Trust and Banking Corporation and Progmat.
The ST Bond (also known as Toyota Wallet ST Bond) will use blockchain technology to strengthen the connection between the Toyota Group and individual investors. The issuance scheme will adopt Progmat's digital asset issuance and management platform "Progmat (SaaS)", by sharing information between TOYOTA Wallet and Progmat, investor information can be obtained in a timely manner, and services can be provided based on the latest information. (Coinpost)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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