Daiwa Securities has partnered with Progmat to develop a solution for issuing tokenized bonds, marking a significant step in modernizing the bond market. The collaboration involves the use of R3’s Corda blockchain technology and the participation of SBI R3. Daiwa’s solution aims to automate the manual process of bond issuance, which typically involves investor contact and data compilation. By automating these stages, the process becomes more efficient and accurate. Daiwa also plans to introduce features that automatically allocate bonds to investors based on pre-set criteria. Progmat, backed by MUFG and other financial institutions, has already established a bond partnership with NTT Data. Daiwa’s partnership with Progmat positions it favorably in the emerging tokenized bond market. The use of blockchain technology not only improves efficiency and transparency in bond issuance but also opens up new possibilities for accessibility and liquidity in financial markets. As more securities firms consider adopting this offering, the tokenized bond landscape could undergo a significant transformation, benefiting investors and issuers alike.
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| Information | Details |
|---|---|
| Geography | Asia |
| Countries | 🇯🇵 |
| Sentiment | very positive |
| Relevance Score | 1 |
| People | None |
| Companies | SBI R3, Progmat, NTT Data, Daiwa Securities, MUFG |
| Currencies | None |
| Securities | None |
