Japan Exchange Group (JPX) is acquiring a stake in the Nomura-led blockchain initiative Boostry to advance the development of the security token market. JPX now holds five percent of Boostry’s shares, while Nomura owns 51%, NRI has 34%, and SBI controls 10%.
Founded in 2019, Boostry has established ‘ibet for Fin’, a decentralized finance platform supported by a consortium of 15 firms, which is designed to issue security tokens for securitized products and corporate bonds. In collaboration with Boostry, JPX has already launched a scheme for a Digitally Tracked Green Bond, a bond-type security token issued by the exchange.
Through this new partnership, JPX aims to develop additional services alongside the ibet for Fin consortium and to create a new capital market scheme focused on expanding the security token market.