02.28.2022

Japan Exchange Group Invests in Digital Asset Markets

02.28.2022

Japan Exchange Group, Inc. (JPX) hereby announces that it has made a minority investment of JPY 360 million in Digital Asset Markets, Inc. as of February 25, 2022.

Through this investment, JPX aims to strengthen its relationship with Digital Asset Markets, Inc., which enables trading of a crypto asset linked to the physical gold price, and Mitsui & Co. Digital Commodities, Inc., the issuer of said asset, while contributing to the acquisition of cutting edge expertise in the digital asset space as well as the development of new business areas.

Digital Asset Markets, Inc. is a crypto-asset exchange service provider which handles Zipangcoin, a crypto asset issued by Mitsui & Co. Digital Commodities, which is a subsidiary of Mitsui & Co. Zipangcoin is a crypto asset that aims to be roughly linked to the price of physical gold, achieving convenience and enabling small-lot trading for retail investors through digitalization.

Source: JPX

Related articles

  1. This is the first phase of implementing NDF and Spot Matching, and streaming relationship venues in Asia.

  2. HKEX reported lower trading and clearing fees in the first quarter.

  3. Over two thirds, 68%, of APAC asset owners are prioritising climate issues.

  4. The agreement aims to strengthen cooperation between the fintech ecosystems of both countries. 

  5. Swap Clearing Volumes Rise in Asia
    Daily Email Feature

    Instinet Launches BlockMatch Asia

    The trading platform will save institutional traders as much as half of the bid-ask spread.