Japan Exchange Group, Inc. (Director and Representative Executive Officer, Group CEO: Akira Kiyota, “JPX”), Nomura Holdings, Inc. (Representative Executive Officer, President and Group CEO: Kentaro Okuda, “Nomura”), Nomura Research Institute, Ltd. (Chairman, President & CEO Shingo Konomoto, “NRI”) and SBI Holdings, Inc. (Representative Director, Chairman, President & CEO: Yoshitaka Kitao, “SBI”) today announced that they have agreed to transfer a portion of Nomura’s shares in BOOSTRY, Co., Ltd. (President and CEO: Toshinori Sasaki, “BOOSTRY”) to JPX and have entered into a business alliance agreement regarding BOOSTRY’s operation and business.

As a result of the share transfer, Nomura will own 51%, NRI 34%, SBI 10% and JPX 5% of BOOSTRY’s shares.

News Release
-Capital Participation in BOOSTRY by Japan Exchange Group and Signing of Agreement to Promote Security Token Businesshttps://t.co/jNcSxTIoJR

— Japan Exchange Group EN (@JPX_official_EN) March 30, 2023

1.Background and Purpose

The four companies aim to leverage their expertise, skills, personnel and other resources to promote digital asset related business and support the growth of security token markets. BOOSTRY is leading the development of “ibet for Fin,” the only decentralized finance platform in the country operated by a consortium (currently comprising 15 companies). The platform is used to issue security tokens for securitized products and corporate bonds. The ibet for Fin consortium adopts an operating system that cannot be monopolized by any specific company. Taking advantage of blockchain technology, it provides a network that allows each company to develop and add various services.

In collaboration with Nomura Securities Co., Ltd. and BOOSTRY, JPX and JPX Market Innovation & Research, Inc. (“JPXI”) have developed a scheme for a Digitally Tracked Green Bond, a bond-type security token (“digital bond”) issued by JPX. Blockchain and other digital technologies are used in digital bonds to improve transparency and efficiency. They help address the lack of data transparency and data collection complexities associated with green investments, issues identified by both issuers and investors of green bonds.

Through the alliance, JPX and JPXI will further develop services in conjunction with the ibet for Fin consortium, taking advantage of the technologies and services that support trading, and will work with various companies to establish a new capital market scheme with the aim of developing the security token market.

Source: JPX