Earlier this week, the Commissioner of Japan’s Financial Services Agency visited Korea to discuss collaborations between the two countries. One of the topics at the event was digital bonds.
Korea is in the process of finalizing the Token Securities Act, whereas Japan has a reasonably active tokenization sector. However, Japan’s issuances are dominated by real estate, with digital bonds making up a minority of activity. So far this year there have been four digital bonds, with only two substantial ones worth more than $1 million, from Nomura Research Institute and Toyota.
Shinhan Financial Group Chair Jin Ok-dong said, “Cooperation between Korea and Japan is necessary in the process of establishing (digital) transformation finance and a digital bond market, and Shinhan Financial Group will serve as a bridge.”
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