Search results for Daiwa Securities
Crypto
Nine Japanese financial institutions complete Phase 2 validation of Project Trinity
Nine Japanese institutions including Mitsui Sumitomo Bank, Daiwa Securities and SBI Securities have completed Phase 2 validation of Project Trinity. The project focuses on removing risks arising from settlement timing gaps through delivery-versus-payment settlement. In the test, Daiwa Securities and SBI Securities simulated the START market of the Osaka Digital Exchange and settled trades using a security token corporate bond and a trust-type stablecoin. They completed two cross-blockchain simultaneous exchanges.
Crypto
Japan\'s Gumi launches crypto management fund with SBI to invest in bitcoin and altcoins
Japanese game developer Gumi will launch a 3 billion yen cryptocurrency investment fund with SBI Financial Services. The fund will invest in bitcoin and major altcoins, while seeking returns through staking and using hedging and rebalancing strategies to manage risk. Gumi said the fund aims to connect Japanese corporate capital with crypto markets and to build a track record ahead of possible future approval of crypto exchange-traded funds in Japan.
Crypto
Lawson to test stablecoin payments at convenience stores with JPYC from August
Japan\'s convenience store chain Lawson will introduce payments using yen-pegged stablecoin JPYC at stores from August. A pilot is set for early August at a Lawson store operated by telecoms company KDDI, using a smartphone wallet barcode scanned by a POS terminal. Lawson plans to check POS integration and payment time. KDDI has a capital and business tie-up with wallet firm HashPort, which supports the trial.
