Published in Tokyo FinTech·Jun 17Tokio Marine partners with Shift Technology for fraud detection in fire insuranceTokio Marine & Nichido Fire Insurance has announced a collaboration with the French InsurTech startup Shift Technology to deploy an AI-based mechanism for the detection of fraudulent claims in fire insurance. …Japan2 min read
Published in Tokyo FinTech·Jun 16The 2022 Digital Transformation Champions in Financial ServicesThe Ministry of Economy, Trade and Industry (METI) has been collaborating with the Tokyo Stock Exchange (TSE) to strengthen the competitiveness of Japanese companies over the medium to long term through the strategic utilization of information technology. From 2015 to 2019, an annual award for “aggressive IT management” was given…Japan2 min read
Published in Tokyo FinTech·Jun 8ADDX is first Singapore financial institution to recognize crypto assets of accredited investorsTokai Tokyo-backed private market exchange ADDX has become the first financial institution in Singapore to recognize cryptocurrency assets for the purposes of onboarding accredited investors. ADDX can onboard such investors from all over the world. Under Monetary Authority of Singapore (MAS) regulations, only accredited investors have access to more sophisticated…Japan3 min read
Published in Tokyo FinTech·Jun 7Osaka Digital Exchange to launch PTS operations on June 27The Osaka Digital Exchange (ODX), jointly owned by SBI Group (70%), Sumitomo Mitsui Financial Group (20%), Nomura Holdings (5%), and Daiwa Group (5%), has registered as a Type I financial instruments trader on April 18, and obtained authorization to operate a Proprietary Trading System (PTS) on April 28. …Japan2 min read
Published in Tokyo FinTech·May 31First Publicly Offered Digital Retail Bond from Japanese CorporationsSPARX Group, in cooperation with LINE Securities Corporation, and Nomura Securities, has announced that it will issue digital retail bonds as a public offering. This first offering under a framework from Japanese corporations will be available on BOOSTRY’s digital securities platform.Japan2 min read
Published in Tokyo FinTech·May 29Sumitomo Mitsui Trust Bank creates digital assets custody joint ventureSumitomo Mitsui Trust Bank (SMTB) and licensed cryptocurrency exchange Bitbank have agreed to form a digital asset custody joint venture. …Japan1 min read
Published in Tokyo FinTech·May 28Japanese space tourist launches USD 100m Web3 fundYusaku Maezawa, who founded Japan’s largest online fashion mall, Zozotown, and sold most of his stake to Yahoo Japan in a deal worth more than USD 2.3bn …Japan2 min read
Published in Tokyo FinTech·May 28Tokyo FinTech Digest #10The major US indices managed to avoid an extension of their seven and eight weeks losing streaks, turning in their best performance since November 2020, while bitcoin has not participated in the week-ending run, and hovers under USD 29,000 at the time of this writing. Some pundits will take the…Japan4 min read
Published in Tokyo FinTech·May 18Apply to the K-Startup Grand Challenge until May 31!Applications to Korea’s signature startup accelerator are open for another two weeks, until May 31. Each of the 60 teams will receive USD 11,136 to cover living expenses for the 3.5 months duration of the program. The top ten performing teams will be awarded monetary grants worth USD 320,000. ProcessKorea3 min read
Published in Tokyo FinTech·May 17Nomura announces plan to establish new Digital Asset CompanyNomura Holdings today announced the creation of a new digital asset company that will offer institutional clients a comprehensive suite of trading, investor products and investment services. Due to launch later this year, the new digital asset company will provide institutional clients and investors with products and services linked to…Japan2 min read
