Published in Tokyo FinTech·3 days agoApply 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·3 days agoNomura 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
Published in Tokyo FinTech·5 days agoTokyo FinTech Digest #9While this week’s top story certainly was the unraveling of a certain stablecoin, the word did not stop, although Luna and Terra did take a lot of our attention. …Japan6 min read
Published in Tokyo FinTech·May 4Metaverse Reading ListEverybody is getting onto the Metaverse bandwagon. Since it is hard to keep track of what has been published, please see below for a baker’s dozen and the most worthwhile reports across institutional research, consulting reports, and academic publications. …Japan2 min read
Published in Tokyo FinTech·Apr 19Is Liquid out of control?Liquid got hacked. Liquid is allegedly not paying its people. Yes, Liquid appears out of control. Now that it got acquired by FTX, it is someone else’s problem to straighten out the mess and do the right thing. Will Sam Bankman-Fried step up? In a claim filed in the Singapore…Japan2 min read
Published in Tokyo FinTech·Apr 18The cryptocurrency “green list”As we laid out in our article “Set Japanese crypto exchanges free!”, the Japan Virtual and Crypto asset Exchange Association (JVCEA) announced a “green list” of the most common tokens, so that these can be listed on any exchange without requiring exchange-by-exchange approval. Naturally, exchanges will still need to comply…Japan2 min read
Published in Tokyo FinTech·Apr 17Zipangcoin — Japan’s first gold-backed virtual assetZipangcoin (ZPG) is a cryptographic asset issued by Mitsui Digital Commodities (MDC), a wholly owned subsidiary of Mitsui, the behemoth Japanese trading firm. ZPG has been launched on Digital Asset Markets (DAMS) in February, one of 32 licensed cryptocurrency exchanges, where it is currently the sole listed asset. DAMS shareholders…Japan2 min read
Published in Tokyo FinTech·Apr 15Japan’s first wholesale digitally tracked green bondJapan Exchange Group (JPX), Hitachi, Nomura Securities, and BOOSTRY today announced their cooperation in the issuance of a publicly-offered wholesale “Digitally Tracked Green Bond”, the first in Japan, using a corporate bond-type security tokens scheme (hereinafter, “digital bond”) that utilizes a blockchain provided by BOOSTRY. The digital bond will be…Japan3 min read
Published in Tokyo FinTech·Apr 14From Mt. Gox to UngoxThis week, former Bitcoin star and founder of the Mt. Gox cryptocurrency exchange Mark Karpelès made an appearance at the Foreign Correspondents’ Club of Japan to talk about his new venture, Ungox, a rating agency for crypto exchanges. Having been given a suspended sentence in Japan for falsifying information, the…Japan4 min read
Published in Tokyo FinTech·Apr 14Bank of Japan CBDC PoC Phase 1 ResultsThe Bank of Japan (BoJ) has issued a results report for the Phase 1 of its Central Bank Digital Currency (CBDC) Proof-of-Concept (PoC) that was conducted between April 2021 and March 2022. The purpose of this phase was to verify whether it is possible to accurately process basic CBDC-related transactions…Japan4 min read
