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Boosting Tokyo Stock Exchange with Blockchain Technology: JPX Invests in BOOSTRY

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According to reports, JPX, the operator of the Tokyo Stock Exchange, will acquire a 5% stake in BOOSTRY, a blockchain infrastructure company established by Nomura Securities and No

Boosting Tokyo Stock Exchange with Blockchain Technology: JPX Invests in BOOSTRY

According to reports, JPX, the operator of the Tokyo Stock Exchange, will acquire a 5% stake in BOOSTRY, a blockchain infrastructure company established by Nomura Securities and Nomura Research Institute (NRI), with SBI holding a minority stake in the company. After the transaction was completed, Nomura Securities’ shareholding ratio decreased from 56% to 51%, but NRI’s shareholding ratio was 34% and SBI’s shareholding ratio was 10%.

JPX acquires 5% stake in BOOSTRY, a blockchain enterprise invested by Nomura

As technology continues to evolve, more and more industries are seeing the value of incorporating blockchain in their systems. The Tokyo Stock Exchange (TSE) is no exception, as it recently acquired a 5% stake in BOOSTRY, a blockchain infrastructure company established by Nomura Securities and Nomura Research Institute (NRI) with SBI holding a minority stake in the company. This move by JPX is expected to pave the way for a more efficient and secure stock exchange system.

What is BOOSTRY?

BOOSTRY is a blockchain technology platform that aims to transform the trading and settlement processes in the financial industry. It utilizes a private blockchain that was developed by NRI, allowing for faster and more secure transactions. This technology also provides smart contract functionality, ensuring that all transactions are executed automatically without the need for intermediaries.

The Benefits of Incorporating Blockchain in the Stock Exchange

With BOOSTRY, the TSE aims to improve the trading and settlement processes between financial institutions. Blockchain technology provides a decentralized and secure means of recording transactions, while smart contracts can automate the process of verifying and executing trades. This has the potential to significantly decrease the time and cost of settling trades, while also reducing the risk associated with fraud.

The Role of JPX in Boosting the Boostry Platform

JPX’s acquisition of a 5% stake in BOOSTRY will surely boost the platform’s credibility and financial stability. As the operator of the TSE, JPX has extensive experience in the financial industry and can provide invaluable insights into how the platform can be enhanced to suit the needs of investors.

Nomura Securities, NRI, and SBI: The Shareholding Ratio

After the transaction was completed, Nomura Securities’ shareholding ratio decreased from 56% to 51%, but NRI’s shareholding ratio was 34% and SBI’s shareholding ratio was 10%. This means that majority control of BOOSTRY still lies with Nomura Securities and NRI, while SBI holds a minority stake in the company.

Conclusion

The acquisition of a 5% stake in BOOSTRY by JPX is a clear indication of how blockchain technology is changing the way financial institutions are operating. The TSE is taking important steps towards improving their trading and settlement processes for a more efficient and secure system.

FAQs

Q: What is the role of blockchain in the financial industry?
A: Blockchain technology provides a decentralized and secure means of recording transactions, while smart contracts can automate the process of verifying and executing trades.
Q: Who are the major shareholders of BOOSTRY?
A: After the transaction was completed, Nomura Securities’ shareholding ratio decreased from 56% to 51%, but NRI’s shareholding ratio was 34% and SBI’s shareholding ratio was 10%.
Q: What are the potential benefits of using blockchain technology in the stock exchange?
A: Using blockchain technology in the stock exchange has the potential to significantly decrease the time and cost of settling trades, while also reducing the risk associated with fraud.

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