The First Cryptocurrency Public Offering Goes Live in Japan

The First Cryptocurrency Public Offering Goes Live in Japan

A press release on 15 October announced that Cayman Islands based, Epoch Partners Limited, became the first cryptocurrency correlated IPO

Late last month, the securities registration for the fund was filed on the disclosure system (EDINET) of the Japanese Financial Services Agency. Subscriptions, which are capped at roughly $900 million or 100 billion Yen, are now open.

Marketing Strategy

Tokyo-based and licensed Japanese firm, Teneo Partners will work side-by-side with Epoch. Teneo CEO said, having a more diversified investment offering allows the firm to distinguish themselves from their competitors. This will also allow them to address the needs of their clientele.

Why Japan?

According to James Skinner, an Epoch Partners associate, Japan has been leading the virtual asset space. The country was the first to have proper cryptocurrency regulations. He then considered the interest of Wall Street institutions and believes the asset class will be part of an investor’s portfolio, though minimally.

Cryptocurrencies are blossoming is Japan. Just last month, the country increased manpower to help with its regulation efforts.

Related news

Tokai Tokyo Financial Holdings to Bring Digital Securities to Japan

Japanese Expansion After spending months developing within the confines of the MAS FinTech Sandbox, digital exchange, ‘iSTOX’, looks to take its first large step forward – towards Japan. It was recently announced that Japan based, Tokai Tokyo Financial Holdings, has acquired a minority share of ICHX Tech (iSTOX ‘mother-company’). This move represents a first for iSTOX, as the company looks to eventually offer their services to investors worldwide. Investment Details iSTOX has had a successful year, as they have been on the receiving end of various investments over this time. The first major example would be the globally renowned, Singapore Exchange (SGX), followed by a series of companies in the following months. SGX Invests in iSTOX to Develop Security Token Platform iSTOX Exchange Completes Series A Funding This latest investment, which totals $4.58M, equates to a 4.58% share in ICHX Tech. By acquiring the position, it is expected that digital securities, hosted on the iSTOX platform, will now be available to Japanese investors; this being possible through the brokerage capabilities of Tokai Tokyo Financial Holdings. MAS FinTech SandBox One of the reasons behind the success experienced thus far by iSTOX, can be owed to the fact that they are one of a very select group to be admitted into the Monetary Authority of Singapore (MAS) FinTech Sandbox. This program allows for companies to trial new technologies and products, within a structured environment, allowing for continued public/client protective measures. MAS FinTech Sandbox Welcomes Capital Markets Platform ‘iSTOX’ iSTOX iSTOX is a subsidiary of Singapore based, ICHX Tech, which was founded in 2017. The company is fervently working to develop, and attain, adoption for their digital securities exchange. This platform, which is currently operative and accessible by accredited investors, is expected to make a full launch in Q4 of 2019. CEO, Danny Toe, currently oversees company operations. The team at iSTOX recently announced new growth, as they welcomed a new CCO – Oi Yee Choo. The following article takes a closer look Oi Yee Choo and what she brings to the table. UBS Managing Director Oi Yee Choo Becomes iSTOX CCO Tokai Tokyo Operating out of Tokyo, Japan, Tokai Tokyo Financial Holdings is an investment firm, which was founded in 1929. The company is able to offer its clientele a variety of services, pertinent to securities, such as brokerage, distribution, and more. Company operations are currently overseen by CEO, Tateaki Ishida. In Other News Singapore has rapidly established themselves as a leader within digital securities. With clear regulation, and forward thinking, companies have been able to effectively establish themselves within the Asian nation. The following articles are a few examples, highlighting industry moves which involve Singapore. 1X Launches as First Licenced Private Securities Exchange in Singapore Propine Accepted into MAS FinTech Sandbox Singapore Halts STO for Regulatory Breach The post Tokai Tokyo Financial Holdings to Bring Digital Securities to Japan appeared first on

Crypto News From Japan: Nov. 11–17 in Review

Crypto News From Japan: Nov. 11–17 in Review In this week’s selected cryptocurrency and blockchain-related news from Japan, a new association promoting crypto assets in antiquing was born, a well-known cryptocurrency trader was arrested and the Kyoto University started participating in the XRP ledger. Here is the past week of cryptocurrency and blockchain news in […] Cet article Crypto News From Japan: Nov. 11–17 in Review est apparu en premier sur Bitcoin Central.
Bitcoin Central

Hot news

By continuing to browse, you agree to the use of cookies. Read Privacy Policy to know more or withdraw your consent.