Financial services company Tokai Tokyo has unveiled a new private investment offering in partnership with Singapore’s digital stock exchange ADDX.
According to an official announcement revealed Thursday, Tokai Tokyo has launched a Security Token Offering service that allows issuers to issue security tokens backed by real estate to raise funds. To allow such an offering, the company has secured relevant licenses from Japanese regulators.
ICHX, which operates ADDX, is a Singapore company funded by Tokai Tokyo Financial Group. It is also supported by Singapore Exchange as its shareholder. With its new offering, Tokai Tokyo will provide domestic companies with new financing methods that utilize real estate assets in collaboration with regional banks.
“It took a long time to get to this point, but we now have a license for security tokens,” said Yuji Ban, Senior Managing Executive Officer at Tokai Tokyo. He added:
“Our future collaboration with ADDX will be key to establishing an innovative business model in Japan, where a digital security exchange like ADDX does not exist yet. We and many others in Japan eagerly anticipate working with ADDX to create investment opportunities for Japanese investors and new financing options for issuers. We look forward to working with ADDX on a variety of security token projects in the near future.”