Issuance of a Digital Bond Using a Settlement Scheme New to Japan
Nomura Research Institute, Ltd. (Headquarters: Tokyo, Japan; President & CEO Kaga Yanagisawa, hereinafter referred to as “NRI”), Nomura Securities Co., Ltd. (Headquarters: Tokyo, Japan; Representative Director and President Kentaro Okuda; hereinafter referred to as “Nomura Securities”), BOOSTRY Co., Ltd. (Headquarters: Tokyo, Japan; CEO Toshinori Sasaki; hereinafter referred to as “BOOSTRY”), and DeCurret DCP Inc. (Headquarters: Tokyo, Japan; Representative Director, Chairman and President, CEO Satoshi Murabayashi; hereinafter referred to as “DeCurret DCP”) , Sumitomo Mitsui Banking Corporation (Headquarters: Tokyo, Japan; President and Chief Executive Officer Akihiro Fukutome; hereinafter referred to as “SMBC”) have had discussions regarding the below initiatives, which introduced a new settlement scheme that would expand the market for digital securities and implemented a proof of concept to demonstrate the scheme’s feasibility (hereinafter referred to as the “project”) .
1 An issuance of a digital bond (hereinafter referred to as the “digital bond”) using a settlement scheme new to Japan - - Settled by delivery versus payment (DVP)1, a first for a digital bond in Japan Settled on the trade date + 1 business day, the shortest settlement period for the new issue of a domestic corporate bond 2 Proof of concept for settlement of a security using digital currency, the first such transaction in Japan (hereinafter referred to as the “PoC”) - This demonstration was conducted separately from the digital bond issuance *DeCurret DCP only participated in the PoC
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