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Singapore brings Japan into Asia's first digital securities market

Tokai Tokyo to take stake in company behind SGX's iSTOX platform

Singapore Exchange is preparing to launch Asia's first market for blockchain-based digital securities.   © Reuters

TOKYO -- Japan's Tokai Tokyo Financial Holdings will help run Asia's first full-fledged market for digitized securities in Singapore, Nikkei has learned, serving as a bridge for Japanese companies and investors to the blockchain-based trading platform.

The Tokyo-based financial services group will invest roughly 500 million yen ($4.58 million) for a 4.8% stake in the company that will operate the iSTOX maket, which Singapore Exchange is preparing to launch.

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