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SBI, Nomura, Kabu, Rakuten unite to form Security Token Offering Association in Japan

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Malaki Braydon
Malaki Braydon
Braydon has been into the crypto and blockchain space from the past 7 years. Based in New York City, Braydon has completed his masters from Kingsborough Community College.

The Security Token Offering(STO) is slowly booming and to promote this, six major Japanese brokerage firms have come together and formed an STO Association in Tokyo. The six firms involved in this association are- Rakuten Securities, Nomura Securities, Monex, Daiwa Securities, Kabu.com Securities, and SBI Securities.

The Security Token Offering(STO) is slowly booming and to promote this, six major Japanese brokerage firms have come together and formed an STO Association in Tokyo. The aim behind this association is to boost the STOs culture and to promote it as a fund-raising model in the country.

The six firms involved in this association are- Rakuten Securities, Nomura Securities, Monex, Daiwa Securities, Kabu.com Securities, and SBI Securities. Monex announced the news explaining that the formation of this association aims to work as a self-regulatory organization for STOs as they have been gaining popularity among countries.

The association will ensure investors protection with the help of regulations that will help in preventing illegal activities which includes money laundering. They are also trying to get the certificate to be an Authorized Financial Instruments Firms Association, according to the Financial Instruments and Exchange Act to make the best use of their capabilities as a self-regulatory organization.

Disclaimer: Coinnounce's views are not necessarily reflected in the articles published, and they are the sole representation of the author's opinions. Article's information should not be taken as investment advice. Risks are involved in cryptocurrency investments and trading. Readers are urged to carry out extensive research before making a decision.

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