Daiwa Securities, Progma, and SBIR3 collaborate to jointly verify the efficiency of digital corporate bonds

Toward greater efficiency in digital corporate bonds

It has been revealed that three domestic companies, Daiwa Securities, Progma, and SBI R3 Japan (hereinafter referred to as SBIR3), will collaborate on the issuance of digital corporate bonds. Domestic media reported this on the 11th.

Daiwa Securities and Progma systems will be connected in order to streamline the issuance of digital corporate bonds and reduce the workload. The two companies’ systems are both based on the blockchain “Corda” that SBIR3 is involved in, making it easy to interoperate. The plan is to invite participation from other securities companies in the future.

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Currently, there is an inefficient process for issuing corporate bonds. Particularly in the process called “pre-marketing,” each company’s work may overlap, and communication is also carried out by phone, email, and chat, and Excel is used to aggregate information.

Pre-marketing is the process of interviewing investors to predict demand when issuing corporate bonds. In order to resolve these issues, the three companies have agreed to conduct joint verification.

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Programma trends

Progma’s business has recently become more active, including collaborations with other companies. Progma was originally developed by Mitsubishi UFJ Trust and Banking as a digital asset issuance and management platform, but it was announced in September of this year that it would be spun off into a separate company.

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As a use case for digital corporate bonds, in August this year, Mitsubishi UFJ Trust and Banking and NTT Data announced the construction of a new infrastructure using blockchain technology to streamline issuance and management. announced a policy to implement a commercial version of the digital corporate bond management platform “DBM (tentative)” that can be linked with “DBM”.

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In addition, in the area of ​​crypto assets (virtual currency), we are actively promoting collaboration regarding stable coins, and it was announced that we will start joint consideration of a new stable coin with Binance Japan in September of this year. It has become.

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Digital securities special feature

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