Leading firms in Japan will create the Security Token Offering Association

Important leading firms in Japan that include Rakuten Securities and SBI Securities, announced a coalition to create the “Security Token Offering Association” in the Asian country, with the aim of providing support and advice to companies interested in raising funds through the marketing of cryptocurrencies.

The information was released after a statement published by the organization where they reported that it will be supported by Nomura Securities, Daiwa Securities, Kabu.com, Securities and the Monex banking entity. In addition, these companies are expected to work for the development of self-regulatory measures applicable to the trade in security tokens (digital assets that represent securities). The latter is legally one of the most recognized and popular as a method of financing.

This alliance will be very beneficial for the organization because it will seek to be accredited with the certification for the Association of Companies of Authorized Financial Instruments, having more impact in terms of the work they plan to do to support the ecosystem.

The launch of these new association closely follows the announcement published by the Coinbase team, which reports on an alliance with several companies in the sector to launch the Crypto Rating Council, which aims to create a scalable rating system, based on very specific points to evaluate cryptocurrencies and circulating tokens, as well as those that wish to go to market.

In accordance with this, Coinbase as well as other companies have as main interest to have regulatory provisions applicable to the security token trade, offering more guidance to interested persons and companies.

K.Villarroel

Source: dailybitcoin