Three of Japanese Megabanks Launch Cross-Border Stablecoin Initiative [Yahoo! Finance]
JAPAN EXCH GRP UNSP/ADR (JPXGY)
NASDAQ:AMEX Investor Relations:
jpx.co.jp/english/corporate/investor-relations
Company Research
Source: Yahoo! Finance
The initiative, dubbed "Project Pax," will be led by blockchain firms Progmat, Datachain, and TOKI, with the participation of MUFG, SMBC, and Mizuho banks. The project aims to leverage stablecoins issued through Progmat, a blockchain startup backed by the three banks, as well as SBI Holdings and the Japan Exchange Group. According to a Thursday press release. By integrating these regulated stablecoins with existing cross-border messaging frameworks, the platform hopes to enable faster and more efficient international settlements for enterprises. "This enables financial institutions to avoid operational redundancy with fiat currency transfers and minimize investment costs," the project stated in a press release. The extend points to use stablecoins issued through Progmat, a blockchain startup supported by the three banks, as well as SBI Possessions and the Japan Trade Gather.This approach is designed to address regulatory compliance challenges, such as anti-money laundering req
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JPXGY
News
- Nikkei falls over 1% as yen strengthens; Asia markets trade mixed ahead of Fed meeting [MSNBC.com]MSNBC.com
- Two Datasets Added to "J-Quants Pro," JPX's Most Convenient Financial Data Distribution Service for Corporate UsersPR Newswire
- Nikkei plunges over 3%, leading losses in Asia after Wall Street plummets on weak U.S. data [MSNBC.com]MSNBC.com
- Japan, Tokyo governments target $4.7 billion valuation for Tokyo Metro in IPO, Reuters reports [CNBC]CNBC
- Exclusive-Japan, Tokyo governments target $4.7 billion valuation for Tokyo Metro in IPO, sources say [Yahoo! Finance]Yahoo! Finance
JPXGY
Sec Filings
- 9/27/24 - Form F-6
- 9/17/24 - Form F-6
- JPXGY's page on the SEC website