Toyota Group issues first blockchain ST bond 'Toyota Wallet ST Bond'

According to CoinPost, Toyota Financial Services announced on February 10th the issuance of the group's first blockchain based security token bond (ST bond), called the "Toyota Wallet ST Bond". The issuance was jointly promoted by Toyota Finance, Toyota Finance, Daiwa Securities, Mitsubishi UFJ Bank, Mitsubishi UFJ Trust Bank and Progmat. This ST bond utilizes blockchain technology to strengthen the connection between Toyota Group and individual investors, and provides exclusive benefits through Toyota's smart payment application "TOYOTA Wallet" to enhance users' sense of identification with Toyota's business. The bond issuance will adopt Progmat's digital asset management platform to achieve real-time tracking and accurate service of investor information.