Japan Tests Settlements for Security Tokens (digital securities on blockchain) Using Tokenized Deposits (bank deposits on-chain)
According to the article, the pilot aims to ease secondary market circulation by settling security tokens (digital securities on blockchain) with tokenized deposits (bank deposits on-chain) in Japan.
Summary
No Summary provided as the original text is short
Terms & Concepts
Security token: A digital representation of a traditional security issued and recorded on a blockchain.
Tokenized deposit: A blockchain-based token representing a claim on a bank deposit, typically issued by a regulated bank.
Secondary market: Trading of assets after initial issuance, allowing investors to buy and sell existing instruments.