Standard Capital Co.,Ltd. has signed a business agreement with Rare Earth Asia Technologies (hereinafter referred to as “REAT”) to establish a joint firm to operate the security token exchange.
The joint firm will be owned by Standard Capital at 40% and 60% by REAT.
Through this joint venture, we will provide security token offering (STO) solutions and explore various business synergies by jointly launching and co-operating security token exchange with REAT.
Standard Capital will also provide its JP20 protocol.
The joint firm is expected to be established in the Cagayan Special Economic Zone (CEZ) in the Philippines.
Background of joint firm establishment
We aim to establish the security token market in Japan and Asia. As we work to expand our business overseas, we recognize CEZ as one of our top priority areas.
The Cagayan Special Economic Zone Agency (CEZA) is a Philippines government agency that supports blockchain and FinTech companies, and there are strict regulations and licensing systems to promote investor protection.
On the other hand, with open market policy and free trade policy, CEZ is expected to develop rapidly as a blockchain hub in Asia.
Through the business alliance with REAT, Standard Capital Co.,Ltd. aims to improve our presence in the security token market in Japan and Asia and to further expand our business.
Joint firm infomation
Company Name : To be decided
Head office location : Philippines Cagayan
Establish in : 2019 (Plan)
Main business contents : Providing STO solution Operation of security token exchange
Investment structure : Rare Earth Technologies 60% Standard Capital 40%
Representative : To be decided
Standard Capital infomation
Company Name : Standard Capital Co.,Ltd.
Representative : Ryotaro Heian
Office location : 6-12-18, Jingumae, Shibuya-ku, Tokyo 150-0001
HP : https://standardcapital.co.jp
Rare Earth Asia Technologies infomation
Company Name : Rare Earth Asia Technologies
Representative : Franco Varona
Office location : Level 30, No. 312 4th Avenue corner 30th Avenue Street Bonifacio Global City, Taguig, Metro Manila
HP : www.rareearthasia.com