Standard Capital Co., Ltd. (head office: Shibuya-ku, Tokyo, President: Taisei Yamaguchi), which operates venture capital and STO businesses, has signed an MOU with Huobi Indonesia to provide security token services in the Indonesian market. It was.
1. Details of MOU
Standard Capital Co., Ltd. and Huobi Indonesia have signed an MOU to provide security token services in the Indonesian market. The two companies will work closely together to provide technology to facilitate each other’s project support. In addition, we promised to make efforts to build new services that comply with the law in order to promote the development of various related businesses related to safe and secure security tokens in the Indonesian market.
2. Purpose of MOU
We will provide the infrastructure of security token exchanges around the world, which is the purpose of our founding, by building relationships of trust and cooperation for discussions beneficial to both parties with Huobi Indonesia, and will be a bridge Enable business construction.This time, we have concluded a MOU.
Standard Capital and Huobi Indonesia are also considering the introduction of a security token platform equipped with the latest technology, and aiming to build an efficient service through the cooperation of both parties.
3. Future development
Standard Capital aims to stabilize the securities market issuance process and reduce related costs by using security tokens and smart contracts for securities using blockchain. We will support financial digitization in each country by introducing a security token transaction system that reduces costs.
In addition, we will provide comprehensive support that accurately captures market trends, including not only system introduction, but also support for business construction, and compliance with future laws and regulations.
【Outline of Huobi Indonesia】
The Indonesian branch of Huobi, a virtual currency exchange boasting world-class trading volume.
“Huobi” is said to be one of the three largest exchanges in China and is known as an exchange with a very large number of users.
We issue “HuobiToken” which is purchased by many users who use the virtual currency exchange.
【Outline of Standard Capital】
Developed STO (Security Token Offering) business to improve liquidity in the funding market. Security token exchange “ALLEX” is scheduled to be opened in January 2020 at real estate retail trading platform “J-FTA” and Philippine special economic zone CEZA (Cagayan Economic Zone Authority).
Name of representative: Taisei Yamaguchi
Location: Shibuya Ibis Building 203, 2-17-3 Shibuya, Shibuya-ku, Tokyo 150-0002
Established: November 2018
Capital: 343.9 million yen