Standard Capital Co., Ltd. (Headquarters: Shibuya-ku, Tokyo; President and CEO: Taisei Yamaguchi) has formed a business tie-up with WAYVX to cooperate in STO technology and legal development.
1. Details of the business alliance
The two companies will promote various related businesses with the aim of stabilizing the securities market issuance process and reducing related costs through security tokenization of securities and smart contracts utilizing blockchain technology.
2. Purpose of business alliance
We have partnered with WAYVX to promote the digitalization of the Chilean financial market. Standard Capital will support the development of the Chilean financial market by introducing a security token trading system.
3. Future development
In Chile, the Santiago Stock Exchange and others launched a blockchain consortium in August 2019 and are developing a “business blockchain network.”They are taking a proactive approach to streamlining financial markets.We look forward to the future development of the Chilean financial market.We aim to develop businesses that accurately capture market trends, such as supporting business construction and responding to future laws and regulations.
【Overview of WAYVX】
WAYVX is developing a security token business aimed at improving the efficiency of the financial markets in Chile and Latin America. They will contribute to the development of financial markets and local communities by promoting the financing of startups through the spread of STOs.
URL : https://wayvx.com/
【Overview of Standard Capital】
We are developing an STO (Security Token Offering) business to improve the liquidity of the funding market.We plan to open the security token exchange “ALLEX” at CEZA（Philippine Special Economic Zone） in January 2020.We are also working on the development of the real estate retail trading platform “J-FTA”.
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
■ Inquiries about this matter (news release) ■
Public Relations Department, Standard Capital Co., Ltd.
Phone: 03-6805-1517 E-mail address: firstname.lastname@example.org