Japan Exchange Blockchain Consortium Grows to 26 Members

More than 25 companies and organizations are taking part in a blockchain proof-of-concept spearheaded by the Japan Exchange Group (JPX).

AccessTimeIconMar 21, 2017 at 3:20 p.m. UTC
Updated Sep 11, 2021 at 1:10 p.m. UTC

Twenty-six companies and organizations are taking part in a blockchain consortium spearheaded by the Japan Exchange Group (JPX).

The capital markets infrastructure-focused project was announced last November, with the Tokyo Stock Exchange and the Osaka Exchange, in conjunction with the Japan Securities Clearing Corporation, forming the initial members of the group. On 17th March, a slate of new members was revealed, including Mizuho Bank, Daiwa Securities Group, Merrill Lynch Japan Securities and Nomura Holdings, among others.

The project has attracted the participation of several key regulators, including Japans's central bank and the Financial Service Agency (FSA), the country's top markets watchdog. The Japan Securities Dealers Association, an industry self-regulatory organization (SRO), is also taking part.

According to JPX, additional resources are being brought online this month, and that starting in April, software testing amongst the consortium's stakeholders will begin.

The firm said in its announcement:

"We will be launching a community website for registered participants in March. Furthermore, in terms of the actual testing environment, we plan to release the first user application for this series in April."

JPX has said in the past that it seeks to explore the distributed ledger technology (DLT) ecosystem for potential applications. Last February, the group announced that it was working with IBM to further experiment with the tech.

That the consortium would grow is perhaps unsurprising, as JPX signaled its intention to expand membership in the months after launch.

“We will seek participation from a wide range of Japanese financial institutions in order to gather broad industrial expertise," the firm said at the time.

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Trending

1
CoinDesk - Unknown
Hard Times in Crypto: the Unintended Consequences of Going Public

The third and final reflection on a series of risks we’re thinking about during these crypto down days.

CoinDesk - Unknown
2
CoinDesk - Unknown
After Bitcoin Maximalism

A Twitter debate sparks much reflection.

CoinDesk - Unknown
3
CoinDesk - Unknown
Three Arrows Paper Trail Leads to Trading Desk Obscured Via Offshore Entities

As Three Arrows Capital collapsed under market pressure, its much-lesser known trading desk, TPS Capital, remained active, sources say. But a complex ownership structure might frustrate creditors' efforts to collect.

CoinDesk - Unknown
4
CoinDesk - Unknown
June Was Bitcoin’s Worst Month Ever

Plus, European crypto regulation comes into view.

CoinDesk - Unknown