Softbank joins Japan Security Token Association

  • JSTA defined the security tokens as a right to display electronic record transfer securities
  • Others who joined as a regular member with JSTA in March 2008 are Tokai Tokyo Financial Holding Co.,Ltd. and Itochu Technosolutions Co. Ltd.
  • For fair and free economic activities, JSTA is working to secure the future of all, working to promote the opportunities

Telecommunications company Softbanks has joined JSTA as a support member. There are in total 10 regular members and 30 supporting members in JSTA.

Softbanks, one of the major telecommunications company has joined as a supporting member of the Japan Security Token Association (JSTA). Established to promote the sound use of the security tokens.

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JSTA defined the security tokens as a right to display electronic record transfer securities etc. under the Japanese Financial Instruments and Exchange Act Amendment Law.

Others who joined as a regular member with JSTA in March 2008 are Tokai Tokyo Financial Holding Co.,Ltd. and Itochu Technosolutions Co. Ltd. Another company Tezos Japan also joined as a regular member in April 2008.

There are 10 regular members and 30 supporting members. But what’s security token? They are a digital token issued on a blockchain network that has the backing of securities and other assets and values. With the help of the characteristics of blockchain, security token is able to transfer rights to backing assets borderlessley and securely.

To improve the quality of Security Tokens Japan Security Token Association does lots of research, dissemination and enlightenment activities. This is done for security token technology, systems and business and to ensure the soundness of the ecosystem using security tokens.

For fair and free economic activities, JSTA is working to secure the future of all, working to promote the opportunities. The effort will bring stability to the life of the people and improve their lives by revitalizing them. This will also help in contributing to the sound development of the Japanese economy.

Softbank is a major telecommunication company under the roof of SoftBank Group Corp. and the company has taken a big leap while joining JSTA. JSTA’s corporate community members have grown to 10 regular members and 30 supporting members. JSTA is eagerly expanding its community and will continue to do so. They will also contribute to the creation of businesses using security tokens in Japan and other countries.

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Andrew Smithhttp://thecoinrepublic.com
Andrew is a blockchain developer from his education and developed his interest in the cryptocurrencies while his post-graduation. He is a keen observer of details and shares his passion for writing along with being a developer.

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