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Japan Exchange Group, Inc. (hereinafter "JPX") and Japan Securities Depository Center, Inc. (hereinafter "JASDEC") announced today the issuance of the report on the results of their pilot test project of a DLT information sharing platform in the field of securities post-trade launched in April 2020.
The pilot test project, which aimed to eliminate inefficiencies in securities post-trade through the construction of an information sharing platform, focused on identifying challenges facing the industry and investigating how they may be resolved in the future. To this end, the project picked up three use cases and, with 24 participating companies, constructed a test environment under which some of the functions integral to the resolution of the challenges could be verified under virtual conditions similar to actual use.
As a result of these pilot test activities, some of the challenges related to post-trade system inefficiency currently faced by securities market participants were clarified and a concrete image of how they could be resolved was formulated.
A roadmap for realizing the future vision clarified in this project will be further explored, and JPX and JASDEC will continue to contribute to the resolution of industry-wide challenges, drawing on the outcomes obtained to date.
JPX and JASDEC invite any company who is interested in participating in this verification project to contact them.
For use cases that were not selected, anyone may still bring one's own program, etc. for testing during the period of the verification project. (Adjustments may be made regarding the timing and scale of the test.)
| Report on Pilot Test of DLT Information Sharing Platform in the Field of Securities Post-Trade |  |
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Project Outline
| Project Outline | Pilot Test of DLT Information Sharing Platform in the Field of Securities Post-Trade (Project Name: B-POST) |
| Project Owner | Japan Exchange Group, Inc.; Japan Securities Depository Center, Inc. |
| IT Support Vendor | NEC Corporation |
| Test Period | April to October |
| Participants | Total of 24 financial institutions, vendors, etc. |
(*2) Participants (in alphabetical order)
BofA Securities Japan Co., Ltd.
Broadbridge (Japan) Limited
Daiwa Asset Management Co. Ltd.
Daiwa Institute of Research Business Innovation Ltd.
DTCC Japan K.K.
HSBC Securities (Japan) Limited
Japan Securities Finance Co., Ltd.
Mizuho Securities Co., Ltd.
MUFG Bank, Ltd.
Nomura Asset Management Co., Ltd.
Nomura Research Institute, Ltd.
Nomura Securities Co., Ltd.
OGIS-RI Co., Ltd.
Rakuten Securities Inc.
SBI Holdings Inc.
SBI Securities Co., Ltd.
Simplex Inc.
SMBC Nikko Securities Inc.
Sumitomo Mitsui DS Asset Management Company, Limited
The Master Trust Bank of Japan, Ltd.
XNET Corporation
And others, 24 companies in total
Contact
Japan Exchange Group, Inc. FinTech Laboratory, Corporate Strategy
TEL:(Tokyo)+81-3-3666-1361
E-mail:jpx-fintech@jpx.co.jp
Japan Securities Depository Center, Inc. Corporate Strategy Department
E-mail:souki@jasdec.com
NEC Corporation 4th Solutions Department, 2nd Financial Solutions Division
E-mail:necblockchain@2fs.jp.nec.com