Japan’s leading automobile company Toyota is going to take a new step in financial space. In November, Toyota will launch its first-ever Blockchain Safety Token Bond (ST Bond). The bond will be 1 billion yen (about 6.6 million dollars) in Japanese Yon (Yen). With the launch of this bond, Toyota has made its place in the world of digital investment by adopting blockchain technology. This project has been prepared in collaboration with Toyota Finance, Daiwa Securities, MUFG Depot, Mitsubishi UFJ Believe and Banking and Progmat.
A big step of Toyota towards digital finance
This initiative of Toyota not only introduces new features to investors, but also explains the company’s commitment to digital finance. Using the blockchain platform of Progmat, Toyota aims to release this bond, which will give investors an opportunity to invest more transparent and easy to invest more than the traditional financial system. This step is not just to improve investment experience, but also to provide Toyota a new way to connect with its supporters.
Please tell that similarly Reliance Jio, one of the top telecom companies of India, has recently entered the blockchane space and its digital coin Reliance JioCoin Initiation Has done In this way, large firms around the world are now understanding and adopting the use of blockchain technology.
Benefits for Toyota Pockets and Investors
Investors investing in this security token bonds will get a bonus credit for investing more than 1 million yen (about $ 6,567). This bonus credit will be inserted into Toyota Pockets, the company’s digital payment app. This initiative is an attractive offer for investors, which will not only give them the benefits of investment, but will also give a chance to get closer with Toyota’s digital ecosystem. This process of security token bonds is an attempt to provide investors a new experience towards digital finance.
Conclusion
This of Toyota Blockchain-based security token bond The initiative is not only a major financial innovation for the company, but it can also be widely a symbol of a change for the financial world. Through blockchain, Toyota has not only challenged the traditional investment system, but has also launched new opportunities for digital investment. From this step, Toyota aims to make its financial system even more transparent and easy. Also, it can prove to be an important step towards future by creating a unique bridge between mobility and investment.
