On Thursday, Japan-based BOOSTRY launched the website of its open-source initiative,
ibet. Through ibet, the blockchain bonds firm plans to release its token templates, smart contracts, and trading code to the public.
BOOSTRY was
established in September as a joint venture between financial services firm Nomura (66%) and tech provider Nomura Research Institute (NRI) (34%). With a capital of $11 million, the initiative hoped to use blockchain to streamline securities trading, particularly
corporate bonds.
Meanwhile, ibet was first
mentioned by Nomura in last year’s financial report, only as a “new platform that links issuers with investors”. This was before BOOSTRY, the idea may have changed. Now, it is “a platform that uses blockchain technology to issue and trade various digitized rights including financial products,” according to its website.
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