Japan is one of the most active jurisdictions for tokenization and digital securities. Today the Tokyo Metropolitan Government announced a subsidy for security token issuances.
We expected the subsidy to be small, but it’s pretty significant. The government will cover half the costs or two thirds for startups, with an upper limit of five million yen ($31,785). That amount can be even higher for certain use cases that address social issues or provide new investment experiences for individuals through digital technology. The costs covered include platform fees, consultancy and system development costs.
Tokyo acknowledged two major benefits of security tokens – lower denominations for issuances and the removal of intermediaries.
Article continues …
Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.
