Toyota Group issued its first blockchain bond, the ST Bond, with a total amount of 1 billion yen

2025-02-12 08:54:42

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According to Jinse Finance, Toyota Financial Services announced on February 10th the issuance of the first blockchain security token bond (ST bond) by the issuance group, with a total amount of 1 billion yen and a term of one year. The project is jointly promoted by Toyota Financial, Toyota Finance, Daiwa Securities, Mitsubishi UFJ Bank, Mitsubishi UFJ Trust Bank, and Progmat Company. This bond issuance adopts Progmat's digital asset management platform and is linked with Toyota's smart payment application TOYOTA Wallet. Investors can subscribe for 100,000 yen per unit, the subscription period is from February 20th to 27th, and the issuance date is March 3rd. Depending on the subscription amount, investors can receive TOYOTA Wallet balance rewards ranging from 1000 to 10000 yen. Daiwa Securities serves as the underwriter, and Mitsubishi UFJ Bank serves as the bond trustee.

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