Japan Exchange Group reports back on post-trade blockchain trials

Source: JPX

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.)

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