Japan Exchange Group, Inc (JPX) and Japan Securities Depository Center, Inc (JASDEC) today announced the publication of a report on the results of their pilot test project of a Distributed Ledger Technology (DLT) information sharing platform in the field of securities post-trade.

The pilot test project, launched in April 2020, 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.

Let’s note that the list of participants in the project includes companies like: BofA Securities Japan Co., Ltd., HSBC Securities (Japan) Limited, Nomura Research Institute, Ltd., Rakuten Securities Inc. and SBI Holdings Inc.