TechFlow news, according to CoinPost, Toyota Financial Services announced on February 10 the issuance of the group's first blockchain-based security token bond (ST bond), totaling 1 billion yen with a maturity of one year. The project is jointly advanced by Toyota Financial Services, Toyota Finance, Daiwa Securities, Mitsubishi UFJ Bank, Mitsubishi UFJ Trust and Banking Corporation, and Progmat.
The bond issuance utilizes Progmat's digital asset management platform and integrates with Toyota's smart payment application "TOYOTA Wallet." Investors may subscribe in units of 100,000 yen each, from February 20 to 27, with the official issuance date set for March 3. Subscribers will receive TOYOTA Wallet balance rewards ranging from 1,000 to 10,000 yen based on their subscription amount. Daiwa Securities acts as underwriter, while Mitsubishi UFJ Bank serves as bond administrator.
