JPX to conduct test of DLT platform for securities post-trade information

Maria Nikolova

An information sharing platform using DLT would enable companies to check the latest definitive status of a trade at any time, possibly solving various problems in the post-trade field.

Japan Exchange Group, Inc (JPX) and Japan Securities Depository Center, Inc today announce they will launch pilot testing of a Distributed Ledger Technology (DLT) information sharing platform for securities post-trade information.

The test will run from April to October 2020, under JPX’s “Proof of Concept Testing for Utilization of Blockchain/DLT in Capital Market Infrastructure” program. NEC Corporation will be the IT support vendor.

JPX explains that “securities post-trade” refers to all processes which occur after a securities transaction is executed. Because most of these processes are conducted mutually, it has been pointed out that mismatches in understanding between counterparties about data and workflows can lower efficiency. An information sharing platform using DLT is poised to enable companies to check the latest definitive status of a trade at any time, possibly solving various problems in the post-trade field that companies struggle to solve alone.

For this pilot test, JPX will invite a wide range of industry participants, including securities companies, asset management companies, trust banks, and service providers to participate in using it. Through verification of the results of these use cases, as well as testing operation of the infrastructure, JPX will confirm the feasibility and usefulness of the DLT platform for real-world operations.

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