Retail traders can apply to purchase the 1 billion yen bond and not using a securities account and obtain perks via Toyota’s fee app.
Toyota’s finance arm is launching a tokenized bond that retail traders should buy instantly via the Japanese carmaker’s cellular fee app, Toyota Pockets.
Toyota Finance stated Tuesday that functions have opened for the one-year bond, with investments beginning at 100,000 Japanese yen ($676). The brand new bond shall be distributed instantly by Toyota Finance, permitting traders to purchase it with out opening a securities account.
The 1 billion yen bond carries a 1.72% annual rate of interest and shall be managed on blockchain infrastructure offered by Japanese security-token agency BOOSTRY.
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