JPX Reports on Test of DLT Platform for Securities Post-trade Information Sharing

Japan Exchange Group, Inc. ("JPX") and Japan Securities Depository Center, Inc. ("JASDEC") issued today 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.

Aiming to eliminate inefficiencies in securities post-trade through the construction of an information sharing platform, the pilot test project 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.

JPX and JASDEC also said that they will urther explore a roadmap for realizing the future vision clarified in this project and continue to contribute to the resolution of industry-wide challenges, drawing on the outcomes obtained to date.