Standard Capital Co., Ltd. (Head office: Shibuya-ku, Tokyo; President: Taisei Yamaguchi) pre-opened the security token exchange “ALLEX” at CEZA, Philippines on January 6.
■About security token exchange “ALLEX”
Security token exchange “ALLEX” is security token exchange established to improve the liquidity of the private equity investment market. The alternative asset market is expected to form a $ 21.1 trillion market in 2025, with private equity projected to reach $ 10.2 trillion (2020: $ 6,4 trillion).
Unlike traditional investments such as stocks and bonds, alternative investments have been dominated by institutional investors such as hedge funds because of their nature. “ALLEX” is promoting democratization using blockchain technology so that ordinary investors can participate in the alternative investment market. We provide private equity security tokenization and trading services.
We provide support services such as security token issuance / management / payment and associated services, as well as listing eligibility auditing and various services. “ALLEX” realizes security token transactions that comply with compliance, pursue risk management, and protect investors. In the future, we plan to develop and introduce exchange systems that comply with the laws and regulations of each country, and aim to foster an understanding of security tokens based on strategies rooted in the capital market issues of each country. We believe this will lead to an increase in users in the future. The “ALLEX TOKEN” STO has been implemented since January 6, and full-scale start on January 31 is planned.
■About CEZA (Cagayan Economic Zone Authority)
The CEZA (Cagayan Special Economic Zone Authority), which manages the Cagayan Special Economic Zone, is a government established on February 24, 1995 by the Republic Act Article 7922, known as the “Cagayan Special Economic Zone Act of 1995”.
The CEZA is located in the northern part of Luzon, Philippines, has the legal authority to approve applications independently without prior approval from government agencies, and issues “CEZA Offshore Virtual Currency Exchange (OVCE) Licensees”.
The Government of the Philippines has announced the DATO (Digital Asset Token Offering) Act through the Cagayan Economic Zone Authority (CEZA).
The regulation provides a regulatory authority for crypto assets in the CEZA or the Philippines and assists in enforcing the rule as the Asia Blockchain and Crypto Association (ABACA) or the Self-Regulating Authority (SRO).
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