Toyota Financial Services issues first blockchain-backed ST bond, totaling 1 billion yen
According to Wu Shuo, Japan's Toyota Financial Services Company announced the issuance of the group's first blockchain technology-supported security token social bond (ST bond), named "Toyota Wallet ST Bond".
The bond offers “benefits” through the “TOYOTA Wallet” app, aiming to strengthen Toyota’s ties with individual investors and boost support for Toyota Group’s businesses.
The total amount of ST bonds is 1 billion yen, with a term of one year, and is open to individual investors. The "special gift" includes a TOYOTA Wallet balance corresponding to the purchase amount, and in the future, services and information related to car life will also be provided.