Toyota Finance Issues ¥1 Billion Blockchain-Backed Bond with 1.72% Yield
Toyota Finance has launched its second blockchain-backed bond issuance with an annual interest rate of 1.72%. The ¥1 billion digital security token carries a one-year duration and accepts applications starting at ¥100,000 through the Toyota Wallet platform.
The direct application process eliminates traditional brokerage requirements and integrates distribution into Toyota's proprietary financial network.
In collaboration with Toyota Financial Services, SMBC Group, and Japanese blockchain firm BOOSTRY, this initiative represents a significant step towards further digitizing Toyota's financial operations.