According to CoinPost, Toyota Financial Services announced the issuance of the group's first blockchain security token bond (ST bond) on February 10, with a total amount of 1 billion yen and a one-year term. The project is jointly promoted by Toyota Financial, Toyota Finance, Daiwa Securities, Mitsubishi UFJ Bank, Mitsubishi UFJ Trust Bank and Progmat. The bond issue uses Progmat's digital asset management platform and is linked to Toyota's smart payment app "TOYOTA Wallet". Investors can subscribe at 100,000 yen per share. The subscription period is from February 20 to 27, and the issuance date is March 3. Depending on the subscription amount, investors can receive TOYOTAWallet balance rewards ranging from 1,000 to 10,000 yen. Daiwa Securities acted as underwriter and Mitsubishi UFJ Bank acted as bond manager.