Digital development is in focus as JPX – operator of the Tokyo Stock Exchange – puts up its new “JPX Market Innovation & Research” subsidiary.

The news has been picked up by news site Ledger Insights, whose article cuts to the chase in summing up the original JPX announcement. Ledger Insights has previously observed how JPX has conducted blockchain pilot studies in its post-trade activities, featuring a high-profile lineup of 19 firms.

“The operator of the Tokyo Stock Exchange will focus on data and index services but will also include blockchain and distributed ledger technology. The business will commence in April 2022. However, the initial capital allocated to the subsidiary is just Yen 100 million (less than $1m),” writes Ledger Insights.