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Toyota Finance, part of Japan’s Toyota Group, said it issued the corporate bond token “TOYOTA Wallet Tsumugu Bond” on Oct. 27. It is the Toyota Group’s first public security token offering in which the company solicited investors directly without outsourcing sales to a securities firm.
Subscriptions were made through a dedicated page linked to the TOYOTA Wallet app without a separate securities account. The amount applied for exceeded the planned issuance by more than 10 times, and actual buyers were selected by lottery.