PANews reported on February 12 that according to CoinPost, Toyota Financial Services announced on February 10 that it would issue the group's first blockchain-based security token bond (ST bond), called "Toyota Wallet ST Bond". The issuance was jointly promoted by Toyota Financial, Toyota Finance, Daiwa Securities, Mitsubishi UFJ Bank, Mitsubishi UFJ Trust Bank and Progmat.

The ST bond uses blockchain technology to strengthen the connection between Toyota Group and individual investors, and provides exclusive benefits through Toyota's smart payment application "TOYOTA Wallet" to enhance users' recognition of Toyota's business. The bond issuance will use Progmat's digital asset management platform to achieve real-time tracking of investor information and precise services.