{"id":75640,"date":"2024-11-01T14:07:18","date_gmt":"2024-11-01T05:07:18","guid":{"rendered":"https:\/\/monolith.law\/el\/?p=75640"},"modified":"2024-11-13T19:29:23","modified_gmt":"2024-11-13T10:29:23","slug":"digital-securities","status":"publish","type":"post","link":"https:\/\/monolith.law\/el\/it\/digital-securities","title":{"rendered":"\u3010Reiwa 6 (2024) \u0391\u03cd\u03b3\u03bf\u03c5\u03c3\u03c4\u03bf\u03c2\u3011\u03a7\u03b1\u03bb\u03ac\u03c1\u03c9\u03c3\u03b7 \u03c4\u03c9\u03bd \u039a\u03b1\u03bd\u03bf\u03bd\u03b9\u03c3\u03bc\u03ce\u03bd \u03b3\u03b9\u03b1 \u03c4\u03b1 \u03a8\u03b7\u03c6\u03b9\u03b1\u03ba\u03ac \u03a4\u03af\u03c4\u03bb\u03bf\u03c5\u03c2 (Security Tokens) - \u0391\u03bd\u03ac\u03bb\u03c5\u03c3\u03b7 \u03c4\u03bf\u03c5 \u03a0\u03b5\u03c1\u03b9\u03b5\u03c7\u03bf\u03bc\u03ad\u03bd\u03bf\u03c5 \u03ba\u03b1\u03b9 \u03c4\u03c9\u03bd \u0395\u03c0\u03b9\u03c0\u03c4\u03ce\u03c3\u03b5\u03c9\u03bd"},"content":{"rendered":"\n<p>\u0391\u03bd\u03b1\u03ba\u03bf\u03b9\u03bd\u03ce\u03b8\u03b7\u03ba\u03b5 \u03b1\u03c0\u03cc \u03c4\u03b7\u03bd \u0399\u03b1\u03c0\u03c9\u03bd\u03b9\u03ba\u03ae \u0395\u03c0\u03b9\u03c4\u03c1\u03bf\u03c0\u03ae \u03a7\u03c1\u03b7\u03bc\u03b1\u03c4\u03bf\u03bf\u03b9\u03ba\u03bf\u03bd\u03bf\u03bc\u03b9\u03ba\u03ce\u03bd (Financial Services Agency) \u03cc\u03c4\u03b9 \u03c4\u03bf\u03bd \u0391\u03cd\u03b3\u03bf\u03c5\u03c3\u03c4\u03bf \u03c4\u03bf\u03c5 \u03ad\u03c4\u03bf\u03c5\u03c2 Reiwa 6 (2024), \u03bf\u03b9 \u03ba\u03b1\u03bd\u03bf\u03bd\u03b9\u03c3\u03bc\u03bf\u03af \u03c0\u03bf\u03c5 \u03b4\u03b9\u03ad\u03c0\u03bf\u03c5\u03bd \u03c4\u03b1 \u03c8\u03b7\u03c6\u03b9\u03b1\u03ba\u03ac \u03b1\u03be\u03b9\u03cc\u03b3\u03c1\u03b1\u03c6\u03b1 (Security Tokens, \u03c0\u03b1\u03c1\u03b1\u03ba\u03ac\u03c4\u03c9 ST) \u03b8\u03b1 \u03c7\u03b1\u03bb\u03b1\u03c1\u03ce\u03c3\u03bf\u03c5\u03bd. \u03a3\u03ba\u03bf\u03c0\u03cc\u03c2 \u03b1\u03c5\u03c4\u03ae\u03c2 \u03c4\u03b7\u03c2 \u03c1\u03c5\u03b8\u03bc\u03b9\u03c3\u03c4\u03b9\u03ba\u03ae\u03c2 \u03c7\u03b1\u03bb\u03ac\u03c1\u03c9\u03c3\u03b7\u03c2 \u03b5\u03af\u03bd\u03b1\u03b9 \u03bd\u03b1 \u03c0\u03c1\u03bf\u03c9\u03b8\u03b7\u03b8\u03b5\u03af \u03b7 \u03b5\u03be\u03ac\u03c0\u03bb\u03c9\u03c3\u03b7 \u03c4\u03c9\u03bd \u03b5\u03b3\u03c7\u03ce\u03c1\u03b9\u03c9\u03bd \u03c8\u03b7\u03c6\u03b9\u03b1\u03ba\u03ce\u03bd \u03b1\u03be\u03b9\u03cc\u03b3\u03c1\u03b1\u03c6\u03c9\u03bd. \u039c\u03b5 \u03c4\u03bf\u03bd \u03b5\u03c4\u03ae\u03c3\u03b9\u03bf \u03c3\u03c5\u03bd\u03bf\u03bb\u03b9\u03ba\u03cc \u03cc\u03b3\u03ba\u03bf \u03b5\u03ba\u03b4\u03cc\u03c3\u03b5\u03c9\u03bd \u03c3\u03c4\u03b7\u03bd \u0399\u03b1\u03c0\u03c9\u03bd\u03af\u03b1 \u03bd\u03b1 \u03c6\u03c4\u03ac\u03bd\u03b5\u03b9 \u03c4\u03b1 100 \u03b4\u03b9\u03c3\u03b5\u03ba\u03b1\u03c4\u03bf\u03bc\u03bc\u03cd\u03c1\u03b9\u03b1 \u03b3\u03b9\u03b5\u03bd \u03c4\u03bf 2023, \u03b7 \u03b2\u03b9\u03bf\u03bc\u03b7\u03c7\u03b1\u03bd\u03af\u03b1 \u03c4\u03c9\u03bd \u03c8\u03b7\u03c6\u03b9\u03b1\u03ba\u03ce\u03bd \u03b1\u03be\u03b9\u03cc\u03b3\u03c1\u03b1\u03c6\u03c9\u03bd \u03c0\u03c1\u03bf\u03c3\u03b5\u03bb\u03ba\u03cd\u03b5\u03b9 \u03c3\u03b7\u03bc\u03b1\u03bd\u03c4\u03b9\u03ba\u03ae \u03c0\u03c1\u03bf\u03c3\u03bf\u03c7\u03ae. \u03a0\u03bf\u03b9\u03bf \u03b8\u03b1 \u03b5\u03af\u03bd\u03b1\u03b9 \u03bb\u03bf\u03b9\u03c0\u03cc\u03bd \u03c4\u03bf \u03b1\u03bd\u03c4\u03af\u03ba\u03c4\u03c5\u03c0\u03bf \u03b1\u03c5\u03c4\u03ae\u03c2 \u03c4\u03b7\u03c2 \u03c1\u03c5\u03b8\u03bc\u03b9\u03c3\u03c4\u03b9\u03ba\u03ae\u03c2 \u03c7\u03b1\u03bb\u03ac\u03c1\u03c9\u03c3\u03b7\u03c2 \u03b1\u03c0\u03cc \u03c4\u03b7\u03bd \u0399\u03b1\u03c0\u03c9\u03bd\u03b9\u03ba\u03ae \u0395\u03c0\u03b9\u03c4\u03c1\u03bf\u03c0\u03ae \u03a7\u03c1\u03b7\u03bc\u03b1\u03c4\u03bf\u03bf\u03b9\u03ba\u03bf\u03bd\u03bf\u03bc\u03b9\u03ba\u03ce\u03bd \u03c3\u03c4\u03b7\u03bd \u03b1\u03b3\u03bf\u03c1\u03ac;<\/p>\n\n\n\n<p>\u03a3\u03b5 \u03b1\u03c5\u03c4\u03cc \u03c4\u03bf \u03ac\u03c1\u03b8\u03c1\u03bf, \u03b8\u03b1 \u03b5\u03be\u03b7\u03b3\u03ae\u03c3\u03bf\u03c5\u03bc\u03b5 \u03c4\u03b9 \u03b1\u03ba\u03c1\u03b9\u03b2\u03ce\u03c2 \u03b5\u03af\u03bd\u03b1\u03b9 \u03c4\u03b1 &#8220;\u03c8\u03b7\u03c6\u03b9\u03b1\u03ba\u03ac \u03b1\u03be\u03b9\u03cc\u03b3\u03c1\u03b1\u03c6\u03b1&#8221; \u03ba\u03b1\u03b9 \u03b8\u03b1 \u03b1\u03bd\u03b1\u03bb\u03cd\u03c3\u03bf\u03c5\u03bc\u03b5 \u03c4\u03bf \u03c0\u03b5\u03c1\u03b9\u03b5\u03c7\u03cc\u03bc\u03b5\u03bd\u03bf \u03ba\u03b1\u03b9 \u03c4\u03b9\u03c2 \u03b5\u03c0\u03b9\u03c0\u03c4\u03ce\u03c3\u03b5\u03b9\u03c2 \u03c4\u03b7\u03c2 \u03c0\u03c1\u03cc\u03c3\u03c6\u03b1\u03c4\u03b7\u03c2 \u03c1\u03c5\u03b8\u03bc\u03b9\u03c3\u03c4\u03b9\u03ba\u03ae\u03c2 \u03c7\u03b1\u03bb\u03ac\u03c1\u03c9\u03c3\u03b7\u03c2.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_53 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<span class=\"ez-toc-title-toggle\"><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/monolith.law\/el\/it\/digital-securities\/#%CE%A4%CE%B9_%CE%B5%CE%AF%CE%BD%CE%B1%CE%B9_%CF%84%CE%B1_%CE%A8%CE%B7%CF%86%CE%B9%CE%B1%CE%BA%CE%AC_%CE%9A%CE%B9%CE%BD%CE%B7%CF%84%CE%AC_%CE%91%CE%BE%CE%AF%CE%B1%CF%82\" title=\"\u03a4\u03b9 \u03b5\u03af\u03bd\u03b1\u03b9 \u03c4\u03b1 \u03a8\u03b7\u03c6\u03b9\u03b1\u03ba\u03ac \u039a\u03b9\u03bd\u03b7\u03c4\u03ac \u0391\u03be\u03af\u03b1\u03c2;\">\u03a4\u03b9 \u03b5\u03af\u03bd\u03b1\u03b9 \u03c4\u03b1 \u03a8\u03b7\u03c6\u03b9\u03b1\u03ba\u03ac \u039a\u03b9\u03bd\u03b7\u03c4\u03ac \u0391\u03be\u03af\u03b1\u03c2;<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/monolith.law\/el\/it\/digital-securities\/#%CE%95%CE%B9%CF%83%CE%B1%CE%B3%CF%89%CE%B3%CE%AE_%CF%83%CF%84%CE%B1_%CE%A8%CE%B7%CF%86%CE%B9%CE%B1%CE%BA%CE%AC_%CE%9A%CE%B9%CE%BD%CE%B7%CF%84%CE%AC_%CE%91%CE%BE%CE%AF%CE%B1%CF%82_Security_Tokens_ST\" title=\"\u0395\u03b9\u03c3\u03b1\u03b3\u03c9\u03b3\u03ae \u03c3\u03c4\u03b1 \u03a8\u03b7\u03c6\u03b9\u03b1\u03ba\u03ac \u039a\u03b9\u03bd\u03b7\u03c4\u03ac \u0391\u03be\u03af\u03b1\u03c2 (Security Tokens, ST)\">\u0395\u03b9\u03c3\u03b1\u03b3\u03c9\u03b3\u03ae \u03c3\u03c4\u03b1 \u03a8\u03b7\u03c6\u03b9\u03b1\u03ba\u03ac \u039a\u03b9\u03bd\u03b7\u03c4\u03ac \u0391\u03be\u03af\u03b1\u03c2 (Security Tokens, ST)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/monolith.law\/el\/it\/digital-securities\/#%CE%A0%CE%BF%CE%B9%CE%B5%CF%82_%CE%B5%CE%AF%CE%BD%CE%B1%CE%B9_%CE%BF%CE%B9_%CE%B4%CE%B9%CE%B1%CF%86%CE%BF%CF%81%CE%AD%CF%82_%CE%BC%CE%B5%CF%84%CE%B1%CE%BE%CF%8D_%CF%84%CF%89%CE%BD_%CF%88%CE%B7%CF%86%CE%B9%CE%B1%CE%BA%CF%8E%CE%BD_%CE%BA%CE%B1%CE%B9_%CF%84%CF%89%CE%BD_%CF%80%CE%B1%CF%81%CE%B1%CE%B4%CE%BF%CF%83%CE%B9%CE%B1%CE%BA%CF%8E%CE%BD_%CF%84%CE%AF%CF%84%CE%BB%CF%89%CE%BD\" title=\"\u03a0\u03bf\u03b9\u03b5\u03c2 \u03b5\u03af\u03bd\u03b1\u03b9 \u03bf\u03b9 \u03b4\u03b9\u03b1\u03c6\u03bf\u03c1\u03ad\u03c2 \u03bc\u03b5\u03c4\u03b1\u03be\u03cd \u03c4\u03c9\u03bd \u03c8\u03b7\u03c6\u03b9\u03b1\u03ba\u03ce\u03bd \u03ba\u03b1\u03b9 \u03c4\u03c9\u03bd \u03c0\u03b1\u03c1\u03b1\u03b4\u03bf\u03c3\u03b9\u03b1\u03ba\u03ce\u03bd \u03c4\u03af\u03c4\u03bb\u03c9\u03bd;\">\u03a0\u03bf\u03b9\u03b5\u03c2 \u03b5\u03af\u03bd\u03b1\u03b9 \u03bf\u03b9 \u03b4\u03b9\u03b1\u03c6\u03bf\u03c1\u03ad\u03c2 \u03bc\u03b5\u03c4\u03b1\u03be\u03cd \u03c4\u03c9\u03bd \u03c8\u03b7\u03c6\u03b9\u03b1\u03ba\u03ce\u03bd \u03ba\u03b1\u03b9 \u03c4\u03c9\u03bd \u03c0\u03b1\u03c1\u03b1\u03b4\u03bf\u03c3\u03b9\u03b1\u03ba\u03ce\u03bd \u03c4\u03af\u03c4\u03bb\u03c9\u03bd;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/monolith.law\/el\/it\/digital-securities\/#%CE%A7%CE%B1%CF%81%CE%B1%CE%BA%CF%84%CE%B7%CF%81%CE%B9%CF%83%CF%84%CE%B9%CE%BA%CE%AC_%CF%84%CF%89%CE%BD_%CE%A8%CE%B7%CF%86%CE%B9%CE%B1%CE%BA%CF%8E%CE%BD_%CE%A4%CE%AF%CF%84%CE%BB%CF%89%CE%BD\" title=\"\u03a7\u03b1\u03c1\u03b1\u03ba\u03c4\u03b7\u03c1\u03b9\u03c3\u03c4\u03b9\u03ba\u03ac \u03c4\u03c9\u03bd \u03a8\u03b7\u03c6\u03b9\u03b1\u03ba\u03ce\u03bd \u03a4\u03af\u03c4\u03bb\u03c9\u03bd\">\u03a7\u03b1\u03c1\u03b1\u03ba\u03c4\u03b7\u03c1\u03b9\u03c3\u03c4\u03b9\u03ba\u03ac \u03c4\u03c9\u03bd \u03a8\u03b7\u03c6\u03b9\u03b1\u03ba\u03ce\u03bd \u03a4\u03af\u03c4\u03bb\u03c9\u03bd<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/monolith.law\/el\/it\/digital-securities\/#%CE%97_%CE%A4%CF%81%CE%AD%CF%87%CE%BF%CF%85%CF%83%CE%B1_%CE%9A%CE%B1%CF%84%CE%AC%CF%83%CF%84%CE%B1%CF%83%CE%B7_%CE%BA%CE%B1%CE%B9_%CE%A5%CF%80%CF%8C%CE%B2%CE%B1%CE%B8%CF%81%CE%BF_%CF%84%CE%B7%CF%82_%CE%A1%CF%8D%CE%B8%CE%BC%CE%B9%CF%83%CE%B7%CF%82_%CF%84%CF%89%CE%BD_%CE%A8%CE%B7%CF%86%CE%B9%CE%B1%CE%BA%CF%8E%CE%BD_%CE%91%CE%BE%CE%B9%CF%8E%CE%BD_%CF%83%CF%84%CE%B7%CE%BD_%CE%99%CE%B1%CF%80%CF%89%CE%BD%CE%AF%CE%B1\" title=\"\u0397 \u03a4\u03c1\u03ad\u03c7\u03bf\u03c5\u03c3\u03b1 \u039a\u03b1\u03c4\u03ac\u03c3\u03c4\u03b1\u03c3\u03b7 \u03ba\u03b1\u03b9 \u03a5\u03c0\u03cc\u03b2\u03b1\u03b8\u03c1\u03bf \u03c4\u03b7\u03c2 \u03a1\u03cd\u03b8\u03bc\u03b9\u03c3\u03b7\u03c2 \u03c4\u03c9\u03bd \u03a8\u03b7\u03c6\u03b9\u03b1\u03ba\u03ce\u03bd \u0391\u03be\u03b9\u03ce\u03bd \u03c3\u03c4\u03b7\u03bd \u0399\u03b1\u03c0\u03c9\u03bd\u03af\u03b1\">\u0397 \u03a4\u03c1\u03ad\u03c7\u03bf\u03c5\u03c3\u03b1 \u039a\u03b1\u03c4\u03ac\u03c3\u03c4\u03b1\u03c3\u03b7 \u03ba\u03b1\u03b9 \u03a5\u03c0\u03cc\u03b2\u03b1\u03b8\u03c1\u03bf \u03c4\u03b7\u03c2 \u03a1\u03cd\u03b8\u03bc\u03b9\u03c3\u03b7\u03c2 \u03c4\u03c9\u03bd \u03a8\u03b7\u03c6\u03b9\u03b1\u03ba\u03ce\u03bd \u0391\u03be\u03b9\u03ce\u03bd \u03c3\u03c4\u03b7\u03bd \u0399\u03b1\u03c0\u03c9\u03bd\u03af\u03b1<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/monolith.law\/el\/it\/digital-securities\/#%CE%A1%CF%85%CE%B8%CE%BC%CE%AF%CF%83%CE%B5%CE%B9%CF%82_%CE%A3%CF%85%CE%BC%CF%80%CE%B5%CF%81%CE%B9%CF%86%CE%BF%CF%81%CE%AC%CF%82_%CF%83%CE%B5_%CE%A3%CF%87%CE%AD%CF%83%CE%B7_%CE%BC%CE%B5_%CF%84%CE%B7%CE%BD_%CE%A0%CF%8E%CE%BB%CE%B7%CF%83%CE%B7_%CE%BA%CE%B1%CE%B9_%CE%A0%CF%81%CE%BF%CF%8E%CE%B8%CE%B7%CF%83%CE%B7_%CF%84%CF%89%CE%BD_%CE%A8%CE%B7%CF%86%CE%B9%CE%B1%CE%BA%CF%8E%CE%BD_%CE%91%CE%BE%CE%B9%CF%8E%CE%BD\" title=\"\u03a1\u03c5\u03b8\u03bc\u03af\u03c3\u03b5\u03b9\u03c2 \u03a3\u03c5\u03bc\u03c0\u03b5\u03c1\u03b9\u03c6\u03bf\u03c1\u03ac\u03c2 \u03c3\u03b5 \u03a3\u03c7\u03ad\u03c3\u03b7 \u03bc\u03b5 \u03c4\u03b7\u03bd \u03a0\u03ce\u03bb\u03b7\u03c3\u03b7 \u03ba\u03b1\u03b9 \u03a0\u03c1\u03bf\u03ce\u03b8\u03b7\u03c3\u03b7 \u03c4\u03c9\u03bd \u03a8\u03b7\u03c6\u03b9\u03b1\u03ba\u03ce\u03bd \u0391\u03be\u03b9\u03ce\u03bd\">\u03a1\u03c5\u03b8\u03bc\u03af\u03c3\u03b5\u03b9\u03c2 \u03a3\u03c5\u03bc\u03c0\u03b5\u03c1\u03b9\u03c6\u03bf\u03c1\u03ac\u03c2 \u03c3\u03b5 \u03a3\u03c7\u03ad\u03c3\u03b7 \u03bc\u03b5 \u03c4\u03b7\u03bd \u03a0\u03ce\u03bb\u03b7\u03c3\u03b7 \u03ba\u03b1\u03b9 \u03a0\u03c1\u03bf\u03ce\u03b8\u03b7\u03c3\u03b7 \u03c4\u03c9\u03bd \u03a8\u03b7\u03c6\u03b9\u03b1\u03ba\u03ce\u03bd \u0391\u03be\u03b9\u03ce\u03bd<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/monolith.law\/el\/it\/digital-securities\/#%CE%91%CF%85%CF%83%CF%84%CE%B7%CF%81%CE%AE_%CE%94%CE%B9%CE%B1%CF%87%CE%B5%CE%AF%CF%81%CE%B9%CF%83%CE%B7_%CF%84%CF%89%CE%BD_%CE%A8%CE%B7%CF%86%CE%B9%CE%B1%CE%BA%CF%8E%CE%BD_%CE%91%CE%BE%CE%B9%CF%8E%CE%BD\" title=\"\u0391\u03c5\u03c3\u03c4\u03b7\u03c1\u03ae \u0394\u03b9\u03b1\u03c7\u03b5\u03af\u03c1\u03b9\u03c3\u03b7 \u03c4\u03c9\u03bd \u03a8\u03b7\u03c6\u03b9\u03b1\u03ba\u03ce\u03bd \u0391\u03be\u03b9\u03ce\u03bd\">\u0391\u03c5\u03c3\u03c4\u03b7\u03c1\u03ae \u0394\u03b9\u03b1\u03c7\u03b5\u03af\u03c1\u03b9\u03c3\u03b7 \u03c4\u03c9\u03bd \u03a8\u03b7\u03c6\u03b9\u03b1\u03ba\u03ce\u03bd \u0391\u03be\u03b9\u03ce\u03bd<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/monolith.law\/el\/it\/digital-securities\/#%CE%9F%CE%B9_%CE%B1%CE%BB%CE%BB%CE%B1%CE%B3%CE%AD%CF%82_%CF%80%CE%BF%CF%85_%CF%86%CE%AD%CF%81%CE%BD%CE%B5%CE%B9_%CE%B7_%CF%87%CE%B1%CE%BB%CE%AC%CF%81%CF%89%CF%83%CE%B7_%CF%84%CF%89%CE%BD_%CE%BA%CE%B1%CE%BD%CE%BF%CE%BD%CE%B9%CF%83%CE%BC%CF%8E%CE%BD_%CF%83%CF%84%CE%B1_%CF%88%CE%B7%CF%86%CE%B9%CE%B1%CE%BA%CE%AC_%CE%BA%CE%B5%CF%86%CE%AC%CE%BB%CE%B1%CE%B9%CE%B1\" title=\"\u039f\u03b9 \u03b1\u03bb\u03bb\u03b1\u03b3\u03ad\u03c2 \u03c0\u03bf\u03c5 \u03c6\u03ad\u03c1\u03bd\u03b5\u03b9 \u03b7 \u03c7\u03b1\u03bb\u03ac\u03c1\u03c9\u03c3\u03b7 \u03c4\u03c9\u03bd \u03ba\u03b1\u03bd\u03bf\u03bd\u03b9\u03c3\u03bc\u03ce\u03bd \u03c3\u03c4\u03b1 \u03c8\u03b7\u03c6\u03b9\u03b1\u03ba\u03ac \u03ba\u03b5\u03c6\u03ac\u03bb\u03b1\u03b9\u03b1\">\u039f\u03b9 \u03b1\u03bb\u03bb\u03b1\u03b3\u03ad\u03c2 \u03c0\u03bf\u03c5 \u03c6\u03ad\u03c1\u03bd\u03b5\u03b9 \u03b7 \u03c7\u03b1\u03bb\u03ac\u03c1\u03c9\u03c3\u03b7 \u03c4\u03c9\u03bd \u03ba\u03b1\u03bd\u03bf\u03bd\u03b9\u03c3\u03bc\u03ce\u03bd \u03c3\u03c4\u03b1 \u03c8\u03b7\u03c6\u03b9\u03b1\u03ba\u03ac \u03ba\u03b5\u03c6\u03ac\u03bb\u03b1\u03b9\u03b1<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/monolith.law\/el\/it\/digital-securities\/#%CE%9F%CE%B9_%CE%B1%CE%BD%CE%B1%CE%BC%CE%B5%CE%BD%CF%8C%CE%BC%CE%B5%CE%BD%CE%B5%CF%82_%CE%B5%CF%80%CE%B9%CE%B4%CF%81%CE%AC%CF%83%CE%B5%CE%B9%CF%82_%CE%B1%CF%80%CF%8C_%CF%84%CE%B7_%CF%87%CE%B1%CE%BB%CE%AC%CF%81%CF%89%CF%83%CE%B7_%CF%84%CF%89%CE%BD_%CE%BA%CE%B1%CE%BD%CE%BF%CE%BD%CE%B9%CF%83%CE%BC%CF%8E%CE%BD_%CF%83%CF%84%CE%B1_%CF%88%CE%B7%CF%86%CE%B9%CE%B1%CE%BA%CE%AC_%CE%BA%CE%B5%CF%86%CE%AC%CE%BB%CE%B1%CE%B9%CE%B1\" title=\"\u039f\u03b9 \u03b1\u03bd\u03b1\u03bc\u03b5\u03bd\u03cc\u03bc\u03b5\u03bd\u03b5\u03c2 \u03b5\u03c0\u03b9\u03b4\u03c1\u03ac\u03c3\u03b5\u03b9\u03c2 \u03b1\u03c0\u03cc \u03c4\u03b7 \u03c7\u03b1\u03bb\u03ac\u03c1\u03c9\u03c3\u03b7 \u03c4\u03c9\u03bd \u03ba\u03b1\u03bd\u03bf\u03bd\u03b9\u03c3\u03bc\u03ce\u03bd \u03c3\u03c4\u03b1 \u03c8\u03b7\u03c6\u03b9\u03b1\u03ba\u03ac \u03ba\u03b5\u03c6\u03ac\u03bb\u03b1\u03b9\u03b1\">\u039f\u03b9 \u03b1\u03bd\u03b1\u03bc\u03b5\u03bd\u03cc\u03bc\u03b5\u03bd\u03b5\u03c2 \u03b5\u03c0\u03b9\u03b4\u03c1\u03ac\u03c3\u03b5\u03b9\u03c2 \u03b1\u03c0\u03cc \u03c4\u03b7 \u03c7\u03b1\u03bb\u03ac\u03c1\u03c9\u03c3\u03b7 \u03c4\u03c9\u03bd \u03ba\u03b1\u03bd\u03bf\u03bd\u03b9\u03c3\u03bc\u03ce\u03bd \u03c3\u03c4\u03b1 \u03c8\u03b7\u03c6\u03b9\u03b1\u03ba\u03ac \u03ba\u03b5\u03c6\u03ac\u03bb\u03b1\u03b9\u03b1<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/monolith.law\/el\/it\/digital-securities\/#%CE%A0%CF%81%CE%BF%CF%8E%CE%B8%CE%B7%CF%83%CE%B7_%CF%84%CE%B7%CF%82_%CE%B1%CE%BD%CE%AC%CF%80%CF%84%CF%85%CE%BE%CE%B7%CF%82_%CF%84%CE%B7%CF%82_%CE%B1%CE%B3%CE%BF%CF%81%CE%AC%CF%82_%CF%88%CE%B7%CF%86%CE%B9%CE%B1%CE%BA%CF%8E%CE%BD_%CE%BA%CE%B5%CF%86%CE%B1%CE%BB%CE%B1%CE%AF%CF%89%CE%BD\" title=\"\u03a0\u03c1\u03bf\u03ce\u03b8\u03b7\u03c3\u03b7 \u03c4\u03b7\u03c2 \u03b1\u03bd\u03ac\u03c0\u03c4\u03c5\u03be\u03b7\u03c2 \u03c4\u03b7\u03c2 \u03b1\u03b3\u03bf\u03c1\u03ac\u03c2 \u03c8\u03b7\u03c6\u03b9\u03b1\u03ba\u03ce\u03bd \u03ba\u03b5\u03c6\u03b1\u03bb\u03b1\u03af\u03c9\u03bd\">\u03a0\u03c1\u03bf\u03ce\u03b8\u03b7\u03c3\u03b7 \u03c4\u03b7\u03c2 \u03b1\u03bd\u03ac\u03c0\u03c4\u03c5\u03be\u03b7\u03c2 \u03c4\u03b7\u03c2 \u03b1\u03b3\u03bf\u03c1\u03ac\u03c2 \u03c8\u03b7\u03c6\u03b9\u03b1\u03ba\u03ce\u03bd \u03ba\u03b5\u03c6\u03b1\u03bb\u03b1\u03af\u03c9\u03bd<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/monolith.law\/el\/it\/digital-securities\/#%CE%A0%CF%81%CE%BF%CF%83%CE%AD%CE%BB%CE%BA%CF%85%CF%83%CE%B7_%CE%B5%CE%B3%CF%87%CF%8E%CF%81%CE%B9%CF%89%CE%BD_%CE%BA%CE%B1%CE%B9_%CE%B4%CE%B9%CE%B5%CE%B8%CE%BD%CF%8E%CE%BD_%CE%B5%CF%80%CE%B5%CE%BD%CE%B4%CF%85%CF%84%CF%8E%CE%BD\" title=\"\u03a0\u03c1\u03bf\u03c3\u03ad\u03bb\u03ba\u03c5\u03c3\u03b7 \u03b5\u03b3\u03c7\u03ce\u03c1\u03b9\u03c9\u03bd \u03ba\u03b1\u03b9 \u03b4\u03b9\u03b5\u03b8\u03bd\u03ce\u03bd \u03b5\u03c0\u03b5\u03bd\u03b4\u03c5\u03c4\u03ce\u03bd\">\u03a0\u03c1\u03bf\u03c3\u03ad\u03bb\u03ba\u03c5\u03c3\u03b7 \u03b5\u03b3\u03c7\u03ce\u03c1\u03b9\u03c9\u03bd \u03ba\u03b1\u03b9 \u03b4\u03b9\u03b5\u03b8\u03bd\u03ce\u03bd \u03b5\u03c0\u03b5\u03bd\u03b4\u03c5\u03c4\u03ce\u03bd<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/monolith.law\/el\/it\/digital-securities\/#%CE%A0%CE%B1%CF%81%CE%BF%CF%87%CE%AE_%CE%BD%CE%AD%CF%89%CE%BD_%CE%BC%CE%AD%CF%83%CF%89%CE%BD_%CF%87%CF%81%CE%B7%CE%BC%CE%B1%CF%84%CE%BF%CE%B4%CF%8C%CF%84%CE%B7%CF%83%CE%B7%CF%82\" title=\"\u03a0\u03b1\u03c1\u03bf\u03c7\u03ae \u03bd\u03ad\u03c9\u03bd \u03bc\u03ad\u03c3\u03c9\u03bd \u03c7\u03c1\u03b7\u03bc\u03b1\u03c4\u03bf\u03b4\u03cc\u03c4\u03b7\u03c3\u03b7\u03c2\">\u03a0\u03b1\u03c1\u03bf\u03c7\u03ae \u03bd\u03ad\u03c9\u03bd \u03bc\u03ad\u03c3\u03c9\u03bd \u03c7\u03c1\u03b7\u03bc\u03b1\u03c4\u03bf\u03b4\u03cc\u03c4\u03b7\u03c3\u03b7\u03c2<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/monolith.law\/el\/it\/digital-securities\/#%CE%97_%CE%A7%CE%B1%CE%BB%CE%AC%CF%81%CF%89%CF%83%CE%B7_%CF%84%CE%B7%CF%82_%CE%A1%CF%8D%CE%B8%CE%BC%CE%B9%CF%83%CE%B7%CF%82_%CF%84%CF%89%CE%BD_%CE%A8%CE%B7%CF%86%CE%B9%CE%B1%CE%BA%CF%8E%CE%BD_%CE%91%CE%BE%CE%B9%CF%8E%CE%BD\" title=\"\u0397 \u03a7\u03b1\u03bb\u03ac\u03c1\u03c9\u03c3\u03b7 \u03c4\u03b7\u03c2 \u03a1\u03cd\u03b8\u03bc\u03b9\u03c3\u03b7\u03c2 \u03c4\u03c9\u03bd \u03a8\u03b7\u03c6\u03b9\u03b1\u03ba\u03ce\u03bd \u0391\u03be\u03b9\u03ce\u03bd\">\u0397 \u03a7\u03b1\u03bb\u03ac\u03c1\u03c9\u03c3\u03b7 \u03c4\u03b7\u03c2 \u03a1\u03cd\u03b8\u03bc\u03b9\u03c3\u03b7\u03c2 \u03c4\u03c9\u03bd \u03a8\u03b7\u03c6\u03b9\u03b1\u03ba\u03ce\u03bd \u0391\u03be\u03b9\u03ce\u03bd<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/monolith.law\/el\/it\/digital-securities\/#%CE%97_%CE%91%CE%BD%CF%84%CE%AF%CE%B4%CF%81%CE%B1%CF%83%CE%B7_%CF%84%CF%89%CE%BD_%CE%A7%CF%81%CE%B7%CE%BC%CE%B1%CF%84%CE%BF%CE%BF%CE%B9%CE%BA%CE%BF%CE%BD%CE%BF%CE%BC%CE%B9%CE%BA%CF%8E%CE%BD_%CE%99%CE%B4%CF%81%CF%85%CE%BC%CE%AC%CF%84%CF%89%CE%BD_%CE%BA%CE%B1%CE%B9_%CF%84%CF%89%CE%BD_%CE%95%CF%80%CE%B9%CF%87%CE%B5%CE%B9%CF%81%CE%AE%CF%83%CE%B5%CF%89%CE%BD\" title=\"\u0397 \u0391\u03bd\u03c4\u03af\u03b4\u03c1\u03b1\u03c3\u03b7 \u03c4\u03c9\u03bd \u03a7\u03c1\u03b7\u03bc\u03b1\u03c4\u03bf\u03bf\u03b9\u03ba\u03bf\u03bd\u03bf\u03bc\u03b9\u03ba\u03ce\u03bd \u0399\u03b4\u03c1\u03c5\u03bc\u03ac\u03c4\u03c9\u03bd \u03ba\u03b1\u03b9 \u03c4\u03c9\u03bd \u0395\u03c0\u03b9\u03c7\u03b5\u03b9\u03c1\u03ae\u03c3\u03b5\u03c9\u03bd\">\u0397 \u0391\u03bd\u03c4\u03af\u03b4\u03c1\u03b1\u03c3\u03b7 \u03c4\u03c9\u03bd \u03a7\u03c1\u03b7\u03bc\u03b1\u03c4\u03bf\u03bf\u03b9\u03ba\u03bf\u03bd\u03bf\u03bc\u03b9\u03ba\u03ce\u03bd \u0399\u03b4\u03c1\u03c5\u03bc\u03ac\u03c4\u03c9\u03bd \u03ba\u03b1\u03b9 \u03c4\u03c9\u03bd \u0395\u03c0\u03b9\u03c7\u03b5\u03b9\u03c1\u03ae\u03c3\u03b5\u03c9\u03bd<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/monolith.law\/el\/it\/digital-securities\/#%CE%9F%CE%B9_%CE%9C%CE%B5%CE%BB%CE%BB%CE%BF%CE%BD%CF%84%CE%B9%CE%BA%CE%AD%CF%82_%CE%A4%CE%AC%CF%83%CE%B5%CE%B9%CF%82_%CE%BA%CE%B1%CE%B9_%CE%A0%CF%81%CE%BF%CE%B2%CE%BB%CE%AD%CF%88%CE%B5%CE%B9%CF%82_%CF%84%CE%B7%CF%82_%CE%91%CE%B3%CE%BF%CF%81%CE%AC%CF%82\" title=\"\u039f\u03b9 \u039c\u03b5\u03bb\u03bb\u03bf\u03bd\u03c4\u03b9\u03ba\u03ad\u03c2 \u03a4\u03ac\u03c3\u03b5\u03b9\u03c2 \u03ba\u03b1\u03b9 \u03a0\u03c1\u03bf\u03b2\u03bb\u03ad\u03c8\u03b5\u03b9\u03c2 \u03c4\u03b7\u03c2 \u0391\u03b3\u03bf\u03c1\u03ac\u03c2\">\u039f\u03b9 \u039c\u03b5\u03bb\u03bb\u03bf\u03bd\u03c4\u03b9\u03ba\u03ad\u03c2 \u03a4\u03ac\u03c3\u03b5\u03b9\u03c2 \u03ba\u03b1\u03b9 \u03a0\u03c1\u03bf\u03b2\u03bb\u03ad\u03c8\u03b5\u03b9\u03c2 \u03c4\u03b7\u03c2 \u0391\u03b3\u03bf\u03c1\u03ac\u03c2<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/monolith.law\/el\/it\/digital-securities\/#%CE%A3%CF%85%CE%BD%CE%BF%CF%80%CF%84%CE%B9%CE%BA%CE%AC_%CE%91%CE%BD%CE%B1%CE%BC%CE%AD%CE%BD%CE%B5%CF%84%CE%B1%CE%B9_%CE%B4%CE%B9%CE%B5%CF%8D%CF%81%CF%85%CE%BD%CF%83%CE%B7_%CF%84%CE%B7%CF%82_%CE%B1%CE%B3%CE%BF%CF%81%CE%AC%CF%82_%CE%BB%CF%8C%CE%B3%CF%89_%CF%84%CE%B7%CF%82_%CF%87%CE%B1%CE%BB%CE%AC%CF%81%CF%89%CF%83%CE%B7%CF%82_%CF%84%CF%89%CE%BD_%CE%BA%CE%B1%CE%BD%CE%BF%CE%BD%CE%B9%CF%83%CE%BC%CF%8E%CE%BD_%CE%B3%CE%B9%CE%B1_%CF%84%CE%B1_%CF%88%CE%B7%CF%86%CE%B9%CE%B1%CE%BA%CE%AC_%CF%84%CE%AF%CF%84%CE%BB%CE%BF%CF%85%CF%82\" title=\"\u03a3\u03c5\u03bd\u03bf\u03c0\u03c4\u03b9\u03ba\u03ac: \u0391\u03bd\u03b1\u03bc\u03ad\u03bd\u03b5\u03c4\u03b1\u03b9 \u03b4\u03b9\u03b5\u03cd\u03c1\u03c5\u03bd\u03c3\u03b7 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href=\"https:\/\/monolith.law\/el\/it\/digital-securities\/#%CE%9F%CE%B4%CE%B7%CE%B3%CE%AF%CE%B5%CF%82_%CE%B3%CE%B9%CE%B1_%CF%84%CE%B1_%CE%9C%CE%AD%CF%84%CF%81%CE%B1_%CE%B1%CF%80%CF%8C_%CF%84%CE%BF_%CE%94%CE%B9%CE%BA%CE%B7%CE%B3%CE%BF%CF%81%CE%B9%CE%BA%CF%8C_%CE%BC%CE%B1%CF%82_%CE%93%CF%81%CE%B1%CF%86%CE%B5%CE%AF%CE%BF\" title=\"\u039f\u03b4\u03b7\u03b3\u03af\u03b5\u03c2 \u03b3\u03b9\u03b1 \u03c4\u03b1 \u039c\u03ad\u03c4\u03c1\u03b1 \u03b1\u03c0\u03cc \u03c4\u03bf \u0394\u03b9\u03ba\u03b7\u03b3\u03bf\u03c1\u03b9\u03ba\u03cc \u03bc\u03b1\u03c2 \u0393\u03c1\u03b1\u03c6\u03b5\u03af\u03bf\">\u039f\u03b4\u03b7\u03b3\u03af\u03b5\u03c2 \u03b3\u03b9\u03b1 \u03c4\u03b1 \u039c\u03ad\u03c4\u03c1\u03b1 \u03b1\u03c0\u03cc \u03c4\u03bf \u0394\u03b9\u03ba\u03b7\u03b3\u03bf\u03c1\u03b9\u03ba\u03cc \u03bc\u03b1\u03c2 \u0393\u03c1\u03b1\u03c6\u03b5\u03af\u03bf<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%CE%A4%CE%B9_%CE%B5%CE%AF%CE%BD%CE%B1%CE%B9_%CF%84%CE%B1_%CE%A8%CE%B7%CF%86%CE%B9%CE%B1%CE%BA%CE%AC_%CE%9A%CE%B9%CE%BD%CE%B7%CF%84%CE%AC_%CE%91%CE%BE%CE%AF%CE%B1%CF%82\"><\/span>\u03a4\u03b9 \u03b5\u03af\u03bd\u03b1\u03b9 \u03c4\u03b1 \u03a8\u03b7\u03c6\u03b9\u03b1\u03ba\u03ac \u039a\u03b9\u03bd\u03b7\u03c4\u03ac \u0391\u03be\u03af\u03b1\u03c2;<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%CE%95%CE%B9%CF%83%CE%B1%CE%B3%CF%89%CE%B3%CE%AE_%CF%83%CF%84%CE%B1_%CE%A8%CE%B7%CF%86%CE%B9%CE%B1%CE%BA%CE%AC_%CE%9A%CE%B9%CE%BD%CE%B7%CF%84%CE%AC_%CE%91%CE%BE%CE%AF%CE%B1%CF%82_Security_Tokens_ST\"><\/span>\u0395\u03b9\u03c3\u03b1\u03b3\u03c9\u03b3\u03ae \u03c3\u03c4\u03b1 \u03a8\u03b7\u03c6\u03b9\u03b1\u03ba\u03ac \u039a\u03b9\u03bd\u03b7\u03c4\u03ac \u0391\u03be\u03af\u03b1\u03c2 (Security Tokens, ST)<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>\u03a4\u03b1 \u03c8\u03b7\u03c6\u03b9\u03b1\u03ba\u03ac 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\u03c4\u03b7\u03c2 \u03c7\u03c1\u03ae\u03c3\u03b7\u03c2 \u03c4\u03b5\u03c7\u03bd\u03bf\u03bb\u03bf\u03b3\u03af\u03b1\u03c2 blockchain. \u0391\u03c5\u03c4\u03cc \u03b5\u03c0\u03b9\u03c4\u03c1\u03ad\u03c0\u03b5\u03b9 \u03c4\u03b7\u03bd \u03b1\u03bd\u03b1\u03c0\u03b1\u03c1\u03ac\u03c3\u03c4\u03b1\u03c3\u03b7 \u03c4\u03c9\u03bd \u03af\u03b4\u03b9\u03c9\u03bd \u03b4\u03b9\u03ba\u03b1\u03b9\u03c9\u03bc\u03ac\u03c4\u03c9\u03bd \u03c3\u03b5 \u03c8\u03b7\u03c6\u03b9\u03b1\u03ba\u03ae \u03bc\u03bf\u03c1\u03c6\u03ae, \u03cc\u03c0\u03c9\u03c2 \u03ba\u03b1\u03b9 \u03c3\u03c4\u03b1 \u03c0\u03b1\u03c1\u03b1\u03b4\u03bf\u03c3\u03b9\u03b1\u03ba\u03ac \u03ba\u03b9\u03bd\u03b7\u03c4\u03ac \u03b1\u03be\u03af\u03b1\u03c2.<\/p>\n\n\n\n<p>\u0397 \u03c3\u03c9\u03c3\u03c4\u03ae \u03bf\u03bd\u03bf\u03bc\u03b1\u03c3\u03af\u03b1 \u03c4\u03c9\u03bd \u03c8\u03b7\u03c6\u03b9\u03b1\u03ba\u03ce\u03bd \u03ba\u03b9\u03bd\u03b7\u03c4\u03ce\u03bd \u03b1\u03be\u03b9\u03ce\u03bd \u03b5\u03af\u03bd\u03b1\u03b9 &#8220;\u0397\u03bb\u03b5\u03ba\u03c4\u03c1\u03bf\u03bd\u03b9\u03ba\u03ae \u039a\u03b1\u03c4\u03b1\u03b3\u03c1\u03b1\u03c6\u03ae \u039c\u03b5\u03c4\u03b1\u03b2\u03b9\u03b2\u03b1\u03c3\u03c4\u03b9\u03ba\u03ce\u03bd \u0394\u03b9\u03ba\u03b1\u03b9\u03c9\u03bc\u03ac\u03c4\u03c9\u03bd \u039a\u03b9\u03bd\u03b7\u03c4\u03ce\u03bd \u0391\u03be\u03b9\u03ce\u03bd&#8221; \u03ba\u03b1\u03b9 \u03ad\u03c7\u03b5\u03b9 \u03ba\u03b1\u03b8\u03bf\u03c1\u03b9\u03c3\u03c4\u03b5\u03af \u03b1\u03c0\u03cc \u03c4\u03b7\u03bd \u03c4\u03c1\u03bf\u03c0\u03bf\u03c0\u03bf\u03b9\u03b7\u03bc\u03ad\u03bd\u03b7 \u0399\u03b1\u03c0\u03c9\u03bd\u03b9\u03ba\u03ae \u039d\u03bf\u03bc\u03bf\u03b8\u03b5\u03c3\u03af\u03b1 \u03a3\u03c5\u03bd\u03b1\u03bb\u03bb\u03b1\u03b3\u03ce\u03bd \u03a7\u03c1\u03b7\u03bc\u03b1\u03c4\u03bf\u03bf\u03b9\u03ba\u03bf\u03bd\u03bf\u03bc\u03b9\u03ba\u03ce\u03bd \u03a0\u03c1\u03bf\u03ca\u03cc\u03bd\u03c4\u03c9\u03bd \u03ba\u03b1\u03b9 \u03c4\u03b9\u03c2 \u03c3\u03c7\u03b5\u03c4\u03b9\u03ba\u03ad\u03c2 \u03ba\u03c5\u03b2\u03b5\u03c1\u03bd\u03b7\u03c4\u03b9\u03ba\u03ad\u03c2 \u03b4\u03b9\u03b1\u03c4\u03ac\u03b3\u03bc\u03b1\u03c4\u03b1 \u03c0\u03bf\u03c5 \u03c4\u03ad\u03b8\u03b7\u03ba\u03b1\u03bd \u03c3\u03b5 \u03b9\u03c3\u03c7\u03cd \u03c4\u03b7\u03bd 1\u03b7 \u039c\u03b1\u0390\u03bf\u03c5 \u03c4\u03bf\u03c5 \u03ad\u03c4\u03bf\u03c5\u03c2 Reiwa 2 (2020).<\/p>\n\n\n\n<p>\u039c\u03b5\u03c4\u03bf\u03c7\u03ad\u03c2 \u03ba\u03b1\u03b9 \u03b5\u03c0\u03b5\u03bd\u03b4\u03c5\u03c4\u03b9\u03ba\u03ac \u03ba\u03b5\u03c6\u03ac\u03bb\u03b1\u03b9\u03b1 \u03ad\u03c7\u03bf\u03c5\u03bd \u03b5\u03c0\u03af\u03c3\u03b7\u03c2 \u03c8\u03b7\u03c6\u03b9\u03bf\u03c0\u03bf\u03b9\u03b7\u03b8\u03b5\u03af, \u03b1\u03bb\u03bb\u03ac \u03c0\u03bf\u03b9\u03b5\u03c2 \u03b5\u03af\u03bd\u03b1\u03b9 \u03bf\u03b9 \u03b4\u03b9\u03b1\u03c6\u03bf\u03c1\u03ad\u03c2 \u03bc\u03b5\u03c4\u03b1\u03be\u03cd \u03c4\u03c9\u03bd \u03c0\u03b1\u03c1\u03b1\u03b4\u03bf\u03c3\u03b9\u03b1\u03ba\u03ce\u03bd 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\u03c4\u03bf\u03bc\u03ad\u03b1[ja]<\/a><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%CE%A0%CE%BF%CE%B9%CE%B5%CF%82_%CE%B5%CE%AF%CE%BD%CE%B1%CE%B9_%CE%BF%CE%B9_%CE%B4%CE%B9%CE%B1%CF%86%CE%BF%CF%81%CE%AD%CF%82_%CE%BC%CE%B5%CF%84%CE%B1%CE%BE%CF%8D_%CF%84%CF%89%CE%BD_%CF%88%CE%B7%CF%86%CE%B9%CE%B1%CE%BA%CF%8E%CE%BD_%CE%BA%CE%B1%CE%B9_%CF%84%CF%89%CE%BD_%CF%80%CE%B1%CF%81%CE%B1%CE%B4%CE%BF%CF%83%CE%B9%CE%B1%CE%BA%CF%8E%CE%BD_%CF%84%CE%AF%CF%84%CE%BB%CF%89%CE%BD\"><\/span>\u03a0\u03bf\u03b9\u03b5\u03c2 \u03b5\u03af\u03bd\u03b1\u03b9 \u03bf\u03b9 \u03b4\u03b9\u03b1\u03c6\u03bf\u03c1\u03ad\u03c2 \u03bc\u03b5\u03c4\u03b1\u03be\u03cd \u03c4\u03c9\u03bd \u03c8\u03b7\u03c6\u03b9\u03b1\u03ba\u03ce\u03bd \u03ba\u03b1\u03b9 \u03c4\u03c9\u03bd \u03c0\u03b1\u03c1\u03b1\u03b4\u03bf\u03c3\u03b9\u03b1\u03ba\u03ce\u03bd \u03c4\u03af\u03c4\u03bb\u03c9\u03bd;<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<figure class=\"wp-block-image size-full\"><img 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\u03c4\u03b5\u03c7\u03bd\u03bf\u03bb\u03bf\u03b3\u03af\u03b1 blockchain, \u03cc\u03c0\u03bf\u03c5 \u03ba\u03b1\u03c4\u03b1\u03b3\u03c1\u03ac\u03c6\u03bf\u03bd\u03c4\u03b1\u03b9 \u03bf\u03b9 \u03c3\u03c5\u03bd\u03b1\u03bb\u03bb\u03b1\u03b3\u03ad\u03c2.<\/p>\n\n\n\n<p>\u0388\u03bd\u03b1 \u03ac\u03bb\u03bb\u03bf \u03c3\u03b7\u03bc\u03b1\u03bd\u03c4\u03b9\u03ba\u03cc \u03c3\u03c4\u03bf\u03b9\u03c7\u03b5\u03af\u03bf \u03b5\u03af\u03bd\u03b1\u03b9 \u03b7 \u03b1\u03c0\u03bf\u03b4\u03bf\u03c4\u03b9\u03ba\u03cc\u03c4\u03b7\u03c4\u03b1.<\/p>\n\n\n\n<p>\u039f\u03b9 \u03c8\u03b7\u03c6\u03b9\u03b1\u03ba\u03bf\u03af \u03c4\u03af\u03c4\u03bb\u03bf\u03b9 \u03b5\u03c0\u03b9\u03c4\u03c1\u03ad\u03c0\u03bf\u03c5\u03bd \u03c4\u03b7\u03bd \u03b1\u03c5\u03c4\u03bf\u03bc\u03b1\u03c4\u03bf\u03c0\u03bf\u03af\u03b7\u03c3\u03b7 \u03c4\u03c9\u03bd \u03b4\u03b9\u03b1\u03b4\u03b9\u03ba\u03b1\u03c3\u03b9\u03ce\u03bd \u03c3\u03c5\u03bd\u03b1\u03bb\u03bb\u03b1\u03b3\u03ce\u03bd \u03ba\u03b1\u03b9 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\u03c0\u03b1\u03c1\u03ad\u03bc\u03b2\u03b1\u03c3\u03b7 \u03bc\u03b5\u03c3\u03b1\u03b6\u03cc\u03bd\u03c4\u03c9\u03bd, \u03ba\u03ac\u03c4\u03b9 \u03c0\u03bf\u03c5 \u03ba\u03b1\u03b8\u03b9\u03c3\u03c4\u03ac \u03c4\u03b7 \u03b4\u03b9\u03b1\u03b4\u03b9\u03ba\u03b1\u03c3\u03af\u03b1 \u03c0\u03b9\u03bf \u03c0\u03b5\u03c1\u03af\u03c0\u03bb\u03bf\u03ba\u03b7 \u03ba\u03b1\u03b9 \u03bb\u03b9\u03b3\u03cc\u03c4\u03b5\u03c1\u03bf \u03b1\u03c0\u03bf\u03b4\u03bf\u03c4\u03b9\u03ba\u03ae.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%CE%A7%CE%B1%CF%81%CE%B1%CE%BA%CF%84%CE%B7%CF%81%CE%B9%CF%83%CF%84%CE%B9%CE%BA%CE%AC_%CF%84%CF%89%CE%BD_%CE%A8%CE%B7%CF%86%CE%B9%CE%B1%CE%BA%CF%8E%CE%BD_%CE%A4%CE%AF%CF%84%CE%BB%CF%89%CE%BD\"><\/span>\u03a7\u03b1\u03c1\u03b1\u03ba\u03c4\u03b7\u03c1\u03b9\u03c3\u03c4\u03b9\u03ba\u03ac \u03c4\u03c9\u03bd \u03a8\u03b7\u03c6\u03b9\u03b1\u03ba\u03ce\u03bd \u03a4\u03af\u03c4\u03bb\u03c9\u03bd<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>\u0388\u03bd\u03b1 \u03b1\u03c0\u03cc \u03c4\u03b1 \u03c7\u03b1\u03c1\u03b1\u03ba\u03c4\u03b7\u03c1\u03b9\u03c3\u03c4\u03b9\u03ba\u03ac \u03c4\u03c9\u03bd \u03c8\u03b7\u03c6\u03b9\u03b1\u03ba\u03ce\u03bd \u03c4\u03af\u03c4\u03bb\u03c9\u03bd \u03b5\u03af\u03bd\u03b1\u03b9 \u03b7 \u03b4\u03c5\u03bd\u03b1\u03c4\u03cc\u03c4\u03b7\u03c4\u03b1 \u03b4\u03b9\u03b5\u03bd\u03ad\u03c1\u03b3\u03b5\u03b9\u03b1\u03c2 \u03c0\u03bf\u03b9\u03ba\u03af\u03bb\u03c9\u03bd \u03c3\u03c5\u03bd\u03b1\u03bb\u03bb\u03b1\u03b3\u03ce\u03bd \u03c3\u03b5 \u03bc\u03b9\u03ba\u03c1\u03ad\u03c2 \u03c0\u03bf\u03c3\u03cc\u03c4\u03b7\u03c4\u03b5\u03c2.<\/p>\n\n\n\n<p>\u0393\u03b9\u03b1 \u03c0\u03b1\u03c1\u03ac\u03b4\u03b5\u03b9\u03b3\u03bc\u03b1, \u03b1\u03ba\u03af\u03bd\u03b7\u03c4\u03b1 \u03bc\u03c0\u03bf\u03c1\u03bf\u03cd\u03bd \u03bd\u03b1 \u03b4\u03b9\u03b1\u03c0\u03c1\u03b1\u03b3\u03bc\u03b1\u03c4\u03b5\u03c5\u03c4\u03bf\u03cd\u03bd \u03bc\u03ad\u03c3\u03c9 \u03c8\u03b7\u03c6\u03b9\u03b1\u03ba\u03ce\u03bd \u03c4\u03af\u03c4\u03bb\u03c9\u03bd. \u03a3\u03c4\u03b1 \u03b1\u03ba\u03af\u03bd\u03b7\u03c4\u03b1 ST, \u03b7 \u03b3\u03b7 \u03ba\u03b1\u03b9 \u03c4\u03b1 \u03ba\u03c4\u03af\u03c1\u03b9\u03b1 \u03c0\u03bf\u03c5 \u03b4\u03b5\u03bd \u03bc\u03c0\u03bf\u03c1\u03bf\u03cd\u03bd \u03bd\u03b1 \u03b4\u03b9\u03b1\u03b9\u03c1\u03b5\u03b8\u03bf\u03cd\u03bd \u03c0\u03c1\u03b1\u03b3\u03bc\u03b1\u03c4\u03b9\u03ba\u03ac, \u03bc\u03b5\u03c4\u03b1\u03c4\u03c1\u03ad\u03c0\u03bf\u03bd\u03c4\u03b1\u03b9 \u03c3\u03b5 \u03bc\u03bf\u03c1\u03c6\u03ae \u03c0\u03bf\u03c5 \u03b5\u03c0\u03b9\u03c4\u03c1\u03ad\u03c0\u03b5\u03b9 \u03c4\u03b7\u03bd \u03b1\u03b3\u03bf\u03c1\u03ac \u03bc\u03b5 \u03bc\u03b9\u03ba\u03c1\u03ac \u03c0\u03bf\u03c3\u03ac \u03c7\u03c1\u03b7\u03c3\u03b9\u03bc\u03bf\u03c0\u03bf\u03b9\u03ce\u03bd\u03c4\u03b1\u03c2 \u03c4\u03b7\u03bd \u03c4\u03b5\u03c7\u03bd\u03bf\u03bb\u03bf\u03b3\u03af\u03b1 blockchain, \u03ba\u03b1\u03b8\u03b9\u03c3\u03c4\u03ce\u03bd\u03c4\u03b1\u03c2 \u03b4\u03c5\u03bd\u03b1\u03c4\u03ad\u03c2 \u03c4\u03b9\u03c2 \u03c3\u03c5\u03bd\u03b1\u03bb\u03bb\u03b1\u03b3\u03ad\u03c2 \u03c3\u03b5 \u03bc\u03b9\u03ba\u03c1\u03ad\u03c2 \u03c0\u03bf\u03c3\u03cc\u03c4\u03b7\u03c4\u03b5\u03c2.<\/p>\n\n\n\n<p>\u0391\u03bd\u03c4\u03af\u03c3\u03c4\u03bf\u03b9\u03c7\u03b1, \u03c3\u03b5 \u03c3\u03cd\u03b3\u03ba\u03c1\u03b9\u03c3\u03b7 \u03bc\u03b5 \u03c4\u03b1 REIT, \u03c4\u03b1 \u03bf\u03c0\u03bf\u03af\u03b1 \u03b5\u03c0\u03b9\u03c4\u03c1\u03ad\u03c0\u03bf\u03c5\u03bd \u03c4\u03b7\u03bd \u03bc\u03b9\u03ba\u03c1\u03bf\u03c0\u03bf\u03af\u03b7\u03c3\u03b7 \u03c4\u03c9\u03bd \u03bc\u03b5\u03c4\u03c1\u03b7\u03c4\u03ce\u03bd \u03c3\u03c4\u03b1 \u03b1\u03ba\u03af\u03bd\u03b7\u03c4\u03b1, \u03ad\u03bd\u03b1\u03c2 \u03b4\u03b9\u03b1\u03c6\u03bf\u03c1\u03b5\u03c4\u03b9\u03ba\u03cc\u03c2 \u03c0\u03b1\u03c1\u03ac\u03b3\u03bf\u03bd\u03c4\u03b1\u03c2 \u03b5\u03af\u03bd\u03b1\u03b9 \u03c4\u03bf \u03b1\u03bd\u03c4\u03b9\u03ba\u03b5\u03af\u03bc\u03b5\u03bd\u03bf \u03c4\u03b7\u03c2 \u03b5\u03c0\u03ad\u03bd\u03b4\u03c5\u03c3\u03b7\u03c2.<\/p>\n\n\n\n<p>\u039f\u03b9 \u03c8\u03b7\u03c6\u03b9\u03b1\u03ba\u03bf\u03af \u03c4\u03af\u03c4\u03bb\u03bf\u03b9 \u03b5\u03c0\u03b5\u03bd\u03b4\u03cd\u03bf\u03c5\u03bd \u03c3\u03b5 \u03ad\u03bd\u03b1 \u03bc\u03cc\u03bd\u03bf \u03b1\u03ba\u03af\u03bd\u03b7\u03c4\u03bf, \u03b5\u03bd\u03ce \u03c4\u03b1 REIT \u03b5\u03c0\u03b5\u03bd\u03b4\u03cd\u03bf\u03c5\u03bd \u03c3\u03b5 \u03bc\u03b5\u03c4\u03bf\u03c7\u03ad\u03c2 \u03b5\u03c4\u03b1\u03b9\u03c1\u03b5\u03b9\u03ce\u03bd \u03c0\u03bf\u03c5 \u03ba\u03b1\u03c4\u03ad\u03c7\u03bf\u03c5\u03bd \u03c0\u03bf\u03bb\u03bb\u03ac \u03b1\u03ba\u03af\u03bd\u03b7\u03c4\u03b1. \u0395\u03c0\u03bf\u03bc\u03ad\u03bd\u03c9\u03c2, \u03bf\u03b9 \u03c8\u03b7\u03c6\u03b9\u03b1\u03ba\u03bf\u03af \u03c4\u03af\u03c4\u03bb\u03bf\u03b9 \u03c0\u03c1\u03bf\u03c3\u03c6\u03ad\u03c1\u03bf\u03c5\u03bd \u03c4\u03bf \u03c0\u03bb\u03b5\u03bf\u03bd\u03ad\u03ba\u03c4\u03b7\u03bc\u03b1 \u03c4\u03b7\u03c2 \u03b5\u03c0\u03ad\u03bd\u03b4\u03c5\u03c3\u03b7\u03c2 \u03c3\u03b5 \u03c3\u03c5\u03b3\u03ba\u03b5\u03ba\u03c1\u03b9\u03bc\u03ad\u03bd\u03b1 \u03b1\u03ba\u03af\u03bd\u03b7\u03c4\u03b1, \u03ba\u03ac\u03c4\u03b9 \u03c0\u03bf\u03c5 \u03ba\u03b1\u03b8\u03b9\u03c3\u03c4\u03ac \u03c4\u03bf \u03b1\u03bd\u03c4\u03b9\u03ba\u03b5\u03af\u03bc\u03b5\u03bd\u03bf \u03c4\u03b7\u03c2 \u03b5\u03c0\u03ad\u03bd\u03b4\u03c5\u03c3\u03b7\u03c2 \u03c0\u03b9\u03bf \u03ba\u03b1\u03c4\u03b1\u03bd\u03bf\u03b7\u03c4\u03cc.<\/p>\n\n\n\n<p>\u0395\u03c0\u03b9\u03c0\u03bb\u03ad\u03bf\u03bd, \u03b7 \u03ba\u03af\u03bd\u03b7\u03c3\u03b7 \u03c4\u03c9\u03bd \u03c4\u03b9\u03bc\u03ce\u03bd \u03b4\u03b9\u03b1\u03c6\u03ad\u03c1\u03b5\u03b9 \u03b5\u03c0\u03af\u03c3\u03b7\u03c2. \u039f\u03b9 \u03c8\u03b7\u03c6\u03b9\u03b1\u03ba\u03bf\u03af \u03c4\u03af\u03c4\u03bb\u03bf\u03b9 \u03b4\u03b9\u03b1\u03c0\u03c1\u03b1\u03b3\u03bc\u03b1\u03c4\u03b5\u03cd\u03bf\u03bd\u03c4\u03b1\u03b9 \u03b2\u03ac\u03c3\u03b5\u03b9 \u03c4\u03b7\u03c2 \u03b1\u03be\u03b9\u03bf\u03bb\u03bf\u03b3\u03b7\u03bc\u03ad\u03bd\u03b7\u03c2 \u03b1\u03be\u03af\u03b1\u03c2, \u03b5\u03bd\u03ce \u03bf\u03b9 \u03c4\u03b9\u03bc\u03ad\u03c2 \u03c4\u03c9\u03bd REIT \u03b5\u03c0\u03b7\u03c1\u03b5\u03ac\u03b6\u03bf\u03bd\u03c4\u03b1\u03b9 \u03c3\u03c5\u03bd\u03b5\u03c7\u03ce\u03c2 \u03b1\u03c0\u03cc \u03c4\u03b9\u03c2 \u03c4\u03ac\u03c3\u03b5\u03b9\u03c2 \u03c4\u03b7\u03c2 \u03b1\u03b3\u03bf\u03c1\u03ac\u03c2 \u03bc\u03b5\u03c4\u03bf\u03c7\u03ce\u03bd, \u03ba\u03b1\u03b9 \u03bc\u03c0\u03bf\u03c1\u03b5\u03af \u03bd\u03b1 \u03b4\u03b9\u03b1\u03ba\u03c5\u03bc\u03b1\u03af\u03bd\u03bf\u03bd\u03c4\u03b1\u03b9 \u03bb\u03cc\u03b3\u03c9 \u03c4\u03c9\u03bd \u03b5\u03c0\u03b9\u03c4\u03bf\u03ba\u03af\u03c9\u03bd \u03ae \u03c4\u03c9\u03bd \u03c3\u03c5\u03bd\u03b1\u03bb\u03bb\u03b1\u03b3\u03ce\u03bd \u03bc\u03b5\u03b3\u03ac\u03bb\u03c9\u03bd \u03b5\u03c0\u03b5\u03bd\u03b4\u03c5\u03c4\u03ce\u03bd.<\/p>\n\n\n\n<p>\u03a5\u03c0\u03ac\u03c1\u03c7\u03b5\u03b9 \u03b5\u03c0\u03af\u03c3\u03b7\u03c2 \u03b4\u03b9\u03b1\u03c6\u03bf\u03c1\u03ac \u03c3\u03c4\u03b7\u03bd \u03c1\u03b5\u03c5\u03c3\u03c4\u03cc\u03c4\u03b7\u03c4\u03b1. \u03a4\u03b1 REIT \u03b4\u03b9\u03b1\u03c0\u03c1\u03b1\u03b3\u03bc\u03b1\u03c4\u03b5\u03cd\u03bf\u03bd\u03c4\u03b1\u03b9 \u03c3\u03c4\u03b7\u03bd \u03b1\u03b3\u03bf\u03c1\u03ac \u03bc\u03b5\u03c4\u03bf\u03c7\u03ce\u03bd, \u03c0\u03c1\u03bf\u03c3\u03c6\u03ad\u03c1\u03bf\u03bd\u03c4\u03b1\u03c2 \u03c5\u03c8\u03b7\u03bb\u03ae \u03c1\u03b5\u03c5\u03c3\u03c4\u03cc\u03c4\u03b7\u03c4\u03b1 \u03ba\u03b1\u03b9 \u03b5\u03c0\u03b9\u03c4\u03c1\u03ad\u03c0\u03bf\u03bd\u03c4\u03b1\u03c2 \u03c3\u03c4\u03bf\u03c5\u03c2 \u03b5\u03c0\u03b5\u03bd\u03b4\u03c5\u03c4\u03ad\u03c2 \u03bd\u03b1 \u03b1\u03b3\u03bf\u03c1\u03ac\u03b6\u03bf\u03c5\u03bd \u03ba\u03b1\u03b9 \u03bd\u03b1 \u03c0\u03c9\u03bb\u03bf\u03cd\u03bd \u03c3\u03c7\u03b5\u03c4\u03b9\u03ba\u03ac \u03b5\u03cd\u03ba\u03bf\u03bb\u03b1. \u0391\u03bd\u03c4\u03af\u03b8\u03b5\u03c4\u03b1, \u03bf\u03b9 \u03c8\u03b7\u03c6\u03b9\u03b1\u03ba\u03bf\u03af \u03c4\u03af\u03c4\u03bb\u03bf\u03b9 \u03c3\u03c5\u03bd\u03ae\u03b8\u03c9\u03c2 \u03c0\u03c9\u03bb\u03bf\u03cd\u03bd\u03c4\u03b1\u03b9 \u03c3\u03b5 \u03b5\u03c4\u03b1\u03b9\u03c1\u03b5\u03af\u03b5\u03c2 \u03c7\u03c1\u03b7\u03bc\u03b1\u03c4\u03b9\u03c3\u03c4\u03b7\u03c1\u03b9\u03b1\u03ba\u03ce\u03bd \u03c3\u03c5\u03bd\u03b1\u03bb\u03bb\u03b1\u03b3\u03ce\u03bd \u03ba\u03b1\u03b9 \u03bf\u03b9 \u03b5\u03c5\u03ba\u03b1\u03b9\u03c1\u03af\u03b5\u03c2 \u03b3\u03b9\u03b1 \u03c3\u03c5\u03bd\u03b1\u03bb\u03bb\u03b1\u03b3\u03ad\u03c2 \u03b5\u03af\u03bd\u03b1\u03b9 \u03c0\u03b5\u03c1\u03b9\u03bf\u03c1\u03b9\u03c3\u03bc\u03ad\u03bd\u03b5\u03c2.<\/p>\n\n\n\n<p>\u039c\u03b5 \u03b1\u03c5\u03c4\u03ac \u03c4\u03b1 \u03c0\u03bf\u03bb\u03bb\u03ac \u03c0\u03bb\u03b5\u03bf\u03bd\u03b5\u03ba\u03c4\u03ae\u03bc\u03b1\u03c4\u03b1, \u03bf\u03b9 \u03c8\u03b7\u03c6\u03b9\u03b1\u03ba\u03bf\u03af \u03c4\u03af\u03c4\u03bb\u03bf\u03b9 \u03b2\u03c1\u03af\u03c3\u03ba\u03bf\u03bd\u03c4\u03b1\u03b9 \u03c3\u03b5 \u03c6\u03ac\u03c3\u03b7 \u03b5\u03be\u03ac\u03c0\u03bb\u03c9\u03c3\u03b7\u03c2 \u03ba\u03b1\u03b9 \u03c3\u03c4\u03b7\u03bd \u0399\u03b1\u03c0\u03c9\u03bd\u03af\u03b1.<\/p>\n\n\n\n<p>\u03a0\u03b7\u03b3\u03ae: <a href=\"https:\/\/www.startupandglobalfinancialcity.metro.tokyo.lg.jp\/gfct\/initiatives\/nurturing-players\/fintech\/security-token\" target=\"_blank\" rel=\"noreferrer noopener\">\u0395\u03c0\u03b9\u03c7\u03bf\u03c1\u03ae\u03b3\u03b7\u03c3\u03b7 \u03b3\u03b9\u03b1 \u03c4\u03b7\u03bd \u03a0\u03c1\u03bf\u03ce\u03b8\u03b7\u03c3\u03b7 \u03c4\u03b7\u03c2 \u0391\u03b3\u03bf\u03c1\u03ac\u03c2 \u03a8\u03b7\u03c6\u03b9\u03b1\u03ba\u03ce\u03bd \u03a4\u03af\u03c4\u03bb\u03c9\u03bd (Security Token) \u03c4\u03bf\u03c5 \u03a4\u03cc\u03ba\u03b9\u03bf[ja]<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%CE%97_%CE%A4%CF%81%CE%AD%CF%87%CE%BF%CF%85%CF%83%CE%B1_%CE%9A%CE%B1%CF%84%CE%AC%CF%83%CF%84%CE%B1%CF%83%CE%B7_%CE%BA%CE%B1%CE%B9_%CE%A5%CF%80%CF%8C%CE%B2%CE%B1%CE%B8%CF%81%CE%BF_%CF%84%CE%B7%CF%82_%CE%A1%CF%8D%CE%B8%CE%BC%CE%B9%CF%83%CE%B7%CF%82_%CF%84%CF%89%CE%BD_%CE%A8%CE%B7%CF%86%CE%B9%CE%B1%CE%BA%CF%8E%CE%BD_%CE%91%CE%BE%CE%B9%CF%8E%CE%BD_%CF%83%CF%84%CE%B7%CE%BD_%CE%99%CE%B1%CF%80%CF%89%CE%BD%CE%AF%CE%B1\"><\/span>\u0397 \u03a4\u03c1\u03ad\u03c7\u03bf\u03c5\u03c3\u03b1 \u039a\u03b1\u03c4\u03ac\u03c3\u03c4\u03b1\u03c3\u03b7 \u03ba\u03b1\u03b9 \u03a5\u03c0\u03cc\u03b2\u03b1\u03b8\u03c1\u03bf \u03c4\u03b7\u03c2 \u03a1\u03cd\u03b8\u03bc\u03b9\u03c3\u03b7\u03c2 \u03c4\u03c9\u03bd \u03a8\u03b7\u03c6\u03b9\u03b1\u03ba\u03ce\u03bd \u0391\u03be\u03b9\u03ce\u03bd \u03c3\u03c4\u03b7\u03bd \u0399\u03b1\u03c0\u03c9\u03bd\u03af\u03b1<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>\u038c\u03c0\u03c9\u03c2 \u03ad\u03c7\u03bf\u03c5\u03bc\u03b5 \u03b1\u03bd\u03b1\u03bb\u03cd\u03c3\u03b5\u03b9 \u03bc\u03ad\u03c7\u03c1\u03b9 \u03c4\u03ce\u03c1\u03b1, \u03bf\u03b9 \u03c8\u03b7\u03c6\u03b9\u03b1\u03ba\u03ad\u03c2 \u03b1\u03be\u03af\u03b5\u03c2 \u03b4\u03b9\u03b1\u03b8\u03ad\u03c4\u03bf\u03c5\u03bd \u03c0\u03bf\u03bb\u03bb\u03ac \u03c0\u03bb\u03b5\u03bf\u03bd\u03b5\u03ba\u03c4\u03ae\u03bc\u03b1\u03c4\u03b1, \u03b1\u03bb\u03bb\u03ac \u03b1\u03bd\u03c4\u03b9\u03bc\u03b5\u03c4\u03c9\u03c0\u03af\u03b6\u03bf\u03c5\u03bd \u03b5\u03c0\u03af\u03c3\u03b7\u03c2 \u03b4\u03b9\u03ac\u03c6\u03bf\u03c1\u03b5\u03c2 \u03c0\u03c1\u03bf\u03ba\u03bb\u03ae\u03c3\u03b5\u03b9\u03c2 \u03c3\u03b5 \u03c3\u03c7\u03ad\u03c3\u03b7 \u03bc\u03b5 \u03c4\u03b7 \u03bd\u03bf\u03bc\u03bf\u03b8\u03b5\u03c3\u03af\u03b1.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%CE%A1%CF%85%CE%B8%CE%BC%CE%AF%CF%83%CE%B5%CE%B9%CF%82_%CE%A3%CF%85%CE%BC%CF%80%CE%B5%CF%81%CE%B9%CF%86%CE%BF%CF%81%CE%AC%CF%82_%CF%83%CE%B5_%CE%A3%CF%87%CE%AD%CF%83%CE%B7_%CE%BC%CE%B5_%CF%84%CE%B7%CE%BD_%CE%A0%CF%8E%CE%BB%CE%B7%CF%83%CE%B7_%CE%BA%CE%B1%CE%B9_%CE%A0%CF%81%CE%BF%CF%8E%CE%B8%CE%B7%CF%83%CE%B7_%CF%84%CF%89%CE%BD_%CE%A8%CE%B7%CF%86%CE%B9%CE%B1%CE%BA%CF%8E%CE%BD_%CE%91%CE%BE%CE%B9%CF%8E%CE%BD\"><\/span>\u03a1\u03c5\u03b8\u03bc\u03af\u03c3\u03b5\u03b9\u03c2 \u03a3\u03c5\u03bc\u03c0\u03b5\u03c1\u03b9\u03c6\u03bf\u03c1\u03ac\u03c2 \u03c3\u03b5 \u03a3\u03c7\u03ad\u03c3\u03b7 \u03bc\u03b5 \u03c4\u03b7\u03bd \u03a0\u03ce\u03bb\u03b7\u03c3\u03b7 \u03ba\u03b1\u03b9 \u03a0\u03c1\u03bf\u03ce\u03b8\u03b7\u03c3\u03b7 \u03c4\u03c9\u03bd \u03a8\u03b7\u03c6\u03b9\u03b1\u03ba\u03ce\u03bd \u0391\u03be\u03b9\u03ce\u03bd<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>\u038c\u03c4\u03b1\u03bd \u03bf\u03b9 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\u03c4\u03bf\u03bd \u0399\u03b1\u03c0\u03c9\u03bd\u03b9\u03ba\u03cc \u039d\u03cc\u03bc\u03bf \u03b3\u03b9\u03b1 \u03c4\u03b7\u03bd \u03a0\u03b1\u03c1\u03bf\u03c7\u03ae \u03a7\u03c1\u03b7\u03bc\u03b1\u03c4\u03bf\u03bf\u03b9\u03ba\u03bf\u03bd\u03bf\u03bc\u03b9\u03ba\u03ce\u03bd \u03a5\u03c0\u03b7\u03c1\u03b5\u03c3\u03b9\u03ce\u03bd (\u03c0\u03b1\u03c1&#8217; \u03cc\u03bb\u03b1 \u03b1\u03c5\u03c4\u03ac, \u03c0\u03c1\u03ad\u03c0\u03b5\u03b9 \u03bd\u03b1 \u03bb\u03ac\u03b2\u03bf\u03c5\u03bc\u03b5 \u03c5\u03c0\u03cc\u03c8\u03b7 \u03cc\u03c4\u03b9 \u03c4\u03b1 ST \u03b5\u03af\u03bd\u03b1\u03b9, \u03c3\u03c4\u03b7\u03bd \u03c4\u03c1\u03ad\u03c7\u03bf\u03c5\u03c3\u03b1 \u03ba\u03b1\u03c4\u03ac\u03c3\u03c4\u03b1\u03c3\u03b7, \u03bc\u03b7 \u03b5\u03b9\u03c3\u03b7\u03b3\u03bc\u03ad\u03bd\u03b5\u03c2 \u03b1\u03be\u03af\u03b5\u03c2).<\/p>\n\n\n\n<p>\u0395\u03c0\u03b9\u03c0\u03bb\u03ad\u03bf\u03bd, \u03cc\u03c0\u03c9\u03c2 \u03ba\u03b1\u03b9 \u03bc\u03b5 \u03c4\u03b9\u03c2 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(\u039a\u03b1\u03bd\u03bf\u03bd\u03b9\u03c3\u03bc\u03cc\u03c2 \u03c4\u03bf\u03c5 \u03a5\u03c0\u03bf\u03c5\u03c1\u03b3\u03b5\u03af\u03bf\u03c5 70 \u03ac\u03c1\u03b8\u03c1\u03bf 2 \u03c0\u03b1\u03c1\u03ac\u03b3\u03c1\u03b1\u03c6\u03bf\u03c2 5)<\/p>\n\n\n\n<ul>\n<li>\u03a1\u03c5\u03b8\u03bc\u03af\u03c3\u03b5\u03b9\u03c2 \u0394\u03b9\u03b1\u03c6\u03ae\u03bc\u03b9\u03c3\u03b7\u03c2 \u03ba.\u03bb\u03c0.<\/li>\n<\/ul>\n\n\n\n<p>\u039a\u03b1\u03c4\u03ac \u03c4\u03b7 \u03b4\u03b9\u03b1\u03c6\u03ae\u03bc\u03b9\u03c3\u03b7, \u03c0\u03c1\u03ad\u03c0\u03b5\u03b9 \u03bd\u03b1 \u03b1\u03c0\u03bf\u03c6\u03b5\u03cd\u03b3\u03b5\u03c4\u03b1\u03b9 \u03b7 \u03c0\u03b1\u03c1\u03b1\u03c0\u03bb\u03ac\u03bd\u03b7\u03c3\u03b7 \u03c3\u03c7\u03b5\u03c4\u03b9\u03ba\u03ac \u03bc\u03b5 \u03c4\u03b7 \u03c6\u03cd\u03c3\u03b7 \u03c4\u03c9\u03bd \u03c8\u03b7\u03c6\u03b9\u03b1\u03ba\u03ce\u03bd \u03b1\u03be\u03b9\u03ce\u03bd \u03ba\u03b1\u03b9 \u03c4\u03bf \u03c3\u03cd\u03c3\u03c4\u03b7\u03bc\u03b1 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2).<\/p>\n\n\n\n<p>&nbsp;\u0395\u03c0\u03b9\u03c0\u03bb\u03ad\u03bf\u03bd, \u03bf\u03b9 \u03c8\u03b7\u03c6\u03b9\u03b1\u03ba\u03ad\u03c2 \u03b1\u03be\u03af\u03b5\u03c2 \u03c0\u03bf\u03c5 \u03ad\u03c7\u03bf\u03c5\u03bd \u03c4\u03bf\u03ba\u03b5\u03bd\u03bf\u03c0\u03bf\u03b9\u03b7\u03b8\u03b5\u03af \u03c9\u03c2 \u03b1\u03be\u03af\u03b5\u03c2, \u03c3\u03c5\u03bd\u03ae\u03b8\u03c9\u03c2 \u03c0\u03b1\u03c1\u03ad\u03c7\u03bf\u03c5\u03bd \u03c3\u03c4\u03bf\u03c5\u03c2 \u03b5\u03c0\u03b5\u03bd\u03b4\u03c5\u03c4\u03ad\u03c2 \u03ad\u03bd\u03b1\u03bd \u03b9\u03b4\u03b9\u03c9\u03c4\u03b9\u03ba\u03cc \u03ba\u03bb\u03b5\u03b9\u03b4\u03b1\u03c1\u03b9\u03b8\u03bc\u03cc (\u03bc\u03ad\u03c1\u03bf\u03c2 \u03b5\u03bd\u03cc\u03c2 \u03b6\u03b5\u03cd\u03b3\u03bf\u03c5\u03c2 \u03ba\u03bb\u03b5\u03b9\u03b4\u03b9\u03ce\u03bd \u03c0\u03bf\u03c5 \u03c7\u03c1\u03b7\u03c3\u03b9\u03bc\u03bf\u03c0\u03bf\u03b9\u03b5\u03af\u03c4\u03b1\u03b9 \u03c3\u03c4\u03b7\u03bd 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href=\"https:\/\/www.fsa.go.jp\/singi\/digital\/siryou\/20230606\/2jstoa.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">\u03a3\u03c7\u03b5\u03c4\u03b9\u03ba\u03ac \u03bc\u03b5 \u03c4\u03b7\u03bd \u03a4\u03c1\u03ad\u03c7\u03bf\u03c5\u03c3\u03b1 \u039a\u03b1\u03c4\u03ac\u03c3\u03c4\u03b1\u03c3\u03b7 \u03c4\u03c9\u03bd Security Tokens[ja]<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%CE%9F%CE%B9_%CE%B1%CE%BB%CE%BB%CE%B1%CE%B3%CE%AD%CF%82_%CF%80%CE%BF%CF%85_%CF%86%CE%AD%CF%81%CE%BD%CE%B5%CE%B9_%CE%B7_%CF%87%CE%B1%CE%BB%CE%AC%CF%81%CF%89%CF%83%CE%B7_%CF%84%CF%89%CE%BD_%CE%BA%CE%B1%CE%BD%CE%BF%CE%BD%CE%B9%CF%83%CE%BC%CF%8E%CE%BD_%CF%83%CF%84%CE%B1_%CF%88%CE%B7%CF%86%CE%B9%CE%B1%CE%BA%CE%AC_%CE%BA%CE%B5%CF%86%CE%AC%CE%BB%CE%B1%CE%B9%CE%B1\"><\/span>\u039f\u03b9 \u03b1\u03bb\u03bb\u03b1\u03b3\u03ad\u03c2 \u03c0\u03bf\u03c5 \u03c6\u03ad\u03c1\u03bd\u03b5\u03b9 \u03b7 \u03c7\u03b1\u03bb\u03ac\u03c1\u03c9\u03c3\u03b7 \u03c4\u03c9\u03bd 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\u03b1\u03be\u03b9\u03ce\u03bd \u03b8\u03b1 \u03b1\u03c0\u03bf\u03c4\u03b5\u03bb\u03b5\u03af \u03c0\u03c1\u03bf\u03cb\u03c0\u03cc\u03b8\u03b5\u03c3\u03b7.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%CE%9F%CE%B9_%CE%B1%CE%BD%CE%B1%CE%BC%CE%B5%CE%BD%CF%8C%CE%BC%CE%B5%CE%BD%CE%B5%CF%82_%CE%B5%CF%80%CE%B9%CE%B4%CF%81%CE%AC%CF%83%CE%B5%CE%B9%CF%82_%CE%B1%CF%80%CF%8C_%CF%84%CE%B7_%CF%87%CE%B1%CE%BB%CE%AC%CF%81%CF%89%CF%83%CE%B7_%CF%84%CF%89%CE%BD_%CE%BA%CE%B1%CE%BD%CE%BF%CE%BD%CE%B9%CF%83%CE%BC%CF%8E%CE%BD_%CF%83%CF%84%CE%B1_%CF%88%CE%B7%CF%86%CE%B9%CE%B1%CE%BA%CE%AC_%CE%BA%CE%B5%CF%86%CE%AC%CE%BB%CE%B1%CE%B9%CE%B1\"><\/span>\u039f\u03b9 \u03b1\u03bd\u03b1\u03bc\u03b5\u03bd\u03cc\u03bc\u03b5\u03bd\u03b5\u03c2 \u03b5\u03c0\u03b9\u03b4\u03c1\u03ac\u03c3\u03b5\u03b9\u03c2 \u03b1\u03c0\u03cc \u03c4\u03b7 \u03c7\u03b1\u03bb\u03ac\u03c1\u03c9\u03c3\u03b7 \u03c4\u03c9\u03bd \u03ba\u03b1\u03bd\u03bf\u03bd\u03b9\u03c3\u03bc\u03ce\u03bd \u03c3\u03c4\u03b1 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id=\"%CE%A0%CF%81%CE%BF%CF%8E%CE%B8%CE%B7%CF%83%CE%B7_%CF%84%CE%B7%CF%82_%CE%B1%CE%BD%CE%AC%CF%80%CF%84%CF%85%CE%BE%CE%B7%CF%82_%CF%84%CE%B7%CF%82_%CE%B1%CE%B3%CE%BF%CF%81%CE%AC%CF%82_%CF%88%CE%B7%CF%86%CE%B9%CE%B1%CE%BA%CF%8E%CE%BD_%CE%BA%CE%B5%CF%86%CE%B1%CE%BB%CE%B1%CE%AF%CF%89%CE%BD\"><\/span>\u03a0\u03c1\u03bf\u03ce\u03b8\u03b7\u03c3\u03b7 \u03c4\u03b7\u03c2 \u03b1\u03bd\u03ac\u03c0\u03c4\u03c5\u03be\u03b7\u03c2 \u03c4\u03b7\u03c2 \u03b1\u03b3\u03bf\u03c1\u03ac\u03c2 \u03c8\u03b7\u03c6\u03b9\u03b1\u03ba\u03ce\u03bd \u03ba\u03b5\u03c6\u03b1\u03bb\u03b1\u03af\u03c9\u03bd<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>\u0397 \u03b5\u03b3\u03c7\u03ce\u03c1\u03b9\u03b1 \u03b1\u03b3\u03bf\u03c1\u03ac \u03c8\u03b7\u03c6\u03b9\u03b1\u03ba\u03ce\u03bd \u03ba\u03b5\u03c6\u03b1\u03bb\u03b1\u03af\u03c9\u03bd \u03b2\u03c1\u03af\u03c3\u03ba\u03b5\u03c4\u03b1\u03b9 \u03c3\u03b5 \u03c4\u03ac\u03c3\u03b7 \u03b5\u03c0\u03ad\u03ba\u03c4\u03b1\u03c3\u03b7\u03c2, \u03bc\u03b5 \u03c4\u03bf\u03bd \u03cc\u03b3\u03ba\u03bf \u03c3\u03c5\u03bd\u03b1\u03bb\u03bb\u03b1\u03b3\u03ce\u03bd \u03c4\u03bf 2023 (Heisei 35) \u03bd\u03b1 \u03c6\u03c4\u03ac\u03bd\u03b5\u03b9 \u03c0\u03b5\u03c1\u03af\u03c0\u03bf\u03c5 \u03c4\u03b1 100 \u03b4\u03b9\u03c3\u03b5\u03ba\u03b1\u03c4\u03bf\u03bc\u03bc\u03cd\u03c1\u03b9\u03b1 \u03b3\u03b9\u03b5\u03bd \u03ba\u03b1\u03b9 \u03c4\u03b9\u03c2 \u03c0\u03c1\u03bf\u03b2\u03bb\u03ad\u03c8\u03b5\u03b9\u03c2 \u03b3\u03b9\u03b1 \u03c4\u03bf 2024 (Heisei 36) \u03bd\u03b1 \u03b1\u03bd\u03ad\u03c1\u03c7\u03bf\u03bd\u03c4\u03b1\u03b9 \u03c3\u03b5 170 \u03b4\u03b9\u03c3\u03b5\u03ba\u03b1\u03c4\u03bf\u03bc\u03bc\u03cd\u03c1\u03b9\u03b1 \u03b3\u03b9\u03b5\u03bd, \u03b1\u03bd\u03b1\u03bc\u03ad\u03bd\u03bf\u03bd\u03c4\u03b1\u03c2 \u03c0\u03b5\u03c1\u03b1\u03b9\u03c4\u03ad\u03c1\u03c9 \u03b1\u03bd\u03ac\u03c0\u03c4\u03c5\u03be\u03b7. \u03a9\u03c3\u03c4\u03cc\u03c3\u03bf, \u03bb\u03cc\u03b3\u03c9 \u03c4\u03c9\u03bd 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\u03b1\u03bd\u03b1\u03bc\u03b5\u03bd\u03cc\u03bc\u03b5\u03bd\u03c9\u03bd \u03b5\u03c3\u03cc\u03b4\u03c9\u03bd. \u0391\u03c5\u03c4\u03bf\u03af \u03bf\u03b9 \u03c0\u03b1\u03c1\u03ac\u03b3\u03bf\u03bd\u03c4\u03b5\u03c2 \u03b1\u03c0\u03bf\u03c4\u03b5\u03bb\u03bf\u03cd\u03c3\u03b1\u03bd \u03b5\u03bc\u03c0\u03cc\u03b4\u03b9\u03b1 \u03c3\u03c4\u03b7\u03bd \u03b5\u03c5\u03c1\u03b5\u03af\u03b1 \u03b4\u03b9\u03ac\u03b4\u03bf\u03c3\u03b7 \u03c4\u03c9\u03bd \u03c8\u03b7\u03c6\u03b9\u03b1\u03ba\u03ce\u03bd \u03ba\u03b5\u03c6\u03b1\u03bb\u03b1\u03af\u03c9\u03bd.<\/p>\n\n\n\n<p>\u03a3\u03c4\u03b7 \u03b4\u03b9\u03b1\u03ba\u03af\u03bd\u03b7\u03c3\u03b7 \u03c4\u03c9\u03bd \u03c8\u03b7\u03c6\u03b9\u03b1\u03ba\u03ce\u03bd \u03ba\u03b5\u03c6\u03b1\u03bb\u03b1\u03af\u03c9\u03bd, \u03c0\u03b1\u03c1\u03b1\u03b4\u03bf\u03c3\u03b9\u03b1\u03ba\u03ac \u03b1\u03ba\u03bf\u03bb\u03bf\u03c5\u03b8\u03bf\u03cd\u03bd\u03c4\u03b1\u03bd \u03bc\u03b9\u03b1 \u03c3\u03b5\u03b9\u03c1\u03ac 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\u03b1\u03bd\u03b1\u03bb\u03ac\u03bc\u03b2\u03b1\u03bd\u03b1\u03bd \u03ba\u03b1\u03b9 \u03c0\u03c9\u03bb\u03bf\u03cd\u03c3\u03b1\u03bd \u03b1\u03bd\u03b5\u03be\u03ac\u03c1\u03c4\u03b7\u03c4\u03b5\u03c2 \u03b5\u03c4\u03b1\u03b9\u03c1\u03b5\u03af\u03b5\u03c2 \u03c7\u03c1\u03b7\u03bc\u03b1\u03c4\u03b9\u03c3\u03c4\u03b7\u03c1\u03b9\u03b1\u03ba\u03ce\u03bd \u03b1\u03be\u03b9\u03ce\u03bd. \u03a9\u03c3\u03c4\u03cc\u03c3\u03bf, \u03bc\u03b5 \u03c4\u03b7\u03bd \u03c0\u03c1\u03cc\u03c3\u03c6\u03b1\u03c4\u03b7 \u03c7\u03b1\u03bb\u03ac\u03c1\u03c9\u03c3\u03b7 \u03c4\u03c9\u03bd \u03ba\u03b1\u03bd\u03bf\u03bd\u03b9\u03c3\u03bc\u03ce\u03bd, \u03bf\u03b9 \u03b5\u03c4\u03b1\u03b9\u03c1\u03b5\u03af\u03b5\u03c2 \u03c7\u03c1\u03b7\u03bc\u03b1\u03c4\u03b9\u03c3\u03c4\u03b7\u03c1\u03b9\u03b1\u03ba\u03ce\u03bd \u03b1\u03be\u03b9\u03ce\u03bd \u03c0\u03bf\u03c5 \u03b1\u03bd\u03ae\u03ba\u03bf\u03c5\u03bd \u03c3\u03b5 \u03bf\u03bc\u03af\u03bb\u03bf\u03c5\u03c2 \u03c4\u03c1\u03b1\u03c0\u03b5\u03b6\u03ce\u03bd \u03b5\u03bc\u03c0\u03b9\u03c3\u03c4\u03bf\u03c3\u03cd\u03bd\u03b7\u03c2 \u03b8\u03b1 \u03bc\u03c0\u03bf\u03c1\u03bf\u03cd\u03bd \u03b5\u03c0\u03af\u03c3\u03b7\u03c2 \u03bd\u03b1 \u03b1\u03bd\u03b1\u03bb\u03ac\u03b2\u03bf\u03c5\u03bd \u03ba\u03b1\u03b9 \u03bd\u03b1 \u03c0\u03c9\u03bb\u03ae\u03c3\u03bf\u03c5\u03bd \u03c8\u03b7\u03c6\u03b9\u03b1\u03ba\u03ac \u03ba\u03b5\u03c6\u03ac\u03bb\u03b1\u03b9\u03b1, \u03b1\u03c5\u03be\u03ac\u03bd\u03bf\u03bd\u03c4\u03b1\u03c2 \u03c4\u03bf\u03bd \u03b1\u03c1\u03b9\u03b8\u03bc\u03cc \u03c4\u03c9\u03bd \u03b5\u03ba\u03b4\u03cc\u03c3\u03b5\u03c9\u03bd \u03ba\u03b1\u03b9 \u03c4\u03b7\u03c2 \u03b4\u03b9\u03b1\u03ba\u03af\u03bd\u03b7\u03c3\u03b7\u03c2, \u03c0\u03c1\u03ac\u03b3\u03bc\u03b1 \u03c0\u03bf\u03c5 \u03b1\u03bd\u03b1\u03bc\u03ad\u03bd\u03b5\u03c4\u03b1\u03b9 \u03bd\u03b1 \u03b5\u03bd\u03b8\u03b1\u03c1\u03c1\u03cd\u03bd\u03b5\u03b9 \u03c4\u03b9\u03c2 \u03b5\u03c0\u03b5\u03bd\u03b4\u03c5\u03c4\u03b9\u03ba\u03ad\u03c2 \u03b4\u03c1\u03b1\u03c3\u03c4\u03b7\u03c1\u03b9\u03cc\u03c4\u03b7\u03c4\u03b5\u03c2 \u03c4\u03c9\u03bd \u03b5\u03c0\u03b5\u03bd\u03b4\u03c5\u03c4\u03ce\u03bd.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%CE%A0%CF%81%CE%BF%CF%83%CE%AD%CE%BB%CE%BA%CF%85%CF%83%CE%B7_%CE%B5%CE%B3%CF%87%CF%8E%CF%81%CE%B9%CF%89%CE%BD_%CE%BA%CE%B1%CE%B9_%CE%B4%CE%B9%CE%B5%CE%B8%CE%BD%CF%8E%CE%BD_%CE%B5%CF%80%CE%B5%CE%BD%CE%B4%CF%85%CF%84%CF%8E%CE%BD\"><\/span>\u03a0\u03c1\u03bf\u03c3\u03ad\u03bb\u03ba\u03c5\u03c3\u03b7 \u03b5\u03b3\u03c7\u03ce\u03c1\u03b9\u03c9\u03bd \u03ba\u03b1\u03b9 \u03b4\u03b9\u03b5\u03b8\u03bd\u03ce\u03bd \u03b5\u03c0\u03b5\u03bd\u03b4\u03c5\u03c4\u03ce\u03bd<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>\u039c\u03b5 \u03c4\u03b7 \u03c7\u03b1\u03bb\u03ac\u03c1\u03c9\u03c3\u03b7 \u03c4\u03c9\u03bd \u03ba\u03b1\u03bd\u03bf\u03bd\u03b9\u03c3\u03bc\u03ce\u03bd, \u03b1\u03bd\u03b1\u03bc\u03ad\u03bd\u03b5\u03c4\u03b1\u03b9 \u03cc\u03c4\u03b9 \u03b7 \u03b1\u03cd\u03be\u03b7\u03c3\u03b7 \u03c4\u03bf\u03c5 \u03b1\u03c0\u03cc\u03bb\u03c5\u03c4\u03bf\u03c5 \u03cc\u03b3\u03ba\u03bf\u03c5 \u03c4\u03c9\u03bd \u03c8\u03b7\u03c6\u03b9\u03b1\u03ba\u03ce\u03bd \u03ba\u03b5\u03c6\u03b1\u03bb\u03b1\u03af\u03c9\u03bd \u03c0\u03bf\u03c5 \u03ba\u03c5\u03ba\u03bb\u03bf\u03c6\u03bf\u03c1\u03bf\u03cd\u03bd \u03b5\u03b3\u03c7\u03ce\u03c1\u03b9\u03b1 \u03b8\u03b1 \u03c0\u03c1\u03bf\u03c3\u03c6\u03ad\u03c1\u03b5\u03b9 \u03c3\u03c4\u03bf\u03c5\u03c2 \u03b5\u03c0\u03b5\u03bd\u03b4\u03c5\u03c4\u03ad\u03c2 \u03bc\u03b5\u03b3\u03b1\u03bb\u03cd\u03c4\u03b5\u03c1\u03b7 \u03c0\u03bf\u03b9\u03ba\u03b9\u03bb\u03af\u03b1 \u03b5\u03c0\u03b9\u03bb\u03bf\u03b3\u03ce\u03bd \u03b3\u03b9\u03b1 \u03b5\u03c0\u03b5\u03bd\u03b4\u03cd\u03c3\u03b5\u03b9\u03c2.<\/p>\n\n\n\n<p>\u0395\u03c0\u03b9\u03c0\u03bb\u03ad\u03bf\u03bd, \u03b1\u03c0\u03cc \u03c4\u03b7\u03bd \u03ac\u03c0\u03bf\u03c8\u03b7 \u03c4\u03b7\u03c2 \u03b4\u03b9\u03b1\u03c6\u03bf\u03c1\u03bf\u03c0\u03bf\u03af\u03b7\u03c3\u03b7\u03c2 \u03c4\u03c9\u03bd \u03b5\u03c0\u03b5\u03bd\u03b4\u03cd\u03c3\u03b5\u03c9\u03bd \u03b3\u03b9\u03b1 \u03c4\u03b7 \u03b4\u03b9\u03b1\u03c7\u03b5\u03af\u03c1\u03b9\u03c3\u03b7 \u03c4\u03c9\u03bd \u03ba\u03b9\u03bd\u03b4\u03cd\u03bd\u03c9\u03bd, \u03b7 \u03b1\u03cd\u03be\u03b7\u03c3\u03b7 \u03c4\u03bf\u03c5 \u03b1\u03c1\u03b9\u03b8\u03bc\u03bf\u03cd \u03c4\u03c9\u03bd \u03c0\u03c1\u03bf\u03ca\u03cc\u03bd\u03c4\u03c9\u03bd \u03c8\u03b7\u03c6\u03b9\u03b1\u03ba\u03ce\u03bd \u03ba\u03b5\u03c6\u03b1\u03bb\u03b1\u03af\u03c9\u03bd \u03b1\u03c0\u03bf\u03c4\u03b5\u03bb\u03b5\u03af \u03c3\u03b7\u03bc\u03b1\u03bd\u03c4\u03b9\u03ba\u03cc \u03c0\u03bb\u03b5\u03bf\u03bd\u03ad\u03ba\u03c4\u03b7\u03bc\u03b1 \u03b3\u03b9\u03b1 \u03c4\u03bf\u03c5\u03c2 \u03b5\u03c0\u03b5\u03bd\u03b4\u03c5\u03c4\u03ad\u03c2.<\/p>\n\n\n\n<p>\u0399\u03b4\u03b9\u03b1\u03af\u03c4\u03b5\u03c1\u03b1, \u03c4\u03b1 \u03c8\u03b7\u03c6\u03b9\u03b1\u03ba\u03ac \u03ba\u03b5\u03c6\u03ac\u03bb\u03b1\u03b9\u03b1 \u03c0\u03bf\u03c5 \u03c3\u03c7\u03b5\u03c4\u03af\u03b6\u03bf\u03bd\u03c4\u03b1\u03b9 \u03bc\u03b5 \u03b1\u03ba\u03af\u03bd\u03b7\u03c4\u03b1 \u03c0\u03c1\u03bf\u03c3\u03c6\u03ad\u03c1\u03bf\u03c5\u03bd \u03c4\u03bf \u03c0\u03bb\u03b5\u03bf\u03bd\u03ad\u03ba\u03c4\u03b7\u03bc\u03b1 \u03cc\u03c4\u03b9 \u03bf\u03b9 \u03c4\u03b9\u03bc\u03ad\u03c2 \u03c4\u03bf\u03c5\u03c2 \u03b4\u03b5\u03bd \u03b5\u03c0\u03b7\u03c1\u03b5\u03ac\u03b6\u03bf\u03bd\u03c4\u03b1\u03b9 \u03b5\u03cd\u03ba\u03bf\u03bb\u03b1 \u03b1\u03c0\u03cc \u03c4\u03b9\u03c2 \u03b1\u03b3\u03bf\u03c1\u03b1\u03af\u03b5\u03c2 \u03b4\u03b9\u03b1\u03ba\u03c5\u03bc\u03ac\u03bd\u03c3\u03b5\u03b9\u03c2, \u03c3\u03b5 \u03b1\u03bd\u03c4\u03af\u03b8\u03b5\u03c3\u03b7 \u03bc\u03b5 \u03c4\u03b1 REIT, \u03ba\u03b1\u03b9 \u03b5\u03c0\u03b9\u03c0\u03bb\u03ad\u03bf\u03bd \u03c0\u03c1\u03bf\u03c3\u03c6\u03ad\u03c1\u03bf\u03c5\u03bd \u03c3\u03c4\u03bf\u03c5\u03c2 \u03b5\u03c0\u03b5\u03bd\u03b4\u03c5\u03c4\u03ad\u03c2 \u03ad\u03bd\u03b1 \u03b9\u03c3\u03c7\u03c5\u03c1\u03cc \u03b1\u03af\u03c3\u03b8\u03b7\u03bc\u03b1 \u03b9\u03b4\u03b9\u03bf\u03ba\u03c4\u03b7\u03c3\u03af\u03b1\u03c2, \u03c0\u03c1\u03ac\u03b3\u03bc\u03b1 \u03c0\u03bf\u03c5 \u03b1\u03bd\u03b1\u03bc\u03ad\u03bd\u03b5\u03c4\u03b1\u03b9 \u03bd\u03b1 \u03b5\u03bd\u03b8\u03b1\u03c1\u03c1\u03cd\u03bd\u03b5\u03b9 \u03c4\u03b7\u03bd \u03b5\u03c0\u03b5\u03bd\u03b4\u03c5\u03c4\u03b9\u03ba\u03ae \u03b4\u03c1\u03b1\u03c3\u03c4\u03b7\u03c1\u03b9\u03cc\u03c4\u03b7\u03c4\u03b1.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%CE%A0%CE%B1%CF%81%CE%BF%CF%87%CE%AE_%CE%BD%CE%AD%CF%89%CE%BD_%CE%BC%CE%AD%CF%83%CF%89%CE%BD_%CF%87%CF%81%CE%B7%CE%BC%CE%B1%CF%84%CE%BF%CE%B4%CF%8C%CF%84%CE%B7%CF%83%CE%B7%CF%82\"><\/span>\u03a0\u03b1\u03c1\u03bf\u03c7\u03ae \u03bd\u03ad\u03c9\u03bd \u03bc\u03ad\u03c3\u03c9\u03bd \u03c7\u03c1\u03b7\u03bc\u03b1\u03c4\u03bf\u03b4\u03cc\u03c4\u03b7\u03c3\u03b7\u03c2<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>\u039c\u03b5 \u03c4\u03b7\u03bd \u03c0\u03c1\u03cc\u03c3\u03c6\u03b1\u03c4\u03b7 \u03c7\u03b1\u03bb\u03ac\u03c1\u03c9\u03c3\u03b7 \u03c4\u03c9\u03bd \u03ba\u03b1\u03bd\u03bf\u03bd\u03b9\u03c3\u03bc\u03ce\u03bd, \u03b7 \u03bf\u03bc\u03b1\u03bb\u03ae \u03ad\u03ba\u03b4\u03bf\u03c3\u03b7 \u03ba\u03b1\u03b9 \u03c0\u03ce\u03bb\u03b7\u03c3\u03b7 \u03c8\u03b7\u03c6\u03b9\u03b1\u03ba\u03ce\u03bd \u03ba\u03b5\u03c6\u03b1\u03bb\u03b1\u03af\u03c9\u03bd \u03b8\u03b1 \u03ba\u03b1\u03c4\u03b1\u03c3\u03c4\u03ae\u03c3\u03b5\u03b9 \u03b4\u03c5\u03bd\u03b1\u03c4\u03ae \u03c4\u03b7 \u03c7\u03c1\u03b7\u03bc\u03b1\u03c4\u03bf\u03b4\u03cc\u03c4\u03b7\u03c3\u03b7 \u03bc\u03ad\u03c3\u03c9 \u03c4\u03b7\u03c2 \u03ad\u03ba\u03b4\u03bf\u03c3\u03b7\u03c2 Security Tokens (ST) \u03bc\u03ad\u03c3\u03c9 \u03c4\u03c9\u03bd Security Token Offerings (STO), \u03c0\u03c1\u03bf\u03c3\u03b4\u03bf\u03ba\u03ce\u03bd\u03c4\u03b1\u03c2 \u03bc\u03b9\u03b1 \u03b1\u03bd\u03b1\u03b6\u03c9\u03bf\u03b3\u03cc\u03bd\u03b7\u03c3\u03b7 \u03b1\u03c5\u03c4\u03ae\u03c2 \u03c4\u03b7\u03c2 \u03b4\u03b9\u03b1\u03b4\u03b9\u03ba\u03b1\u03c3\u03af\u03b1\u03c2.<\/p>\n\n\n\n<p>\u03a4\u03b1 Initial Coin Offerings (ICO) \u03c0\u03bf\u03c5 \u03b4\u03b5\u03bd \u03b2\u03b1\u03c3\u03af\u03b6\u03bf\u03bd\u03c4\u03b1\u03b9 \u03c3\u03b5 \u03c5\u03c0\u03bf\u03ba\u03b5\u03af\u03bc\u03b5\u03bd\u03b1 \u03c0\u03b5\u03c1\u03b9\u03bf\u03c5\u03c3\u03b9\u03b1\u03ba\u03ac \u03c3\u03c4\u03bf\u03b9\u03c7\u03b5\u03af\u03b1 \u03ad\u03c7\u03bf\u03c5\u03bd \u03b1\u03bd\u03c4\u03b9\u03bc\u03b5\u03c4\u03c9\u03c0\u03af\u03c3\u03b5\u03b9 \u03c0\u03c1\u03bf\u03b2\u03bb\u03ae\u03bc\u03b1\u03c4\u03b1 \u03cc\u03c0\u03c9\u03c2 \u03b7 \u03b4\u03b9\u03ac\u03b4\u03bf\u03c3\u03b7 \u03b1\u03c0\u03b1\u03c4\u03b7\u03bb\u03ce\u03bd \u03c3\u03c5\u03bd\u03b1\u03bb\u03bb\u03b1\u03b3\u03ce\u03bd. \u0391\u03c0\u03cc \u03c4\u03b7\u03bd \u03ac\u03bb\u03bb\u03b7 \u03c0\u03bb\u03b5\u03c5\u03c1\u03ac, \u03c4\u03b1 Initial Public Offerings (IPO) \u03b1\u03c0\u03b1\u03b9\u03c4\u03bf\u03cd\u03bd \u03c4\u03b7\u03bd \u03b5\u03ba\u03c0\u03bb\u03ae\u03c1\u03c9\u03c3\u03b7 \u03c4\u03c9\u03bd \u03ba\u03c1\u03b9\u03c4\u03b7\u03c1\u03af\u03c9\u03bd \u03b3\u03b9\u03b1 \u03b5\u03b9\u03c3\u03b1\u03b3\u03c9\u03b3\u03ae \u03c3\u03c4\u03bf \u03c7\u03c1\u03b7\u03bc\u03b1\u03c4\u03b9\u03c3\u03c4\u03ae\u03c1\u03b9\u03bf, \u03b4\u03b9\u03b1\u03c4\u03b7\u03c1\u03ce\u03bd\u03c4\u03b1\u03c2 \u03c4\u03b7\u03bd \u03b1\u03c0\u03cc\u03b4\u03bf\u03c3\u03b7 \u03b5\u03bd\u03ce \u03c0\u03b1\u03c1\u03ac\u03bb\u03bb\u03b7\u03bb\u03b1 \u03ba\u03b1\u03c4\u03b1\u03c3\u03ba\u03b5\u03c5\u03ac\u03b6\u03bf\u03c5\u03bd \u03ad\u03bd\u03b1 \u03b5\u03c3\u03c9\u03c4\u03b5\u03c1\u03b9\u03ba\u03cc \u03c3\u03cd\u03c3\u03c4\u03b7\u03bc\u03b1 \u03b4\u03b9\u03b1\u03c7\u03b5\u03af\u03c1\u03b9\u03c3\u03b7\u03c2, \u03ba\u03b1\u03b9 \u03b1\u03c0\u03b1\u03b9\u03c4\u03bf\u03cd\u03bd\u03c4\u03b1\u03b9 \u03b5\u03c0\u03af\u03c3\u03b7\u03c2 \u03c0\u03bf\u03bb\u03cd\u03c0\u03bb\u03bf\u03ba\u03b5\u03c2 \u03ba\u03b1\u03b9 \u03c7\u03c1\u03bf\u03bd\u03bf\u03b2\u03cc\u03c1\u03b5\u03c2 \u03c0\u03c1\u03bf\u03b5\u03c4\u03bf\u03b9\u03bc\u03b1\u03c3\u03af\u03b5\u03c2.<\/p>\n\n\n\n<p>\u03a9\u03c3\u03c4\u03cc\u03c3\u03bf, \u03c4\u03b1 STO \u03b5\u03c0\u03b9\u03c4\u03c1\u03ad\u03c0\u03bf\u03c5\u03bd \u03c4\u03b7 \u03c7\u03c1\u03b7\u03bc\u03b1\u03c4\u03bf\u03b4\u03cc\u03c4\u03b7\u03c3\u03b7 \u03b1\u03ba\u03cc\u03bc\u03b1 \u03ba\u03b1\u03b9 \u03c0\u03c1\u03b9\u03bd \u03b1\u03c0\u03cc \u03c4\u03b7\u03bd \u03ad\u03bd\u03b1\u03c1\u03be\u03b7 \u03c4\u03b7\u03c2 \u03b5\u03c0\u03b9\u03c7\u03b5\u03af\u03c1\u03b7\u03c3\u03b7\u03c2 \u03ae \u03c4\u03b7\u03c2 \u03c5\u03c0\u03b7\u03c1\u03b5\u03c3\u03af\u03b1\u03c2, \u03ba\u03b1\u03b9 \u03b4\u03b5\u03bd \u03b1\u03c0\u03b1\u03b9\u03c4\u03bf\u03cd\u03bd \u03c4\u03cc\u03c3\u03bf \u03c0\u03bf\u03bb\u03bb\u03ac \u03ad\u03b3\u03b3\u03c1\u03b1\u03c6\u03b1 \u03ae \u03c3\u03cd\u03bd\u03b8\u03b5\u03c4\u03b5\u03c2 \u03b4\u03bf\u03bc\u03ad\u03c2 \u03cc\u03c3\u03bf \u03c4\u03b1 IPO, \u03bc\u03b5\u03b9\u03ce\u03bd\u03bf\u03bd\u03c4\u03b1\u03c2 \u03ad\u03c4\u03c3\u03b9 \u03c4\u03bf \u03c6\u03bf\u03c1\u03c4\u03af\u03bf \u03b3\u03b9\u03b1 \u03c4\u03b9\u03c2 \u03b5\u03c0\u03b9\u03c7\u03b5\u03b9\u03c1\u03ae\u03c3\u03b5\u03b9\u03c2.<\/p>\n\n\n\n<p>\u0395\u03c0\u03b9\u03c0\u03bb\u03ad\u03bf\u03bd, \u03b7 \u03b4\u03c5\u03bd\u03b1\u03c4\u03cc\u03c4\u03b7\u03c4\u03b1 \u03c4\u03c9\u03bd \u03b5\u03c0\u03b9\u03c7\u03b5\u03b9\u03c1\u03ae\u03c3\u03b5\u03c9\u03bd \u03bd\u03b1 \u03bc\u03b5\u03c4\u03b1\u03c4\u03c1\u03ad\u03c0\u03bf\u03c5\u03bd \u03b4\u03b9\u03ac\u03c6\u03bf\u03c1\u03b1 \u03c0\u03b5\u03c1\u03b9\u03bf\u03c5\u03c3\u03b9\u03b1\u03ba\u03ac \u03c3\u03c4\u03bf\u03b9\u03c7\u03b5\u03af\u03b1 \u03c3\u03b5 \u03ba\u03b5\u03c6\u03ac\u03bb\u03b1\u03b9\u03b1 \u03ba\u03b1\u03b9 ST \u03b1\u03bd\u03b1\u03bc\u03ad\u03bd\u03b5\u03c4\u03b1\u03b9 \u03bd\u03b1 \u03c0\u03c1\u03bf\u03c3\u03c6\u03ad\u03c1\u03b5\u03b9 \u03c0\u03bf\u03b9\u03ba\u03b9\u03bb\u03af\u03b1 \u03c3\u03c4\u03b1 \u03bc\u03ad\u03c3\u03b1 \u03c7\u03c1\u03b7\u03bc\u03b1\u03c4\u03bf\u03b4\u03cc\u03c4\u03b7\u03c3\u03b7\u03c2.<\/p>\n\n\n\n<p>\u03a3\u03c7\u03b5\u03c4\u03b9\u03ba\u03cc \u03ac\u03c1\u03b8\u03c1\u03bf: <a href=\"https:\/\/monolith.law\/corporate\/sto-securitytoken\" target=\"_blank\" rel=\"noreferrer noopener\">\u03a4\u03b9 \u03b4\u03b9\u03b1\u03c6\u03bf\u03c1\u03ad\u03c2 \u03c5\u03c0\u03ac\u03c1\u03c7\u03bf\u03c5\u03bd \u03bc\u03b5\u03c4\u03b1\u03be\u03cd STO \u03ba\u03b1\u03b9 ICO; \u0395\u03be\u03b7\u03b3\u03bf\u03cd\u03bc\u03b5 \u03c4\u03b7\u03bd \u03ad\u03bd\u03bd\u03bf\u03b9\u03b1 \u03c4\u03c9\u03bd Security Tokens \u03ba\u03b1\u03b9 \u03c4\u03b7 \u03c3\u03b7\u03bc\u03b1\u03c3\u03af\u03b1 \u03c4\u03c9\u03bd STO[ja]<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%CE%97_%CE%A7%CE%B1%CE%BB%CE%AC%CF%81%CF%89%CF%83%CE%B7_%CF%84%CE%B7%CF%82_%CE%A1%CF%8D%CE%B8%CE%BC%CE%B9%CF%83%CE%B7%CF%82_%CF%84%CF%89%CE%BD_%CE%A8%CE%B7%CF%86%CE%B9%CE%B1%CE%BA%CF%8E%CE%BD_%CE%91%CE%BE%CE%B9%CF%8E%CE%BD\"><\/span>\u0397 \u03a7\u03b1\u03bb\u03ac\u03c1\u03c9\u03c3\u03b7 \u03c4\u03b7\u03c2 \u03a1\u03cd\u03b8\u03bc\u03b9\u03c3\u03b7\u03c2 \u03c4\u03c9\u03bd \u03a8\u03b7\u03c6\u03b9\u03b1\u03ba\u03ce\u03bd \u0391\u03be\u03b9\u03ce\u03bd<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%CE%97_%CE%91%CE%BD%CF%84%CE%AF%CE%B4%CF%81%CE%B1%CF%83%CE%B7_%CF%84%CF%89%CE%BD_%CE%A7%CF%81%CE%B7%CE%BC%CE%B1%CF%84%CE%BF%CE%BF%CE%B9%CE%BA%CE%BF%CE%BD%CE%BF%CE%BC%CE%B9%CE%BA%CF%8E%CE%BD_%CE%99%CE%B4%CF%81%CF%85%CE%BC%CE%AC%CF%84%CF%89%CE%BD_%CE%BA%CE%B1%CE%B9_%CF%84%CF%89%CE%BD_%CE%95%CF%80%CE%B9%CF%87%CE%B5%CE%B9%CF%81%CE%AE%CF%83%CE%B5%CF%89%CE%BD\"><\/span>\u0397 \u0391\u03bd\u03c4\u03af\u03b4\u03c1\u03b1\u03c3\u03b7 \u03c4\u03c9\u03bd \u03a7\u03c1\u03b7\u03bc\u03b1\u03c4\u03bf\u03bf\u03b9\u03ba\u03bf\u03bd\u03bf\u03bc\u03b9\u03ba\u03ce\u03bd \u0399\u03b4\u03c1\u03c5\u03bc\u03ac\u03c4\u03c9\u03bd \u03ba\u03b1\u03b9 \u03c4\u03c9\u03bd \u0395\u03c0\u03b9\u03c7\u03b5\u03b9\u03c1\u03ae\u03c3\u03b5\u03c9\u03bd<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>\u03a3\u03c4\u03b7\u03bd \u03b5\u03b3\u03c7\u03ce\u03c1\u03b9\u03b1 \u03b1\u03b3\u03bf\u03c1\u03ac, \u03b7 \u039f\u03bc\u03ac\u03b4\u03b1 SBI \u03ba\u03b1\u03b9 \u03b7 \u039f\u03bc\u03ac\u03b4\u03b1 \u03a7\u03c1\u03b7\u03bc\u03b1\u03c4\u03bf\u03bf\u03b9\u03ba\u03bf\u03bd\u03bf\u03bc\u03b9\u03ba\u03ce\u03bd \u03a5\u03c0\u03b7\u03c1\u03b5\u03c3\u03b9\u03ce\u03bd Mitsui Sumitomo \u03ad\u03c7\u03bf\u03c5\u03bd \u03b5\u03c0\u03b5\u03bd\u03b4\u03cd\u03c3\u03b5\u03b9 \u03c3\u03c4\u03b7\u03bd \u03b9\u03b4\u03b9\u03c9\u03c4\u03b9\u03ba\u03ae \u03b1\u03bd\u03c4\u03b1\u03bb\u03bb\u03b1\u03ba\u03c4\u03b9\u03ba\u03ae \u03c0\u03bb\u03b1\u03c4\u03c6\u03cc\u03c1\u03bc\u03b1 Osaka Digital Exchange (ODX), \u03b7 \u03bf\u03c0\u03bf\u03af\u03b1 \u03ad\u03c7\u03b5\u03b9 \u03be\u03b5\u03ba\u03b9\u03bd\u03ae\u03c3\u03b5\u03b9 \u03c4\u03b7 \u03bb\u03b5\u03b9\u03c4\u03bf\u03c5\u03c1\u03b3\u03af\u03b1 \u03c4\u03bf\u03c5 \u03c3\u03c5\u03c3\u03c4\u03ae\u03bc\u03b1\u03c4\u03bf\u03c2 \u03c3\u03c5\u03bd\u03b1\u03bb\u03bb\u03b1\u03b3\u03ce\u03bd &#8216;START&#8217; \u03ba\u03b1\u03b9 \u03ac\u03c1\u03c7\u03b9\u03c3\u03b5 \u03c4\u03b7\u03bd \u03b1\u03b3\u03bf\u03c1\u03b1\u03c0\u03c9\u03bb\u03b7\u03c3\u03af\u03b1 \u03c8\u03b7\u03c6\u03b9\u03b1\u03ba\u03ce\u03bd \u03b1\u03be\u03b9\u03ce\u03bd \u03c4\u03bf\u03bd \u0394\u03b5\u03ba\u03ad\u03bc\u03b2\u03c1\u03b9\u03bf \u03c4\u03bf\u03c5 Reiwa 5 (2023). \u039c\u03b5 \u03c4\u03b7\u03bd \u03c0\u03c1\u03cc\u03c3\u03c6\u03b1\u03c4\u03b7 \u03c7\u03b1\u03bb\u03ac\u03c1\u03c9\u03c3\u03b7 \u03c4\u03c9\u03bd \u03c1\u03c5\u03b8\u03bc\u03af\u03c3\u03b5\u03c9\u03bd \u03b1\u03c0\u03cc \u03c4\u03b7\u03bd \u0399\u03b1\u03c0\u03c9\u03bd\u03b9\u03ba\u03ae \u0395\u03c0\u03b9\u03c4\u03c1\u03bf\u03c0\u03ae \u03a7\u03c1\u03b7\u03bc\u03b1\u03c4\u03bf\u03bf\u03b9\u03ba\u03bf\u03bd\u03bf\u03bc\u03b9\u03ba\u03ce\u03bd \u03a5\u03c0\u03b7\u03c1\u03b5\u03c3\u03b9\u03ce\u03bd, \u03b1\u03bd\u03b1\u03bc\u03ad\u03bd\u03b5\u03c4\u03b1\u03b9 \u03bd\u03b1 \u03b1\u03c5\u03be\u03b7\u03b8\u03b5\u03af \u03bf \u03cc\u03b3\u03ba\u03bf\u03c2 \u03c4\u03c9\u03bd \u03c3\u03c5\u03bd\u03b1\u03bb\u03bb\u03b1\u03b3\u03ce\u03bd.<\/p>\n\n\n\n<p>\u0395\u03c0\u03b9\u03c0\u03bb\u03ad\u03bf\u03bd, \u03c3\u03c4\u03bf \u03a4\u03cc\u03ba\u03b9\u03bf, \u03c0\u03c1\u03b9\u03bd \u03b1\u03c0\u03cc \u03c4\u03b7 \u03c7\u03b1\u03bb\u03ac\u03c1\u03c9\u03c3\u03b7 \u03c4\u03c9\u03bd \u03c1\u03c5\u03b8\u03bc\u03af\u03c3\u03b5\u03c9\u03bd, \u03ad\u03c7\u03bf\u03c5\u03bd \u03be\u03b5\u03ba\u03b9\u03bd\u03ae\u03c3\u03b5\u03b9 \u03c0\u03c1\u03bf\u03c3\u03ba\u03bb\u03ae\u03c3\u03b5\u03b9\u03c2 \u03b3\u03b9\u03b1 \u03c4\u03b7\u03bd \u03c5\u03c0\u03bf\u03b2\u03bf\u03bb\u03ae \u03c0\u03c1\u03bf\u03c4\u03ac\u03c3\u03b5\u03c9\u03bd \u03b3\u03b9\u03b1 \u03c4\u03b7\u03bd \u03b5\u03c0\u03ad\u03ba\u03c4\u03b1\u03c3\u03b7 \u03c4\u03b7\u03c2 \u03b1\u03b3\u03bf\u03c1\u03ac\u03c2 \u03c8\u03b7\u03c6\u03b9\u03b1\u03ba\u03ce\u03bd \u03b1\u03be\u03b9\u03ce\u03bd \u03ba\u03b1\u03b9 \u03b3\u03b9\u03b1 \u03c4\u03b7\u03bd \u03c0\u03b1\u03c1\u03bf\u03c7\u03ae \u03b5\u03c0\u03b9\u03b4\u03bf\u03c4\u03ae\u03c3\u03b5\u03c9\u03bd, \u03ba\u03b5\u03bd\u03c4\u03c1\u03af\u03b6\u03bf\u03bd\u03c4\u03b1\u03c2 \u03b1\u03ba\u03cc\u03bc\u03b7 \u03c0\u03b5\u03c1\u03b9\u03c3\u03c3\u03cc\u03c4\u03b5\u03c1\u03bf \u03c4\u03bf \u03b5\u03bd\u03b4\u03b9\u03b1\u03c6\u03ad\u03c1\u03bf\u03bd.<\/p>\n\n\n\n<p>\u03a0\u03b7\u03b3\u03ae: <a href=\"https:\/\/www.metro.tokyo.lg.jp\/tosei\/hodohappyo\/press\/2024\/04\/30\/02.html\" target=\"_blank\" rel=\"noreferrer noopener\">\u03a0\u03c1\u03cc\u03c3\u03ba\u03bb\u03b7\u03c3\u03b7 \u0395\u03c0\u03b9\u03c7\u03b5\u03b9\u03c1\u03ae\u03c3\u03b5\u03c9\u03bd \u03b3\u03b9\u03b1 \u03c4\u03b7\u03bd \u0395\u03c0\u03ad\u03ba\u03c4\u03b1\u03c3\u03b7 \u03c4\u03b7\u03c2 \u0391\u03b3\u03bf\u03c1\u03ac\u03c2 \u03a8\u03b7\u03c6\u03b9\u03b1\u03ba\u03ce\u03bd \u0391\u03be\u03b9\u03ce\u03bd \u03c4\u03bf\u03c5 \u03a4\u03cc\u03ba\u03b9\u03bf[ja]<\/a><\/p>\n\n\n\n<p>\u03a0\u03b7\u03b3\u03ae: <a href=\"https:\/\/www.startupandglobalfinancialcity.metro.tokyo.lg.jp\/gfct\/initiatives\/nurturing-players\/fintech\/security-token\" target=\"_blank\" rel=\"noreferrer noopener\">\u0395\u03c0\u03b9\u03b4\u03bf\u03c4\u03ae\u03c3\u03b5\u03b9\u03c2 \u03b3\u03b9\u03b1 \u03c4\u03b7\u03bd \u0395\u03c0\u03ad\u03ba\u03c4\u03b1\u03c3\u03b7 \u03c4\u03b7\u03c2 \u0391\u03b3\u03bf\u03c1\u03ac\u03c2 \u03a8\u03b7\u03c6\u03b9\u03b1\u03ba\u03ce\u03bd \u0391\u03be\u03b9\u03ce\u03bd (Security Tokens) \u03c4\u03bf\u03c5 \u03a4\u03cc\u03ba\u03b9\u03bf[ja]<\/a><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%CE%9F%CE%B9_%CE%9C%CE%B5%CE%BB%CE%BB%CE%BF%CE%BD%CF%84%CE%B9%CE%BA%CE%AD%CF%82_%CE%A4%CE%AC%CF%83%CE%B5%CE%B9%CF%82_%CE%BA%CE%B1%CE%B9_%CE%A0%CF%81%CE%BF%CE%B2%CE%BB%CE%AD%CF%88%CE%B5%CE%B9%CF%82_%CF%84%CE%B7%CF%82_%CE%91%CE%B3%CE%BF%CF%81%CE%AC%CF%82\"><\/span>\u039f\u03b9 \u039c\u03b5\u03bb\u03bb\u03bf\u03bd\u03c4\u03b9\u03ba\u03ad\u03c2 \u03a4\u03ac\u03c3\u03b5\u03b9\u03c2 \u03ba\u03b1\u03b9 \u03a0\u03c1\u03bf\u03b2\u03bb\u03ad\u03c8\u03b5\u03b9\u03c2 \u03c4\u03b7\u03c2 \u0391\u03b3\u03bf\u03c1\u03ac\u03c2<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>\u0397 \u0392\u03bf\u03c3\u03c4\u03ce\u03bd\u03b7\u03c2 \u03a3\u03c5\u03bc\u03b2\u03bf\u03c5\u03bb\u03b5\u03c5\u03c4\u03b9\u03ba\u03ae \u039f\u03bc\u03ac\u03b4\u03b1 \u03ad\u03c7\u03b5\u03b9 \u03b5\u03ba\u03c4\u03b9\u03bc\u03ae\u03c3\u03b5\u03b9 \u03cc\u03c4\u03b9 \u03c4\u03bf \u03c0\u03b1\u03b3\u03ba\u03cc\u03c3\u03bc\u03b9\u03bf \u03c0\u03bf\u03c3\u03cc \u03c4\u03c9\u03bd \u03b5\u03ba\u03b4\u03cc\u03c3\u03b5\u03c9\u03bd \u03c8\u03b7\u03c6\u03b9\u03b1\u03ba\u03ce\u03bd \u03b1\u03be\u03b9\u03ce\u03bd, \u03c4\u03bf \u03bf\u03c0\u03bf\u03af\u03bf \u03ae\u03c4\u03b1\u03bd 310 \u03b4\u03b9\u03c3\u03b5\u03ba\u03b1\u03c4\u03bf\u03bc\u03bc\u03cd\u03c1\u03b9\u03b1 \u03b4\u03bf\u03bb\u03ac\u03c1\u03b9\u03b1 \u03c4\u03bf 2022, \u03b8\u03b1 \u03b1\u03bd\u03ad\u03bb\u03b8\u03b5\u03b9 \u03c3\u03b5 16,1 \u03c4\u03c1\u03b9\u03c3\u03b5\u03ba\u03b1\u03c4\u03bf\u03bc\u03bc\u03cd\u03c1\u03b9\u03b1 \u03b4\u03bf\u03bb\u03ac\u03c1\u03b9\u03b1 \u03ad\u03c9\u03c2 \u03c4\u03bf 2030. \u03a0\u03b1\u03b3\u03ba\u03bf\u03c3\u03bc\u03af\u03c9\u03c2, \u03b1\u03bd\u03b1\u03bc\u03ad\u03bd\u03b5\u03c4\u03b1\u03b9 \u03cc\u03c4\u03b9 \u03b7 \u03b1\u03b3\u03bf\u03c1\u03b1\u03af\u03b1 \u03b1\u03be\u03af\u03b1 \u03c4\u03c9\u03bd \u03c8\u03b7\u03c6\u03b9\u03b1\u03ba\u03ce\u03bd \u03b1\u03be\u03b9\u03ce\u03bd \u03c9\u03c2 \u03b5\u03c0\u03b5\u03bd\u03b4\u03c5\u03c4\u03b9\u03ba\u03cc \u03b1\u03bd\u03c4\u03b9\u03ba\u03b5\u03af\u03bc\u03b5\u03bd\u03bf \u03b8\u03b1 \u03c3\u03c5\u03bd\u03b5\u03c7\u03af\u03c3\u03b5\u03b9 \u03bd\u03b1 \u03b1\u03c5\u03be\u03ac\u03bd\u03b5\u03c4\u03b1\u03b9.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%CE%A3%CF%85%CE%BD%CE%BF%CF%80%CF%84%CE%B9%CE%BA%CE%AC_%CE%91%CE%BD%CE%B1%CE%BC%CE%AD%CE%BD%CE%B5%CF%84%CE%B1%CE%B9_%CE%B4%CE%B9%CE%B5%CF%8D%CF%81%CF%85%CE%BD%CF%83%CE%B7_%CF%84%CE%B7%CF%82_%CE%B1%CE%B3%CE%BF%CF%81%CE%AC%CF%82_%CE%BB%CF%8C%CE%B3%CF%89_%CF%84%CE%B7%CF%82_%CF%87%CE%B1%CE%BB%CE%AC%CF%81%CF%89%CF%83%CE%B7%CF%82_%CF%84%CF%89%CE%BD_%CE%BA%CE%B1%CE%BD%CE%BF%CE%BD%CE%B9%CF%83%CE%BC%CF%8E%CE%BD_%CE%B3%CE%B9%CE%B1_%CF%84%CE%B1_%CF%88%CE%B7%CF%86%CE%B9%CE%B1%CE%BA%CE%AC_%CF%84%CE%AF%CF%84%CE%BB%CE%BF%CF%85%CF%82\"><\/span>\u03a3\u03c5\u03bd\u03bf\u03c0\u03c4\u03b9\u03ba\u03ac: \u0391\u03bd\u03b1\u03bc\u03ad\u03bd\u03b5\u03c4\u03b1\u03b9 \u03b4\u03b9\u03b5\u03cd\u03c1\u03c5\u03bd\u03c3\u03b7 \u03c4\u03b7\u03c2 \u03b1\u03b3\u03bf\u03c1\u03ac\u03c2 \u03bb\u03cc\u03b3\u03c9 \u03c4\u03b7\u03c2 \u03c7\u03b1\u03bb\u03ac\u03c1\u03c9\u03c3\u03b7\u03c2 \u03c4\u03c9\u03bd \u03ba\u03b1\u03bd\u03bf\u03bd\u03b9\u03c3\u03bc\u03ce\u03bd \u03b3\u03b9\u03b1 \u03c4\u03b1 \u03c8\u03b7\u03c6\u03b9\u03b1\u03ba\u03ac \u03c4\u03af\u03c4\u03bb\u03bf\u03c5\u03c2<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>\u03a4\u03b1 \u03ba\u03cd\u03c1\u03b9\u03b1 \u03c3\u03b7\u03bc\u03b5\u03af\u03b1 \u03c4\u03b7\u03c2 \u03c7\u03b1\u03bb\u03ac\u03c1\u03c9\u03c3\u03b7\u03c2 \u03c4\u03c9\u03bd \u03ba\u03b1\u03bd\u03bf\u03bd\u03b9\u03c3\u03bc\u03ce\u03bd \u03c0\u03bf\u03c5 \u03b1\u03bd\u03b1\u03ba\u03bf\u03b9\u03bd\u03ce\u03b8\u03b7\u03ba\u03b1\u03bd \u03b1\u03c0\u03cc \u03c4\u03b7\u03bd \u0399\u03b1\u03c0\u03c9\u03bd\u03b9\u03ba\u03ae \u0395\u03c0\u03bf\u03c0\u03c4\u03b9\u03ba\u03ae \u0391\u03c1\u03c7\u03ae \u039f\u03b9\u03ba\u03bf\u03bd\u03bf\u03bc\u03b9\u03ba\u03ce\u03bd \u03a5\u03c0\u03b7\u03c1\u03b5\u03c3\u03b9\u03ce\u03bd \u03b5\u03af\u03bd\u03b1\u03b9 \u03c4\u03b1 \u03b5\u03be\u03ae\u03c2 \u03b4\u03cd\u03bf:<\/p>\n\n\n\n<ul>\n<li>\u0391\u03c0\u03bb\u03bf\u03c0\u03bf\u03af\u03b7\u03c3\u03b7 \u03c4\u03b7\u03c2 \u03b4\u03b9\u03b1\u03b4\u03b9\u03ba\u03b1\u03c3\u03af\u03b1\u03c2 \u03ad\u03ba\u03b4\u03bf\u03c3\u03b7\u03c2<\/li>\n\n\n\n<li>\u0395\u03bd\u03af\u03c3\u03c7\u03c5\u03c3\u03b7 \u03c4\u03b7\u03c2 \u03c0\u03c1\u03bf\u03c3\u03c4\u03b1\u03c3\u03af\u03b1\u03c2 \u03c4\u03c9\u03bd \u03b5\u03c0\u03b5\u03bd\u03b4\u03c5\u03c4\u03ce\u03bd<\/li>\n<\/ul>\n\n\n\n<p>\u0395\u03b4\u03ce, \u03ad\u03c7\u03bf\u03c5\u03bc\u03b5 \u03c0\u03b1\u03c1\u03bf\u03c5\u03c3\u03b9\u03ac\u03c3\u03b5\u03b9 \u03bc\u03b9\u03b1 \u03b5\u03be\u03ae\u03b3\u03b7\u03c3\u03b7 \u03c4\u03c9\u03bd \u03c8\u03b7\u03c6\u03b9\u03b1\u03ba\u03ce\u03bd \u03c4\u03af\u03c4\u03bb\u03c9\u03bd \u03ba\u03b1\u03b9 \u03c4\u03b7\u03c2 \u03c7\u03b1\u03bb\u03ac\u03c1\u03c9\u03c3\u03b7\u03c2 \u03c4\u03c9\u03bd \u03ba\u03b1\u03bd\u03bf\u03bd\u03b9\u03c3\u03bc\u03ce\u03bd \u03c0\u03bf\u03c5 \u03b1\u03bd\u03b1\u03ba\u03bf\u03b9\u03bd\u03ce\u03b8\u03b7\u03ba\u03b1\u03bd \u03b1\u03c0\u03cc \u03c4\u03b7\u03bd \u0399\u03b1\u03c0\u03c9\u03bd\u03b9\u03ba\u03ae \u0395\u03c0\u03bf\u03c0\u03c4\u03b9\u03ba\u03ae \u0391\u03c1\u03c7\u03ae \u039f\u03b9\u03ba\u03bf\u03bd\u03bf\u03bc\u03b9\u03ba\u03ce\u03bd \u03a5\u03c0\u03b7\u03c1\u03b5\u03c3\u03b9\u03ce\u03bd. \u039b\u03cc\u03b3\u03c9 \u03b1\u03c5\u03c4\u03ae\u03c2 \u03c4\u03b7\u03c2 \u03c7\u03b1\u03bb\u03ac\u03c1\u03c9\u03c3\u03b7\u03c2, \u03b1\u03bd\u03b1\u03bc\u03ad\u03bd\u03b5\u03c4\u03b1\u03b9 \u03cc\u03c4\u03b9 \u03bf \u03b1\u03c1\u03b9\u03b8\u03bc\u03cc\u03c2 \u03c4\u03c9\u03bd \u03c3\u03c5\u03bd\u03b1\u03bb\u03bb\u03b1\u03b3\u03ce\u03bd \u03bc\u03b5 \u03c8\u03b7\u03c6\u03b9\u03b1\u03ba\u03bf\u03cd\u03c2 \u03c4\u03af\u03c4\u03bb\u03bf\u03c5\u03c2 \u03c3\u03c4\u03b7\u03bd \u03b1\u03b3\u03bf\u03c1\u03ac \u03b8\u03b1 \u03b1\u03c5\u03be\u03b7\u03b8\u03b5\u03af \u03c3\u03b7\u03bc\u03b1\u03bd\u03c4\u03b9\u03ba\u03ac \u03c3\u03c4\u03bf \u03bc\u03ad\u03bb\u03bb\u03bf\u03bd.<\/p>\n\n\n\n<p>\u039a\u03b1\u03b8\u03ce\u03c2 \u03b5\u03c0\u03b5\u03ba\u03c4\u03b5\u03af\u03bd\u03bf\u03bd\u03c4\u03b1\u03b9 \u03c4\u03b1 \u03c0\u03c1\u03bf\u03b3\u03c1\u03ac\u03bc\u03bc\u03b1\u03c4\u03b1 \u03b5\u03c0\u03b9\u03b4\u03bf\u03c4\u03ae\u03c3\u03b5\u03c9\u03bd, \u03b5\u03c0\u03b9\u03c7\u03bf\u03c1\u03b7\u03b3\u03ae\u03c3\u03b5\u03c9\u03bd \u03ba\u03b1\u03b9 \u03c5\u03c0\u03bf\u03c3\u03c4\u03ae\u03c1\u03b9\u03be\u03b7\u03c2, \u03b1\u03c0\u03b1\u03b9\u03c4\u03b5\u03af\u03c4\u03b1\u03b9 \u03c0\u03c1\u03bf\u03c3\u03b5\u03ba\u03c4\u03b9\u03ba\u03ae \u03b5\u03be\u03ad\u03c4\u03b1\u03c3\u03b7 \u03b3\u03b9\u03b1 \u03c4\u03bf \u03c0\u03bf\u03b9\u03b5\u03c2 \u03b4\u03b9\u03b1\u03b4\u03b9\u03ba\u03b1\u03c3\u03af\u03b5\u03c2 \u03b5\u03af\u03bd\u03b1\u03b9 \u03b1\u03c0\u03b1\u03c1\u03b1\u03af\u03c4\u03b7\u03c4\u03b5\u03c2.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%CE%9F%CE%B4%CE%B7%CE%B3%CE%AF%CE%B5%CF%82_%CE%B3%CE%B9%CE%B1_%CF%84%CE%B1_%CE%9C%CE%AD%CF%84%CF%81%CE%B1_%CE%B1%CF%80%CF%8C_%CF%84%CE%BF_%CE%94%CE%B9%CE%BA%CE%B7%CE%B3%CE%BF%CF%81%CE%B9%CE%BA%CF%8C_%CE%BC%CE%B1%CF%82_%CE%93%CF%81%CE%B1%CF%86%CE%B5%CE%AF%CE%BF\"><\/span>\u039f\u03b4\u03b7\u03b3\u03af\u03b5\u03c2 \u03b3\u03b9\u03b1 \u03c4\u03b1 \u039c\u03ad\u03c4\u03c1\u03b1 \u03b1\u03c0\u03cc \u03c4\u03bf \u0394\u03b9\u03ba\u03b7\u03b3\u03bf\u03c1\u03b9\u03ba\u03cc \u03bc\u03b1\u03c2 \u0393\u03c1\u03b1\u03c6\u03b5\u03af\u03bf<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>\u03a4\u03bf \u0394\u03b9\u03ba\u03b7\u03b3\u03bf\u03c1\u03b9\u03ba\u03cc \u0393\u03c1\u03b1\u03c6\u03b5\u03af\u03bf Monolith \u03b5\u03af\u03bd\u03b1\u03b9 \u03ad\u03bd\u03b1 \u03b3\u03c1\u03b1\u03c6\u03b5\u03af\u03bf \u03bc\u03b5 \u03c5\u03c8\u03b7\u03bb\u03ae \u03b5\u03be\u03b5\u03b9\u03b4\u03af\u03ba\u03b5\u03c5\u03c3\u03b7 \u03c3\u03c4\u03bf\u03bd \u03c4\u03bf\u03bc\u03ad\u03b1 \u03c4\u03b7\u03c2 \u03c0\u03bb\u03b7\u03c1\u03bf\u03c6\u03bf\u03c1\u03b9\u03ba\u03ae\u03c2, \u03ba\u03b1\u03b9 \u03b5\u03b9\u03b4\u03b9\u03ba\u03cc\u03c4\u03b5\u03c1\u03b1 \u03c3\u03c4\u03bf \u03b4\u03b9\u03b1\u03b4\u03af\u03ba\u03c4\u03c5\u03bf \u03ba\u03b1\u03b9 \u03c4\u03bf \u03b4\u03af\u03ba\u03b1\u03b9\u03bf. \u03a0\u03b1\u03c1\u03ad\u03c7\u03bf\u03c5\u03bc\u03b5 \u03c0\u03bb\u03ae\u03c1\u03b7 \u03c5\u03c0\u03bf\u03c3\u03c4\u03ae\u03c1\u03b9\u03be\u03b7 \u03c3\u03b5 \u03b5\u03c0\u03b9\u03c7\u03b5\u03b9\u03c1\u03ae\u03c3\u03b5\u03b9\u03c2 \u03c0\u03bf\u03c5 \u03b1\u03c3\u03c7\u03bf\u03bb\u03bf\u03cd\u03bd\u03c4\u03b1\u03b9 \u03bc\u03b5 \u03ba\u03c1\u03c5\u03c0\u03c4\u03bf\u03bd\u03bf\u03bc\u03af\u03c3\u03bc\u03b1\u03c4\u03b1 \u03ba\u03b1\u03b9 \u03c4\u03b5\u03c7\u03bd\u03bf\u03bb\u03bf\u03b3\u03af\u03b1 blockchain. \u03a0\u03b1\u03c1\u03b1\u03ba\u03b1\u03bb\u03bf\u03cd\u03bc\u03b5 \u03b4\u03b9\u03b1\u03b2\u03ac\u03c3\u03c4\u03b5 \u03c4\u03b1 \u03c0\u03b1\u03c1\u03b1\u03ba\u03ac\u03c4\u03c9 \u03ac\u03c1\u03b8\u03c1\u03b1 \u03b3\u03b9\u03b1 \u03c0\u03b5\u03c1\u03b9\u03c3\u03c3\u03cc\u03c4\u03b5\u03c1\u03b5\u03c2 \u03bb\u03b5\u03c0\u03c4\u03bf\u03bc\u03ad\u03c1\u03b5\u03b9\u03b5\u03c2.<\/p>\n\n\n\n<p>\u03a4\u03bf\u03bc\u03b5\u03af\u03c2 \u03b5\u03be\u03b5\u03b9\u03b4\u03af\u03ba\u03b5\u03c5\u03c3\u03b7\u03c2 \u03c4\u03bf\u03c5 \u0394\u03b9\u03ba\u03b7\u03b3\u03bf\u03c1\u03b9\u03ba\u03bf\u03cd \u0393\u03c1\u03b1\u03c6\u03b5\u03af\u03bf\u03c5 Monolith: <a href=\"https:\/\/monolith.law\/blockchain\" target=\"_blank\" rel=\"noreferrer noopener\">\u039a\u03c1\u03c5\u03c0\u03c4\u03bf\u03bd\u03bf\u03bc\u03af\u03c3\u03bc\u03b1\u03c4\u03b1 &amp; Blockchain[ja]<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u0391\u03bd\u03b1\u03ba\u03bf\u03b9\u03bd\u03ce\u03b8\u03b7\u03ba\u03b5 \u03b1\u03c0\u03cc \u03c4\u03b7\u03bd \u0399\u03b1\u03c0\u03c9\u03bd\u03b9\u03ba\u03ae \u0395\u03c0\u03b9\u03c4\u03c1\u03bf\u03c0\u03ae \u03a7\u03c1\u03b7\u03bc\u03b1\u03c4\u03bf\u03bf\u03b9\u03ba\u03bf\u03bd\u03bf\u03bc\u03b9\u03ba\u03ce\u03bd (Financial Services Agency) \u03cc\u03c4\u03b9 \u03c4\u03bf\u03bd \u0391\u03cd\u03b3\u03bf\u03c5\u03c3\u03c4\u03bf \u03c4\u03bf\u03c5 \u03ad\u03c4\u03bf\u03c5\u03c2 Reiwa 6 (2024), \u03bf\u03b9 \u03ba\u03b1\u03bd\u03bf\u03bd\u03b9\u03c3\u03bc\u03bf\u03af \u03c0\u03bf\u03c5 \u03b4\u03b9\u03ad\u03c0\u03bf\u03c5\u03bd \u03c4\u03b1 \u03c8\u03b7\u03c6\u03b9\u03b1\u03ba\u03ac \u03b1\u03be\u03b9\u03cc\u03b3\u03c1\u03b1\u03c6\u03b1 (Security Tokens, \u03c0\u03b1\u03c1\u03b1\u03ba\u03ac [&hellip;]<\/p>\n","protected":false},"author":32,"featured_media":76586,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[20,19],"acf":[],"_links":{"self":[{"href":"https:\/\/monolith.law\/el\/wp-json\/wp\/v2\/posts\/75640"}],"collection":[{"href":"https:\/\/monolith.law\/el\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/monolith.law\/el\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/monolith.law\/el\/wp-json\/wp\/v2\/users\/32"}],"replies":[{"embeddable":true,"href":"https:\/\/monolith.law\/el\/wp-json\/wp\/v2\/comments?post=75640"}],"version-history":[{"count":2,"href":"https:\/\/monolith.law\/el\/wp-json\/wp\/v2\/posts\/75640\/revisions"}],"predecessor-version":[{"id":76587,"href":"https:\/\/monolith.law\/el\/wp-json\/wp\/v2\/posts\/75640\/revisions\/76587"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/monolith.law\/el\/wp-json\/wp\/v2\/media\/76586"}],"wp:attachment":[{"href":"https:\/\/monolith.law\/el\/wp-json\/wp\/v2\/media?parent=75640"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/monolith.law\/el\/wp-json\/wp\/v2\/categories?post=75640"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/monolith.law\/el\/wp-json\/wp\/v2\/tags?post=75640"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}