{"id":69649,"date":"2024-11-01T13:40:30","date_gmt":"2024-11-01T04:40:30","guid":{"rendered":"https:\/\/monolith.law\/zh-tw\/?p=69649"},"modified":"2024-11-14T12:03:38","modified_gmt":"2024-11-14T03:03:38","slug":"digital-securities","status":"publish","type":"post","link":"https:\/\/monolith.law\/zh-tw\/it\/digital-securities","title":{"rendered":"\u3010\u4ee4\u548c6\u5e748\u6708(2024)\u3011\u6578\u4f4d\u8b49\u5238(ST)\u898f\u5236\u653e\u5bec \u5176\u5167\u5bb9\u8207\u5f71\u97ff\u89e3\u8aaa"},"content":{"rendered":"\n<p>\u91d1\u878d\u5e81\u5df2\u5ba3\u5e03\uff0c\u9810\u8a08\u65bc\u4ee4\u548c6\u5e74\uff082024\u5e74\uff098\u6708\u5c07\u653e\u5bec\u5c0d\u6578\u4f4d\u8b49\u5238\uff08Security 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href=\"https:\/\/monolith.law\/corporate\/web3-law\" target=\"_blank\" rel=\"noreferrer noopener\">\u95dc\u65bcWeb3\u7684\u6cd5\u5f8b\uff1a\u4e5f\u89e3\u8aaa\u4f01\u696d\u9032\u5165\u8a72\u9818\u57df\u6642\u61c9\u638c\u63e1\u7684\u8981\u9ede[ja]<\/a><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E6%95%B8%E4%BD%8D%E8%AD%89%E5%88%B8%E8%88%87%E5%82%B3%E7%B5%B1%E8%AD%89%E5%88%B8%E6%9C%89%E4%BD%95%E4%B8%8D%E5%90%8C%EF%BC%9F\"><\/span>\u6578\u4f4d\u8b49\u5238\u8207\u50b3\u7d71\u8b49\u5238\u6709\u4f55\u4e0d\u540c\uff1f<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/monolith.law\/wp-content\/uploads\/2024\/08\/7754792bacecaafed2fca2c081c09987.jpg\" alt=\"\u50b3\u7d71\u8b49\u5238\u8207\u6578\u4f4d\u8b49\u5238\u7684\u5dee\u7570\" class=\"wp-image-88708\" 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class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E6%95%B8%E4%BD%8D%E8%AD%89%E5%88%B8%E7%9A%84%E7%89%B9%E9%BB%9E\"><\/span>\u6578\u4f4d\u8b49\u5238\u7684\u7279\u9ede<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>\u6578\u4f4d\u8b49\u5238\u7684\u7279\u9ede\u4e4b\u4e00\uff0c\u5728\u65bc\u80fd\u5920\u9032\u884c\u5c0f\u984d\u5316\u7684\u591a\u6a23\u4ea4\u6613\u3002<\/p>\n\n\n\n<p>\u4f8b\u5982\uff0c\u4e0d\u52d5\u7522\u4e5f\u53ef\u4ee5\u901a\u904e\u6578\u4f4d\u8b49\u5238\u9032\u884c\u4ea4\u6613\u3002\u5728\u4e0d\u52d5\u7522ST\u7684\u6848\u4f8b\u4e2d\uff0c\u5229\u7528\u5340\u584a\u93c8\u6280\u8853\uff0c\u5c07\u5be6\u969b\u4e0a\u7121\u6cd5\u5206\u5272\u7684\u571f\u5730\u6216\u7269\u696d\u8f49\u8b8a\u70ba\u53ef\u4ee5\u9032\u884c\u5c0f\u984d\u8cfc\u8cb7\u7684\u5f62\u5f0f\uff0c\u5f9e\u800c\u5be6\u73fe\u5c0f\u984d\u4ea4\u6613\u3002<\/p>\n\n\n\n<p>\u8207\u80fd\u5920\u9032\u884c\u4e0d\u52d5\u7522\u5c0f\u984d\u73fe\u91d1\u5316\u7684REIT\u76f8\u6bd4\uff0c\u6295\u8cc7\u5c0d\u8c61\u7684\u4e0d\u540c\u662f\u4e00\u500b\u5340\u5225\u9ede\u3002<\/p>\n\n\n\n<p>\u4e0d\u52d5\u7522\u6578\u4f4d\u8b49\u5238\u662f\u6295\u8cc7\u65bc\u55ae\u4e00\u7269\u696d\uff0c\u800cREIT\u5247\u662f\u6295\u8cc7\u65bc\u64c1\u6709\u591a\u500b\u7269\u696d\u7684\u6cd5\u4eba\u7684\u80a1\u4efd\u3002\u56e0\u6b64\uff0c\u6578\u4f4d\u8b49\u5238\u7684\u512a\u52e2\u5728\u65bc\u80fd\u5920\u6295\u8cc7\u65bc\u7279\u5b9a\u7269\u696d\uff0c\u6295\u8cc7\u5c0d\u8c61\u66f4\u52a0\u660e\u78ba\u3002<\/p>\n\n\n\n<p>\u6b64\u5916\uff0c\u50f9\u683c\u8d70\u52e2\u4e5f\u6709\u6240\u4e0d\u540c\u3002\u6578\u4f4d\u8b49\u5238\u7684\u4ea4\u6613\u662f\u57fa\u65bc\u8a55\u4f30\u50f9\u503c\u9032\u884c\u7684\uff0c\u800cREIT\u7684\u50f9\u683c\u5247\u53d7\u80a1\u7968\u5e02\u5834\u52d5\u614b\u7684\u6301\u7e8c\u5f71\u97ff\uff0c\u4e26\u6703\u56e0\u5229\u7387\u8b8a\u52d5\u6216\u5927\u578b\u6295\u8cc7\u8005\u7684\u4ea4\u6613\u800c\u6ce2\u52d5\u3002<\/p>\n\n\n\n<p>\u6d41\u52d5\u6027\u65b9\u9762\u4e5f\u5b58\u5728\u5dee\u7570\u3002\u7531\u65bcREIT\u5728\u80a1\u7968\u5e02\u5834\u4ea4\u6613\uff0c\u56e0\u6b64\u6d41\u52d5\u6027\u8f03\u9ad8\uff0c\u6295\u8cc7\u8005\u76f8\u5c0d\u5bb9\u6613\u8cb7\u8ce3\u3002\u76f8\u53cd\uff0c\u6578\u4f4d\u8b49\u5238\u4e3b\u8981\u901a\u904e\u8b49\u5238\u516c\u53f8\u92b7\u552e\uff0c\u4ea4\u6613\u5834\u5408\u8f03\u70ba\u6709\u9650\u3002<\/p>\n\n\n\n<p>\u6578\u4f4d\u8b49\u5238\u64c1\u6709\u9019\u4e9b\u512a\u52e2\uff0c\u5728\u65e5\u672c\u4e5f\u6b63\u7a4d\u6975\u63a8\u5ee3\u666e\u53ca\u3002<\/p>\n\n\n\n<p>\u53c3\u8003\uff1a<a href=\"https:\/\/www.startupandglobalfinancialcity.metro.tokyo.lg.jp\/gfct\/initiatives\/nurturing-players\/fintech\/security-token\" target=\"_blank\" rel=\"noreferrer noopener\">\u6771\u4eac\u90fd\u6578\u4f4d\u8b49\u5238(\u5b89\u5168\u4ee3\u5e63)\u5e02\u5834\u64f4\u5927\u4fc3\u9032\u4e8b\u696d\u88dc\u52a9\u91d1[ja]<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E6%97%A5%E6%9C%AC%E6%95%B8%E4%BD%8D%E8%AD%89%E5%88%B8%E8%A6%8F%E7%AF%84%E7%9A%84%E7%8F%BE%E7%8B%80%E8%88%87%E8%83%8C%E6%99%AF\"><\/span>\u65e5\u672c\u6578\u4f4d\u8b49\u5238\u898f\u7bc4\u7684\u73fe\u72c0\u8207\u80cc\u666f<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>\u6b63\u5982\u8fc4\u4eca\u70ba\u6b62\u7684\u89e3\u8aaa\uff0c\u6578\u4f4d\u8b49\u5238\u96d6\u7136\u5177\u6709\u8a31\u591a\u512a\u52e2\uff0c\u4f46\u4e5f\u9762\u81e8\u8457\u5404\u7a2e\u6cd5\u5f8b\u898f\u7bc4\u7684\u6311\u6230\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E6%95%B8%E4%BD%8D%E8%AD%89%E5%88%B8%E9%8A%B7%E5%94%AE%E8%88%87%E6%8E%A8%E5%BB%A3%E7%9A%84%E8%A1%8C%E7%82%BA%E8%A6%8F%E7%AF%84%E7%AD%89\"><\/span>\u6578\u4f4d\u8b49\u5238\u92b7\u552e\u8207\u63a8\u5ee3\u7684\u884c\u70ba\u898f\u7bc4\u7b49<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>\u91d1\u878d\u5546\u54c1\u4ea4\u6613\u696d\u8005\u5728\u9032\u884c\u92b7\u552e\u8207\u63a8\u5ee3\u6642\uff0c\u8207\u80a1\u7968\u6216\u516c\u53f8\u50b5\u5238\u7b49\u76f8\u540c\uff0c\u5fc5\u9808\u9075\u5b88\u300a\u65e5\u672c\u91d1\u878d\u5546\u54c1\u4ea4\u6613\u6cd5\u300b\u7684\u884c\u70ba\u898f\u7bc4\u3001\u300a\u72af\u7f6a\u6240\u5f97\u8f49\u79fb\u9632\u6b62\u6cd5\u300b\u7684\u4ea4\u6613\u6642\u78ba\u8a8d\u7fa9\u52d9\uff0c\u4ee5\u53ca\u300a\u91d1\u878d\u670d\u52d9\u63d0\u4f9b\u6cd5\u300b\u4e0a\u7684\u91cd\u8981\u4e8b\u9805\u8aaa\u660e\u7fa9\u52d9\u7b49\uff08\u4f46\u9700\u6ce8\u610f\uff0cST\u76ee\u524d\u70ba\u975e\u4e0a\u5e02\u6709\u50f9\u8b49\u5238\uff09\u3002<\/p>\n\n\n\n<p>\u6b64\u5916\uff0c\u8207\u7b2c\u4e00\u985e\u6709\u50f9\u8b49\u5238\u5982\u80a1\u7968\u6216\u516c\u53f8\u50b5\u5238\u7b49\u76f8\u540c\uff0c\u4ea6\u9700\u9075\u5b88\u300a\u91d1\u878d\u5546\u54c1\u4ea4\u6613\u6cd5\u300b\u7684\u884c\u70ba\u898f\u7bc4\u3001\u300a\u72af\u7f6a\u6240\u5f97\u8f49\u79fb\u9632\u6b62\u6cd5\u300b\u7684\u4ea4\u6613\u6642\u78ba\u8a8d\u7fa9\u52d9\uff0c\u4ee5\u53ca\u300a\u91d1\u878d\u670d\u52d9\u63d0\u4f9b\u6cd5\u300b\u4e0a\u7684\u91cd\u8981\u4e8b\u9805\u8aaa\u660e\u7fa9\u52d9\u3002<\/p>\n\n\n\n<p>\u6578\u4f4d\u8b49\u5238\u9664\u4e86\u9700\u8981\u8aaa\u660e\u6295\u8cc7\u5c0d\u8c61\u5982\u4fe1\u8a17\u53d7\u76ca\u6b0a\u6216\u96c6\u5718\u6295\u8cc7\u8a08\u5283\u6301\u5206\u7b49\u5546\u54c1\u5167\u5bb9\u3001\u6295\u8cc7\u98a8\u96aa\u7b49\uff0c\u7531\u65bc\u5176\u6301\u6709\u65b9\u5f0f\u3001\u8f49\u79fb\u6216\u7d50\u7b97\u7b49\u65b9\u9762\u8207\u5176\u4ed6\u6709\u50f9\u8b49\u5238\u4e0d\u540c\uff0c\u5b58\u5728\u7279\u6b8a\u98a8\u96aa\uff0c\u56e0\u6b64\u53d7\u5230\u56b4\u683c\u7684\u898f\u7bc4\u3002<\/p>\n\n\n\n<ul>\n<li>\u9069\u5408\u6027\u539f\u5247\uff08\u4ea4\u6613\u958b\u59cb\u57fa\u6e96\uff09<\/li>\n<\/ul>\n\n\n\n<p>\u5728\u9032\u884c\u7ba1\u7406\u696d\u52d9\u6642\uff0c\u9700\u516c\u958b\u5206\u5225\u7ba1\u7406\u696d\u52d9\u7b49\u76f8\u95dc\u653f\u7b56\u4e26\u63a1\u53d6\u63aa\u65bd\uff08\u696d\u5e9c\u4ee4\u7b2c70\u689d\u4e4b2\u7b2c5\u9805\uff09\u3002<\/p>\n\n\n\n<ul>\n<li>\u5ee3\u544a\u7b49\u7684\u898f\u7bc4<\/li>\n<\/ul>\n\n\n\n<p>\u5728\u9032\u884c\u5ee3\u544a\u6642\uff0c\u9700\u78ba\u4fdd\u4e0d\u6703\u5c0d\u8655\u7406\u7684\u6578\u4f4d\u8b49\u5238\u6027\u8cea\u6216\u5b58\u5132\u3001\u8f49\u79fb\u6a5f\u5236\u7522\u751f\u8aa4\u89e3\uff08\u540c\u7b2c78\u689d\uff09\u3002<\/p>\n\n\n\n<ul>\n<li>\u6578\u4f4d\u8b49\u5238\u6982\u8981\u7684\u8aaa\u660e\uff08\u5408\u7d04\u7de0\u7d50\u524d\u4ea4\u4ed8\u6587\u4ef6\uff09<\/li>\n<\/ul>\n\n\n\n<p>\u5728\u6578\u4f4d\u8b49\u5238\u8cb7\u8ce3\u7b49\u4ea4\u6613\u4e2d\uff0c\u63d0\u4f9b\u5408\u7d04\u7de0\u7d50\u524d\u4ea4\u4ed8\u6587\u4ef6\u6642\uff0c\u9700\u5c0d\u6578\u4f4d\u8b49\u5238\u7684\u6027\u8cea\u9032\u884c\u6ce8\u610f\u559a\u8d77\uff08\u540c\u7b2c83\u689d\uff09\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E6%95%B8%E4%BD%8D%E8%AD%89%E5%88%B8%E5%88%86%E5%88%A5%E7%AE%A1%E7%90%86%E7%9A%84%E5%BE%B9%E5%BA%95%E7%AD%89\"><\/span>\u6578\u4f4d\u8b49\u5238\u5206\u5225\u7ba1\u7406\u7684\u5fb9\u5e95\u7b49<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>\u9996\u5148\uff0c\u5c0d\u65bc\u8655\u7406\u6578\u4f4d\u8b49\u5238\u7684\u91d1\u878d\u5546\u54c1\u4ea4\u6613\u696d\u8005\u7b49\uff0c\u8981\u6c42\u5176\u5fb9\u5e95\u5206\u5225\u7ba1\u7406\u4e26\u5c0d\u6d41\u51fa\u98a8\u96aa\u63a1\u53d6\u5c0d\u61c9\u63aa\u65bd\u3002<\/p>\n\n\n\n<p>\u300c\u91d1\u878d\u5546\u54c1\u4ea4\u6613\u696d\u8005\u5728\u63a5\u53d7\u5ba2\u6236\u6709\u50f9\u8b49\u5238\u53ca\u91d1\u9322\u7684\u8a17\u7ba1\u6642\uff0c\u5fc5\u9808\u4ee5\u78ba\u5be6\u4e14\u6709\u689d\u7406\u7684\u7ba1\u7406\u65b9\u6cd5\uff0c\u5c07\u8a72\u6709\u50f9\u8b49\u5238\u7b49\u8207\u81ea\u5df1\u7684\u56fa\u6709\u8ca1\u7522\u5206\u5225\u7ba1\u7406\u300d\uff08\u300a\u91d1\u878d\u5546\u54c1\u4ea4\u6613\u6cd5\u300b\u7b2c43\u689d\u4e4b2\uff09\u3002<\/p>\n\n\n\n<p>\u6b64\u5916\uff0c\u4f5c\u70ba\u6578\u4f4d\u8b49\u5238\u7684\u4ee3\u5e63\u5316\u6709\u50f9\u8b49\u5238\uff0c\u6295\u8cc7\u8005\u901a\u5e38\u6703\u88ab\u8ce6\u4e88\u9032\u884c\u4ee3\u5e63\u8f49\u79fb\u7b49\u6240\u9700\u7684\u79d8\u5bc6\u9470\u5319\uff08\u516c\u958b\u9470\u5319\u52a0\u5bc6\u65b9\u5f0f\u4e2d\uff0c\u4e0d\u516c\u958b\u7684\u4e00\u5c0d\u9470\u5319\uff09\u3002\u91d1\u878d\u5546\u54c1\u4ea4\u6613\u696d\u8005\u5728\u63a5\u53d7\u6578\u4f4d\u8b49\u5238\u8a17\u7ba1\u6642\uff0c\u70ba\u907f\u514d\u79d8\u5bc6\u9470\u5319\u6d41\u5411\u7b2c\u4e09\u65b9\uff0c\u901a\u5e38\u6703\u63a5\u53d7\u6295\u8cc7\u8005\u7684\u79d8\u5bc6\u9470\u5319\u8a17\u7ba1\uff0c\u4e26\u6839\u64da\u6cd5\u5f8b\u898f\u7bc4\u548c\u516c\u53f8\u5167\u90e8\u898f\u7a0b\uff0c\u5c07\u5176\u8207\u81ea\u5df1\u7684\u56fa\u6709\u8ca1\u7522\u7b49\u5206\u5225\u7ba1\u7406\u3002<\/p>\n\n\n\n<p>\u5728\u9019\u7a2e\u60c5\u6cc1\u4e0b\uff0c\u300c\u5fc5\u9808\u63a1\u53d6\u6280\u8853\u5b89\u5168\u7ba1\u7406\u63aa\u65bd\uff0c\u5c07\u986f\u793a\u5ba2\u6236\u6709\u50f9\u8b49\u5238\u7684\u96fb\u5b50\u8a18\u9304\u79fb\u8f49\u6709\u50f9\u8b49\u5238\u8868\u793a\u6b0a\u5229\u7b49\u6240\u9700\u7684\u4fe1\u606f\uff0c\u8a18\u9304\u5728\u5e38\u6642\u4e0d\u9023\u63a5\u4e92\u806f\u7db2\u7684\u96fb\u5b50\u8a2d\u5099\u3001\u96fb\u78c1\u8a18\u9304\u5a92\u9ad4\u6216\u5176\u4ed6\u8a18\u9304\u5a92\u9ad4\uff3b\u5373\u6240\u8b02\u7684\u51b7\u9322\u5305\uff3d\u4e0a\u300d\u9032\u884c\u5206\u5225\u7ba1\u7406\uff08\u300a\u91d1\u878d\u5546\u54c1\u4ea4\u6613\u696d\u8005\u7b49\u76f8\u95dc\u5167\u95a3\u5e9c\u4ee4\u300b\u7b2c136\u689d\u7b2c1\u9805\u7b2c5\u865f\uff09\u3002<\/p>\n\n\n\n<p>\u53c3\u8003\uff1a<a href=\"https:\/\/www.fsa.go.jp\/singi\/digital\/siryou\/20230606\/2jstoa.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">\u95dc\u65bc\u5b89\u5168\u4ee3\u5e63\u7684\u73fe\u72c0\u7b49\u8cc7\u6599[ja]<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E6%95%B8%E4%BD%8D%E8%AD%89%E5%88%B8%E7%9B%A3%E7%AE%A1%E6%94%BE%E5%AF%AC%E5%B0%87%E5%B8%B6%E4%BE%86%E7%9A%84%E8%AE%8A%E5%8C%96\"><\/span>\u6578\u4f4d\u8b49\u5238\u76e3\u7ba1\u653e\u5bec\u5c07\u5e36\u4f86\u7684\u8b8a\u5316<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/monolith.law\/wp-content\/uploads\/2024\/08\/9d58bb34f36e44857a5481c8c2868678.jpg\" alt=\"\u76e3\u7ba1\u653e\u5bec\u5c07\u5e36\u4f86\u7684\u8b8a\u5316\" class=\"wp-image-88709\" 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class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E6%95%B8%E4%BD%8D%E8%AD%89%E5%88%B8%E7%9B%A3%E7%AE%A1%E6%94%BE%E5%AF%AC%E6%89%80%E6%9C%9F%E5%BE%85%E7%9A%84%E6%95%88%E6%9E%9C\"><\/span>\u6578\u4f4d\u8b49\u5238\u76e3\u7ba1\u653e\u5bec\u6240\u671f\u5f85\u7684\u6548\u679c<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/monolith.law\/wp-content\/uploads\/2024\/08\/a3981a5c40b1d62b825ddbde365be345.jpg\" alt=\"\u76e3\u7ba1\u653e\u5bec\u6240\u671f\u5f85\u7684\u6548\u679c\" class=\"wp-image-88711\" \/><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E4%BF%83%E9%80%B2%E6%95%B8%E4%BD%8D%E8%AD%89%E5%88%B8%E5%B8%82%E5%A0%B4%E7%9A%84%E6%88%90%E9%95%B7\"><\/span>\u4fc3\u9032\u6578\u4f4d\u8b49\u5238\u5e02\u5834\u7684\u6210\u9577<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>\u570b\u5167\u6578\u4f4d\u8b49\u5238\u5e02\u5834\u6b63\u8655\u65bc\u64f4\u5f35\u8da8\u52e2\uff0c2023\u5e74\u7684\u4ea4\u6613\u984d\u9810\u8a08\u5c07\u9054\u5230\u7d041000\u5104\u65e5\u5143\uff0c\u4e26\u6709\u671b\u57282024\u5e74\u589e\u81f31700\u5104\u65e5\u5143\uff0c\u672a\u4f86\u7684\u6210\u9577\u6f5b\u529b\u5099\u53d7\u671f\u5f85\u3002\u7136\u800c\uff0c\u53d7\u5230\u91d1\u878d\u5546\u54c1\u4ea4\u6613\u6cd5\u7b49\u76e3\u7ba1\u9650\u5236\uff0c\u80fd\u5920\u8655\u7406\u6578\u4f4d\u8b49\u5238\u7684\u8b49\u5238\u516c\u53f8\u6578\u91cf\u6709\u9650\uff0c\u672a\u80fd\u78ba\u4fdd\u5145\u8db3\u7684\u6d41\u901a\u6e20\u9053\uff0c\u4e14\u7121\u6cd5\u4e00\u7ad9\u5f0f\u5730\u5f9e\u767c\u884c\u5230\u92b7\u552e\uff0c\u9019\u4f7f\u5f97\u4f5c\u70ba\u767c\u884c\u4e3b\u9ad4\u7684\u516c\u53f8\u96e3\u4ee5\u5177\u9ad4\u9810\u6e2c\u9810\u671f\u6536\u76ca\uff0c\u9019\u4e9b\u56e0\u7d20\u4e00\u76f4\u963b\u7919\u8457\u6578\u4f4d\u8b49\u5238\u7684\u666e\u53ca\u3002<\/p>\n\n\n\n<p>\u5728\u6578\u4f4d\u8b49\u5238\u6d41\u901a\u65b9\u9762\uff0c\u50b3\u7d71\u4e0a\u8cc7\u7522\u7ba1\u7406\u516c\u53f8\u6301\u6709\u7684\u4e0d\u52d5\u7522\u6703\u7531\u4fe1\u8a17\u9280\u884c\u9032\u884c\u5c0f\u984d\u5316\u5f8c\u7d44\u6210\u6578\u4f4d\u8b49\u5238\uff0c\u518d\u7531\u8207\u4e4b\u7121\u8cc7\u672c\u95dc\u4fc2\u7684\u8b49\u5238\u516c\u53f8\u627f\u63a5\u4e26\u8ca0\u8cac\u92b7\u552e\u3002\u7136\u800c\uff0c\u96a8\u8457\u6b64\u6b21\u76e3\u7ba1\u653e\u5bec\uff0c\u4fe1\u8a17\u9280\u884c\u7684\u96c6\u5718\u516c\u53f8\u8b49\u5238\u516c\u53f8\u4e5f\u80fd\u5920\u627f\u63a5\u92b7\u552e\uff0c\u9019\u5c07\u589e\u52a0\u6578\u4f4d\u8b49\u5238\u7684\u767c\u884c\u91cf\u548c\u6d41\u901a\u91cf\uff0c\u5f9e\u800c\u4fc3\u9032\u6295\u8cc7\u8005\u7684\u6295\u8cc7\u6d3b\u52d5\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E5%90%B8%E5%BC%95%E5%9C%8B%E5%85%A7%E5%A4%96%E6%8A%95%E8%B3%87%E8%80%85\"><\/span>\u5438\u5f15\u570b\u5167\u5916\u6295\u8cc7\u8005<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>\u76e3\u7ba1\u653e\u5bec\u5c07\u589e\u52a0\u570b\u5167\u6d41\u901a\u7684\u6578\u4f4d\u8b49\u5238\u7e3d\u91cf\uff0c\u9810\u8a08\u5c07\u70ba\u6295\u8cc7\u8005\u63d0\u4f9b\u66f4\u591a\u7684\u6295\u8cc7\u9078\u64c7\u3002<\/p>\n\n\n\n<p>\u6b64\u5916\uff0c\u5f9e\u5206\u6563\u6295\u8cc7\u98a8\u96aa\u7684\u89d2\u5ea6\u4f86\u770b\uff0c\u6578\u4f4d\u8b49\u5238\u7522\u54c1\u6578\u91cf\u7684\u589e\u52a0\u5c0d\u6295\u8cc7\u8005\u4f86\u8aaa\u662f\u4e00\u5927\u5229\u597d\u3002<\/p>\n\n\n\n<p>\u7279\u5225\u662f\uff0c\u8207REIT\u4e0d\u540c\uff0c\u6578\u4f4d\u8b49\u5238\u5728\u50f9\u683c\u4e0a\u4e0d\u6613\u53d7\u5e02\u5834\u5f71\u97ff\uff0c\u4e14\u6295\u8cc7\u8005\u80fd\u5920\u5f37\u70c8\u611f\u53d7\u5230\u5be6\u969b\u64c1\u6709\u7684\u6240\u6709\u6b0a\uff0c\u9019\u4e9b\u90fd\u662f\u5c0d\u6295\u8cc7\u8005\u5177\u6709\u5de8\u5927\u5438\u5f15\u529b\u7684\u7279\u9ede\uff0c\u9810\u8a08\u5c07\u4fc3\u9032\u6295\u8cc7\u6d3b\u52d5\u3002<\/p>\n\n\n\n<h3 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Offering\uff09\u5247\u8981\u6c42\u4f01\u696d\u5728\u6eff\u8db3\u8b49\u5238\u4ea4\u6613\u6240\u4e0a\u5e02\u6a19\u6e96\u7684\u540c\u6642\uff0c\u7dad\u6301\u696d\u7e3e\u4e26\u5efa\u7acb\u5167\u90e8\u7ba1\u7406\u9ad4\u7cfb\uff0c\u4e14\u9700\u8981\u6e96\u5099\u5927\u91cf\u7533\u8acb\u6587\u4ef6\uff0c\u7c4c\u5099\u5de5\u4f5c\u53ef\u80fd\u9700\u6642\u6578\u5e74\uff0c\u4f7f\u5f97\u7c4c\u8cc7\u904e\u7a0b\u8b8a\u5f97\u8907\u96dc\u4e14\u56f0\u96e3\u3002<\/p>\n\n\n\n<p>\u7136\u800c\uff0cSTO\u5373\u4f7f\u5728\u696d\u52d9\u6216\u670d\u52d9\u958b\u59cb\u524d\u4e5f\u80fd\u7c4c\u96c6\u8cc7\u91d1\uff0c\u4e14\u4e0d\u50cfIPO\u90a3\u6a23\u8981\u6c42\u5927\u91cf\u6587\u4ef6\u548c\u9ad4\u7cfb\uff0c\u56e0\u6b64\u5c0d\u4f01\u696d\u4f86\u8aaa\u8ca0\u64d4\u8f03\u8f15\u3002<\/p>\n\n\n\n<p>\u6b64\u5916\uff0c\u4f01\u696d\u53ef\u4ee5\u901a\u904e\u8b49\u5238\u5316\u6216ST\u5316\u5176\u6301\u6709\u7684\u5404\u7a2e\u8cc7\u7522\uff0c\u5f9e\u800c\u5be6\u73fe\u8cc7\u91d1\u7c4c\u96c6\u624b\u6bb5\u7684\u591a\u6a23\u5316\u3002<\/p>\n\n\n\n<p>\u76f8\u95dc\u6587\u7ae0\uff1a<a href=\"https:\/\/monolith.law\/corporate\/sto-securitytoken\" target=\"_blank\" rel=\"noreferrer noopener\">STO\u8207ICO\u7684\u5340\u5225\u662f\u4ec0\u9ebc\uff1f\u95dc\u65bc\u5b89\u5168\u4ee3\u5e63\u7684\u6982\u5ff5\u53caSTO\u7684\u610f\u7fa9\u9032\u884c\u89e3\u8aaa[ja]<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E6%95%B8%E4%BD%8D%E8%AD%89%E5%88%B8%E7%9B%A3%E7%AE%A1%E9%AC%86%E7%B6%81%E5%8B%95%E5%90%91\"><\/span>\u6578\u4f4d\u8b49\u5238\u76e3\u7ba1\u9b06\u7d81\u52d5\u5411<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E9%87%91%E8%9E%8D%E6%A9%9F%E6%A7%8B%E8%88%87%E4%BC%81%E6%A5%AD%E7%9A%84%E5%8F%8D%E6%87%89\"><\/span>\u91d1\u878d\u6a5f\u69cb\u8207\u4f01\u696d\u7684\u53cd\u61c9<span 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href=\"https:\/\/www.metro.tokyo.lg.jp\/tosei\/hodohappyo\/press\/2024\/04\/30\/02.html\" target=\"_blank\" rel=\"noreferrer noopener\">\u6771\u4eac\u90fd\u300c\u6578\u4f4d\u8b49\u5238\u5e02\u5834\u64f4\u5927\u4fc3\u9032\u4e8b\u696d\u52df\u96c6\u300d[ja]<\/a><\/p>\n\n\n\n<p>\u53c3\u8003\uff1a<a href=\"https:\/\/www.startupandglobalfinancialcity.metro.tokyo.lg.jp\/gfct\/initiatives\/nurturing-players\/fintech\/security-token\" target=\"_blank\" rel=\"noreferrer noopener\">\u6771\u4eac\u90fd\u300c\u6578\u4f4d\u8b49\u5238\uff08\u5b89\u5168\u4ee3\u5e63\uff09\u5e02\u5834\u64f4\u5927\u4fc3\u9032\u4e8b\u696d\u88dc\u52a9\u91d1\u300d[ja]<\/a><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E6%9C%AA%E4%BE%86%E5%B8%82%E5%A0%B4%E8%B6%A8%E5%8B%A2%E8%88%87%E9%A0%90%E6%B8%AC\"><\/span>\u672a\u4f86\u5e02\u5834\u8da8\u52e2\u8207\u9810\u6e2c<span 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class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E6%9C%AC%E6%89%80%E6%8F%90%E4%BE%9B%E7%9A%84%E5%B0%8D%E7%AD%96%E4%BB%8B%E7%B4%B9\"><\/span>\u672c\u6240\u63d0\u4f9b\u7684\u5c0d\u7b56\u4ecb\u7d39<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Monolith\u6cd5\u5f8b\u4e8b\u52d9\u6240\u662f\u4e00\u5bb6\u5728IT\u9818\u57df\uff0c\u7279\u5225\u662f\u4e92\u806f\u7db2\u548c\u6cd5\u5f8b\u5169\u65b9\u9762\u90fd\u5177\u6709\u9ad8\u5ea6\u5c08\u696d\u6027\u7684\u6cd5\u5f8b\u4e8b\u52d9\u6240\u3002\u672c\u6240\u70ba\u6d89\u53ca\u52a0\u5bc6\u8cc7\u7522\u548c\u5340\u584a\u93c8\u7684\u696d\u52d9\u63d0\u4f9b\u5168\u9762\u7684\u652f\u6301\u3002\u8a73\u7d30\u5167\u5bb9\u8acb\u53c3\u95b1\u4e0b\u6587\u3002<\/p>\n\n\n\n<p>Monolith\u6cd5\u5f8b\u4e8b\u52d9\u6240\u7684\u696d\u52d9\u7bc4\u570d\uff1a<a href=\"https:\/\/monolith.law\/blockchain\" target=\"_blank\" rel=\"noreferrer 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[&hellip;]<\/p>\n","protected":false},"author":32,"featured_media":71504,"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\/zh-tw\/wp-json\/wp\/v2\/posts\/69649"}],"collection":[{"href":"https:\/\/monolith.law\/zh-tw\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/monolith.law\/zh-tw\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/monolith.law\/zh-tw\/wp-json\/wp\/v2\/users\/32"}],"replies":[{"embeddable":true,"href":"https:\/\/monolith.law\/zh-tw\/wp-json\/wp\/v2\/comments?post=69649"}],"version-history":[{"count":2,"href":"https:\/\/monolith.law\/zh-tw\/wp-json\/wp\/v2\/posts\/69649\/revisions"}],"predecessor-version":[{"id":71505,"href":"https:\/\/monolith.law\/zh-tw\/wp-json\/wp\/v2\/posts\/69649\/revisions\/71505"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/monolith.law\/zh-tw\/wp-json\/wp\/v2\/media\/71504"}],"wp:attachment":[{"href":"https:\/\/monolith.law\/zh-tw\/wp-json\/wp\/v2\/media?parent=69649"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/monolith.law\/zh-tw\/wp-json\/wp\/v2\/categories?post=69649"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/monolith.law\/zh-tw\/wp-json\/wp\/v2\/tags?post=69649"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}