Companies that is designed to ensure publicly listed companies can hold general meetings of shareholders virtually, which is one of the advantages of Fisco listing in Japan.
With smart contracts driving the voting process, the ambition is to enable these events to be held over video conferencing services, with smart contracts driving the voting process
Also, with a dedicated token as a medium of exchange. They’ll be able to pay for these services using Japanese yen or FSCC tokens, with exchange of FISCO’s group enabling effortless transfers between fiat and crypto, over time, it’s hoped that a number of publicly listed corporations will use this technology to deliver benefits to their shareholders.
Rather than an opaque operator helps it stand out in Japan, where only a few crypto assets are traded, FISCO says the fact that FSCC is managed by a publicly traded company.
Japan has been one of the more forward-thinking countries in Asia, when it comes to innovation in crypto regulation, Now, more than 20 crypto exchanges have been approved for operation by the country’s Financial Services Agency — and a number of self-regulatory organizations also serve as a watchdog in the digital assets space. The cryptocurrency exchange, mentioned above, is one of them and FSCC has been approved to be listed there.
According to the company, FSCC is one of the rare tokens that has access to the Japanese market and its investors.
FSCC intends to expand internationally in the future — and for this reason, the company plans to list FSCC on several overseas exchanges, as well as in Japan. It also intends to hold a global public offering for its business.
FISCO also wants to achieve DeFi-like mechanisms within Japan’s current framework of regulations.
The company says the crypto industry has struggled to achieve commercialization because of legal and regulatory issues — but wants to overcome this through transparency and decentralization.
FISCO acknowledges that its pursuit of decentralization could cause challenges — especially in Japan — not least in terms of taxation on profits and how they would be distributed among investors.