Tokyo Exchange, Inc. (TSE) will launch “Crednex”, a new platform that supports the creation and redemption businesses supported by the Stock Exchange (ETF) on September 29, 2025.
Crednex will review the current ETF redemption platform provided by Japan Securities Clearing Corporation (JSCC), allowing automation and acceleration of ETF and redemption work. This is expected to further enhance the stability and liquidity of the EIE market.
Crednex provides immediate connectivity between user systems and Crednex, along with automated features to verify creation and redemption applications. This significantly reduces manual functions, allowing a drastic reduction in traditional creation and redemption work- which previously took minutes- in a matter of seconds. This allows the rapid creation and redemption even during periods when the liquidity is currently difficult, as shortly before the end of transactions.
This allows for liquidity providers to offer prices and facilitates stable trading throughout the transactions.
Crednex not only improves the processes of creation and redemption, but through these improvements, allows for a steady liquidity supply as described above. This creates an environment where investors can buy and sell ETF closer to their fair price than ever.
As the first step towards optimizing the entire EIE market, TSE focused on reforming the highly workers’ creation and redemption. The introduction of Crednex allows liquidity providers to offer excerpts for longer periods and with greater stability, while reducing the operational burden on asset administrators. This makes the list of the EYE’s biggest problems more feasible, creating a fixed foundation for market expansion.