Toyota Finance, the consumer-credit arm tied to Toyota Motor, is going back to the same well: a second bond recorded entirely on a blockchain ledger, sold directly to retail investors, with track-day tickets and a Lexus test drive standing in for extra yield.
The filing, dated August 18, 2026, covers a ¥1,000 million (¥1bn) offering of the "Second Unsecured Security Token Bond," a name that refers to Toyota Finance's earlier tokenized issue rather than any wider market debut. Subscriptions run from August 18 to September 2, money is due on October 27, 2026, and the bond matures exactly a year later, on October 27, 2027, at a fixed coupon of 1.720%.
| Feature | Detail |
|---|---|
| Issue amount | ¥1,000 million (¥1bn) |
| Coupon | 1.720% per year |
| Subscription period | August 18 to September 2, 2026 |
| Payment date | October 27, 2026 |
| Maturity | October 27, 2027 |
| Credit rating | AAA (Japan Credit Rating Agency, obtained August 18, 2026) |
| Net proceeds | ¥925 million (after ¥75 million in issuance costs) |
| Bond administrator | Sumitomo Mitsui Banking Corporation |
Instead of a paper certificate or a conventional book-entry system, ownership sits on ibet for Fin, a blockchain ledger developed by BOOSTRY. The catch for buyers: the bond cannot be transferred to anyone else and cannot be pledged as collateral. The only route out before maturity is having Toyota Finance buy the bond back through the platform. This is less a tradable security than a locked, blockchain-recorded savings product.
The bond itself is unsecured and unguaranteed. Toyota Finance instead points to credit support agreements dating to 2000 with Toyota Motor and Toyota Financial Services, and Japan Credit Rating Agency assigned the issue a AAA rating on the filing date. Sumitomo Mitsui Banking Corporation administers the bond for a flat fee of ¥2 million.
After ¥75 million in issuance costs, Toyota Finance expects to net ¥925 million, all of it earmarked for funding installment credit that customers use to buy cars, with the money to be deployed by the end of December 2026. Strip away the blockchain wrapper and the perks, and this is working-capital funding for an auto-loan book.
Those perks are doing the work that yield normally does. Buyers who link a bank account to iD or Mastercard, or register a credit card with QUICPay, receive TOYOTA Wallet electronic-money credits worth ¥500 to ¥2,500. A lottery offers 40 buyers family tickets to two events at Fuji Speedway, 12 buyers a ¥30,000 KINTO rental-car voucher, and two buyers a Lexus test drive paired with a hotel stay.
The offering is the fifth supplement under a ¥1,500,000 million (¥1.5tn) shelf registration that took effect in March 2025 and runs to March 2027. Toyota Finance has now drawn ¥330,100 million (¥330.1bn) against that shelf, leaving roughly ¥1,169,900 million (¥1.17tn) still available before the registration expires.