Capital markets News

CBOE invests in Japan’s Osaka Digital Exchange. Security tokens to launch this year

japan digital securities security tokens

Osaka Digital Exchange (ODX), the proprietary trading system (PTS) founded by SBI Holdings, announced that CBOE is a new major investor. Market makers Virtu  and Optiver have also invested. In June last year, ODX started trading conventional securities and still plans to launch digital securities this year.

Existing ODX investors include Sumitomo Mitsui Financial Group (SMBC), Nomura and Daiwa Securities. Previously, SMBC had a 20% stake and Nomura and Daiwa 5% each. After the latest funding, SBI said it is still the majority shareholder.

The investment is unsurprising given that SBI and CBOE announced a collaboration last year. SBI’s crypto market making subsidiary B2C2 is also an investor in CBOE Digital, as is Virtu.

SBI has a diverse range of investments across the digital assets sector, both domestic and international. It’s one of the investors in Progmat, the tokenization  platform founded by MUFG. In Singapore, it has a joint venture, AsiaNext, with Switzerland’s SIX. The Swiss exchange launched its digital securities exchange SDX in 2021. 

Two years ago SBI expressed interest in creating a corridor to London. Nothing seemed to come of it, but times have changed. The UK is soon to launch its Digit Securities Sandbox, and in September the London Stock Exchange Group (LSEG) unveiled plans for a blockchain-based exchange to target private markets. SBI recently invested in Standard Chartered’s digital asset custody venture Zodia Custody.

On the cryptocurrency side, apart from Zodia, SBI’s interests include B2C2 and crypto exchange SBI VC Trade as well as an investment in Börse Stuttgart Digital.