The Osaka Digital Exchange (ODX) is planning to launch a secondary market for digital securities this year. Yesterday Japan’s Financial Services Agency gave ODX approval to launch the Securities Token Proprietary Trading System (ST PTS). This is similar to the Alternative Trading System (ATS) license in the United States.
START is the new brand for the securities token market.
ODX was founded by SBI and launched last year trading conventional securities. Last week ODX announced a funding round including new investors Cboe and market makers Virtu and Optiver. Other existing backers are SMBC, Nomura and Daiwa.
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