After receiving regulatory approval in November, Japan’s Osaka Digital Exchange (ODX) plans to start trading digital securities on Christmas Day. Its security token venue START will allow the trading of two digital securities at launch. During the first quarter, one of the trading partners SBI Securities will offer discounted fees.
SBI PTS (proprietary trading system) is the majority shareholder of ODX, which started trading conventional securities last year. Other key backers include SMBC, Nomura, Daiwa Securities and Cboe Worldwide.
To date a large proportion of Japanese security tokens have been for real estate and used the Progmat or BOOSTRY’s iBet for Fin tokenization platforms. Hence, it’s no surprise that the first securities to be traded fit that profile.
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