Five months ago, we wrote that SBI Holdings was planning a digital securities exchange in Osaka. Today Nikkei Asia reported that SBI Holdings has partnered with Sumitomo Mitsui Financial Group to launch the exchange in spring 2022 and start handling digital securities in 2023. The Osaka Digital Exchange (ODX) will be 60% owned by SBI and 40% by SMFG.
Update: SBI has confirmed the news and states that it will initially offer stocks followed by tokenized securities in 2022. All subject to regulatory approvals.
The exchange will use blockchain technology and aims to offer trading services outside of the Tokyo Stock Exchange’s trading hours.
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