It’s no secret that Japan’s SBI Group is deeply engaged in the cryptocurrency, blockchain and digital assets space. During its annual results presentation on Wednesday, CEO Yoshitaka Kitao, outlined the big picture, which includes establishing a digital asset bank in Japan and overseas.
Mr Kitao stated that for digital assets, “we’d like to ensure that we develop this new area and become the dominant number one in creating an ecosystem.” Many of its major activities have already been announced, but he added some details.
Creating a global secondary market for security tokens is a large part of the strategy and four pillars have already been outlined. These include a joint venture with the SIX Digital Exchange (SDX) in Singapore, which is expected to go into production in 2022. SBI is developing the Osaka Digital Exchange (ODX) with SMBC. And these two exchanges will link up to the Boerse Stuttgart Digital Exchange (BSDEX) in Germany, where SBI owns 10%, and the SIX Digital Exchange in Switzerland. The key is the links between these entities because security tokens will be globally traded.
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