SBI Holdings and SMFG to launch digital securities exchange in 2022

[waybesuricata]

Japanese finance giaSBI Holdings is building a digital stock exchange in collaboration with Sumitomo Mitsui Financial Group, or SMFG.

According to a Jan. 28 Nikkei report, the new digital securities exchange is expected to be the first Japanese exchange trading digital stocks using blockchain technology.

The companies are reportedly planning to roll out the exchange in Osaka in the spring of 2020, while the platform is expected to start handling digital securities in 2023. In order to launch the exchange, SBI and SMFG will set up an operator, the Osaka Digital Exchange, or ODX. SBI will have a 60% stake in ODX, while SMFG will own 40%, the report states.

Source and continuation of the article: https://cointelegraph.com/news/sbi-holdings-and-smfg-to-launch-digital-securities-exchange-in-2022