Osaka Digital Exchange to Launch Trading of Japan’s First Digital Securities on December 25
Osaka Digital Exchange Co. is set to revolutionize Japan’s financial landscape by introducing the country’s first-ever digital securities trading.
On November 16, Osaka Digital Exchange (ODX) announced plans to launch Japan’s first-ever digital securities trading on December 25. The platform will feature security tokens issued by real estate firms Ichigo Inc. and Kenedix Inc., with the inaugural trading focusing on securities backed by property investments from Ichigo.
Established in 2021, ODX comprises influential figures from traditional finance in Japan, including SBI Holdings and Sumitomo Mitsui Financial Group (SMFG), with the overarching goal of establishing a digital stock exchange. Regulatory approval for ODX’s proprietary trading system for security tokens, named Start, was granted on November 16 by the country’s financial watchdog.
In its announcement press release, ODX noted that:
‘On this occasion, we also publicly announce that we have named our ST market “START”, as it is our firm belief that the more liquidity of STs the start of START will bring, the more funding opportunities there will be. We have named our market in the hope that the ST market will thrive more.”
As part of the launch, real estate firm Ichigo Owners is expected to issue around ¥3 billion ($27.1 million) worth of tokenized securities. The Ichigo Residence Token, set to be the largest issue price ever for an Ichigo Group security token, will be invested in six highly convenient rental residential properties with excellent access to the city center, according to an SBI Holdings press release.
Security tokens, which digitally represent traditionally managed securities, offer increased accessibility, transparency, and efficiency. Despite these
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