The Japanese financial giant SBI Holdings moves to the Red tokenized stock market thanks to a joint venture with Staral, a blockchain development company based in Singapore.
Companies plan to build a chain platform designed for trading token actions and real assets (Rwas)They announced on Friday.
The PAS is putting SBI alongside a growing list of major players experimenting with tokenized stocks. Robinhood and several Crypto exchanges, including Kraken, Gemini began to offer versions based on the blockchain of stock market on the stock market.
SBI, which oversees more than 11 yen billions ($ 74 billion) In assets and has more than 65 million customers worldwide, considers the tokenization of assets as a major change in global markets.
“We plan that this movement will eventually lead to the digitization of the capital markets themselves, including exchanges,” said Yoshitaka Kitao, president and chief executive officer of SBI Holdings, in a press release.
The joint venture will focus on 24/7 trading of American and Japanese tokenized actions with a near colony, the press release said. The features should include fractional property, institutional quality custody and compliance monitoring in real time.
“This platform will be very interoperable, always open, accessible to anyone and designed to meet the needs of users around the world in the world market,” said Yoshitaka Kitao.
Startale previously developed Soneium, an Ethereum Layer-2 network, with the Japanese technology giant Sony.
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