Osaka Digital Exchange to Start Security Token Trading Platform
The platform, named Start, will begin operation on Dec. 25 with a $20 million real-estate securities issuance....
- Osaka Digital Exchange (ODX) will launch its digital securities trading platform on December 25th.
- ODX is a collaboration between Japanese financial heavyweights SBI Holdings and Sumitomo Mitsui Financial Group (SMFG).
- The platform's proprietary trading system for security tokens, named Start, received regulatory approval on November 16th.
- Real estate firm Ichigo Owners will issue around 3 billion yen ($20 million) worth of tokenized securities on the platform.
- The Ichigo Residence Token will be invested in six rental residential properties with excellent city center access, making it the largest issue price ever for an Ichigo Group security token.
- The token will be issued on Progmat, a software platform for issuing and managing digital assets.
The article provides positive news about the upcoming launch of Osaka Digital Exchange's digital securities trading platform and the issuance of tokenized securities by Ichigo Owners. The collaboration between Japanese financial heavyweights and the regulatory approval further adds to the positive sentiment.