ODX to Start Digital Securities Trading on Dec. 25 in Japan
Coinscreed
20 Nov 2023 3:36 PM
Osaka Digital Exchange (ODX) plans to launch the trading of digital securities in Japan via security tokens issued by two real estate firms, Ichigo and...
- Osaka Digital Exchange (ODX) plans to launch the trading of digital securities in Japan using security tokens issued by Ichigo and Kenedix, two real estate firms.
- ODX's security token trading system will go live on December 25.
- Ichigo is offering asset-backed securities supported by real estate investments for over $20 million.
- Kenedix also intends to offer digital securities on the ODX platform.
- Security tokens represent a portion of a stake in an external asset or enterprise and comply with federal regulations.
- The market is still assessing the demand for alternative forms of protection, despite recent developments suggesting Japan's increasing receptiveness to digitally managed securities trading.
- Japan has seen notable developments in the adoption of digital assets, including the government's intention to allow businesses to raise capital through cryptocurrency issuance and DeCurrent Holdings' yen-backed stablecoin initiative.
The article discusses the plans of Osaka Digital Exchange to launch digital securities trading in Japan using security tokens issued by real estate firms. It highlights the potential benefits of security token trading and the increasing receptiveness of Japan towards digitally managed securities. Overall, the sentiment is positive.
You May Ask
What is Osaka Digital Exchange planning to launch in Japan?Which real estate firms are issuing security tokens for trading on the ODX platform?When will ODX's security token trading system go live?What is the value of the asset-backed securities offered by Ichigo?What recent developments suggest Japan's increasing receptiveness to digitally managed securities trading?