The Japanese financial giant SBI Holdings is moving to the red -red -to -reddish stock market through a joint company with the Blockchain development firm based in Singapore Startale.
Companies plan to build a chain platform designed for the real and active world -world trade trade (RWAS)They announced on Friday.
The step puts SBI next to a growing list of main players who experience with tokenized stocks. Robinhood and several cryptographic exchanges, including Kraken, Gemini began offering blockchain -based versions of shares that are quoted in the stock market.
SBI, which supervises more than 11 billion yen ($ 74 billion) In assets and has more than 65 million customers worldwide, it considers that asset token is an important change in global markets.
“We predict that this movement will eventually lead to the digitalization of capital markets itself, including exchanges,” Yoshitaka Kitao, president and CEO of SBI Holdings, said in a statement, in a statement.
The joint company will focus on the 24/7 trade of tokenized shares of the United States and Japanese with almost instantaneous liquidation, according to the press release. The characteristics are expected to include fractional property, institutional degree custody and real -time compliance monitoring.
“This platform will be highly interoperable, always open, accessible to anyone and designed to meet the needs of users around the world in the global market,” said Yoshitaka Kitao.
Startale previously developed Soneium, an Ethereum Layer-2 network, with the Japanese technological giant Sony.
Read more: DBS launches tokenized structured notes on Ethereum, expanding access to the investor
