bitcoin
Bitcoin (BTC) $ 94,680.37 0.64%
ethereum
Ethereum (ETH) $ 1,798.48 0.28%
tether
Tether (USDT) $ 1.00 0.01%
xrp
XRP (XRP) $ 2.30 1.75%
bnb
BNB (BNB) $ 605.78 0.03%
solana
Solana (SOL) $ 147.84 0.74%
usd-coin
USDC (USDC) $ 1.00 0.01%
dogecoin
Dogecoin (DOGE) $ 0.178233 1.35%
cardano
Cardano (ADA) $ 0.701708 1.54%
tron
TRON (TRX) $ 0.248152 0.75%
Blog

Japan to Have Blockchain-Based Stock Exchange in 2022

The exchange reportedly planned by SBI and SMFG is expected to be the first of its kind in Japan.

Japan to Have Blockchain-Based Stock Exchange in 2022

SBI Holdings has reportedly partnered with Sumitomo Mitsui Financial Group (SMFG) to launch a digital stock exchange slated for spring 2022.

  • SBI and SMFG are expected to launch the platform in Osaka to compete against the Tokyo Stock Exchange (TSE), according to a Nikkei report Thursday.
  • The exchange is expected to be Japan’s first such stock exchange, allowing investors to trade digital securities using blockchain technology.
  • In March, the companies will set up an operator called the Osaka Digital Exchange (ODX), with SBI to own 60%, and SMFG 40%, per the report.
  • SBI and SMFG, which both have brokerage arms, will put in place a governance structure to prevent any conflict of interest.
  • The news comes after the TSE was criticized for a major hardware glitch in September caused the worst outage ever for the world’s third-largest equity market.
  • The ODX is expected to start trading digital securities in 2023.
Related Posts
Music-albums-as-an-asset-class
CoinDesk Feed

Music Albums as an Asset Class

The music industry has always been a space for creativity, but with the rise of non-fungible tokens (NFTs), the industry is experiencing a transformation like never before.NFTs are unique digital assets that are verified on a blockchain network, which has opened up endless possibilities for the music industry and for investment.You're reading Crypto for Advisors, a…
European-crypto-startups-raised-record-$5.7b-in-vc-funding-in-2022
CoinDesk Feed

European Crypto Startups Raised Record $5.7B in VC Funding in 2022

European crypto startups raised a record $5.7 billion in VC funding last year, up from $5 billion in 2021, according to the latest State of European Crypto VC Funding report. The investment cycle followed the global trend of peaking in the second quarter and declining sharply in the first quarter of this year. Web3 remained…
Even-with-cbdcs,-the-state-won’t-forfeit-its-power-over-money
CoinDesk Feed

Even With CBDCs, the State Won’t Forfeit Its Power Over Money

Mar 3, 2020 at 10:00 UTCUpdated Mar 3, 2020 at 10:05 UTCCredit: Shutterstock/Dilok KlaisatapornEven With CBDCs, the State Won’t Forfeit Its Power Over MoneyJames Cooper is a professor of law at California Western School of Law in San Diego. A former contractor for the U.S. and advisor to governments and indigenous peoples concerning disruptive technologies…
Crypto-provisions-dropped-from-2023-us.-defense-bill
CoinDesk Feed

Crypto Provisions Dropped From 2023 U.S. Defense Bill

Two crypto provisions addressing anti-money-laundering concerns were dropped from a joint version of the National Defense Authorization Act, a military-funding bill viewed as must-pass legislation, ending a backdoor effort to get digital-asset rules passed this year in the U.S.According to a joint bill published Thursday by lawmakers from the U.S. House and Senate, provisions that
India’s-rumored-crypto-ban-may-be-overblown,-say-industry-pros
CoinDesk Feed

India’s Rumored Crypto Ban May Be Overblown, Say Industry Pros

Jun 15, 2020 at 08:02 UTCIndia’s Rumored Crypto Ban May Be Overblown, Say Industry ProsRumors that India might be considering a new ban on crypto may be premature, exchange founders and startup CEOs working in the sector believe. Indian news site The Economic Times created a stir Friday by suggesting that lawmakers in India, where…
Loading data ...
Comparison
View chart compare
View table compare
Back To Top