Japan’s SBI securities is ready to get involved in STOs

Japan’s SBI securities is ready to get involved in STOs

Blockchain
March 27, 2021 Editor's Desk
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After updating its registration, today, Japan’s Securities told that they are ready to get involved in security token offerings (STOs).  To be specific, they can offer blockchain-based security tokens to their retail customers.  The company also said that they can handle over-the-counter transactions for the secondary trading tokens that were issued.  The tokenized corporate bonds
SBI-Securities

After updating its registration, today, Japan’s Securities told that they are ready to get involved in security token offerings (STOs). 

To be specific, they can offer blockchain-based security tokens to their retail customers. 

The company also said that they can handle over-the-counter transactions for the secondary trading tokens that were issued. 

The tokenized corporate bonds were the first type of security tokens and SBI is an investor in the Nomura BOOSTRY platform. They are working on a tokenized bond solution. 

SBI e-Sports said that last year, they issued a security token for another SBI subsidiary. 

But, the interesting part is that it is only a small part of ambitions that include a digital assets joint venture in Singapore with Swiss Stock Exchange SIX. They are also planning a blockchain-powered digital securities exchange in association with SMBC in Osaka. And it is an investor in the Boerse Stuttgart Digital Exchange. 

The bigger picture is that SBI Group is also a member of the Japan STO Association, an industry that boasts the Japanese securities sector as members. 

Last year, the Japanese government made changes in the Settlement of Funds and Financial Instruments and Exchange Acts to allow STOs. The change means that STO’s need to maintain registration requirements such as semi-annual reporting and maintaining records of management holdings.

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