News On Japan

SBI Launches Initiative to Turn Stocks into Digital Assets

TOKYO - SBI Holdings announced the establishment of a new company to convert shares into digital assets and trade them on a dedicated platform.

At an event in Osaka on August 22nd, Chairman and President Kitao said the company will create a new trading infrastructure to enable the buying and selling of shares by converting them into crypto assets known as tokens.

The venture will be launched in partnership with startup Startale Group, with plans to establish bases in both Japan and Singapore. According to Kitao, tokenizing stocks and other assets through blockchain technology will allow transactions to be conducted across borders and time zones, with international settlements completed instantly.

Kitao added that SBI intends to leverage its 67 million domestic and overseas customers by creating a new exchange where stocks, bonds, and other real assets can be traded as digital assets. He emphasized SBI’s ambition to move into the international crypto asset market.

Source: テレ東BIZ

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