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Japan’s Osaka Digital Exchange to kick off security token trading with Ichigo’s real estate assets

Ichigo will reportedly sell about $20 million worth of securities backed by property investments.

OSAKA, Nov 21 (cryptoslate.com) - Osaka Digital Exchange (ODX) revealed that its Proprietary Trading System (PTS) “START” for security tokens will begin operations by Dec. 25, according to a Nov. 20 statement.

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A security token is essentially a digital form of traditional securities. These tokens represent fractions of real-value assets, such as equity, a company, real estate, etc.

ODX’s offering stems from Japan’s Financial Service Agency (FSA) approval of its securities token proprietary trading system on Nov. 16. According to the firm, its trading system will bring more liquidity and funding opportunities to securities token operations within the region.

ODX was established in 2021 by SBI Holdings and Sumitomo Mitsui Financial Group (SMFG). Its current move aligns with its vision to create a digital stock exchange to compete against the Tokyo Stock Exchange.

The real estate company, which had previously issued two security tokens, will issue a new token to open real estate investment opportunities for individuals. ...continue reading

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