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Osaka Digital Exchange to Launch Japan’s First Digital Securities Trading

Published 11/20/2023, 11:30 PM
Updated 11/20/2023, 11:45 PM
Osaka Digital Exchange to Launch Japan’s First Digital Securities Trading
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  • Osaka Digital Exchange is set to commence Japan’s first digital securities trading next month.

  • The exchange introduced “START,” its proprietary trading system for security tokens, with plans to sell over $20 million of Ichigo’s securities.

  • The announcement comes a week after obtaining approval to operate the security token trading system.

Japan’s Osaka Digital Exchange will commence Japan’s first digital securities trading next month in the form of security tokens issued by Tokyo-based real estate investment companies Ichigo and Kenedix.

On November 16, Osaka Digital Exchange announced the plan to commence the operation of its platform named “START,” a proprietary trading system for security tokens. Bloomberg reported that Ichigo would sell approximately ¥3 billion ($20.1 million) of real estate securities. The amount is backed by property investments, and according to a filing with the authorities, trading would start on December 25.

The exchange shared earlier that it has obtained approval for operating the security token trading systems from the Financial Service Agency. The exchange stated, “We have named our security token market “START…

The post Osaka Digital Exchange to Launch Japan’s First Digital Securities Trading appeared first on Coin Edition.

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