Japanese Exchange Decides to Start Digital Securities Trading from December
Ichigo is a digital currency trading platform based in Tokyo. The firm is planning to issue $20 million in digital securities backed by real estate products listed on the Osaka digital exchange.
On this front, Osaka Digital Exchange (ODX) is planning to list digital securities on the trading platform based in Japan. The platform announced recently that the trading system for security tokens is set to start on 25th December this year.
Japanese Exchange Intends to Sell Security Tokens Worth $20 Million
On this account, Ichigo intends to sell more than $20 million in security tokens that are issued from two real estate companies. The move is done to cater to the increasing demand for alternative trading assets. In addition to Ichigo, Kenedix will also offer digital securities on the ODX trading platform.
It is important to note that security tokens represent part of the ownership in an asset or enterprise much like shares. Security tokens are also regulated under federal law in the same manner as listed securities and their value is tied to the external tradeable products.
Japan to Offer Digital Securities Trading
Security tokens on traditional or cryptocurrency exchanges increment the liquidity of a given investment products. In this manner, it becomes easier for the investors to seek a stake in a given trading product. Based on the latest development, Japan is adopting the trend of dealing in digital securities.
At present, only $20 million in securities are offered which indicates that the trading platform is still gauging the demand. It is possible that the firm increases or decreases the security token offering based on the market demand.
During the past few months, Japan has continued its spree to foray into alternative trading products. On 15th September, a media outlet in Japan reported that the government is planning on allowing startups to conduct IPOs or crowdfunding by issuing digital currencies rather than stock offerings.
On 12th October, DeCurrent Holdings also published a white paper about a yen-backed stablecoin. The firm has retained that the stablecoin in question is set to launch in 2024.
Japanese Bank Nomura to Adopt Bitcoin Fund
Nomura Bank is based in Japan and the firm has gained traction in the crypto industry after the announcement of the Bitcoin Adoption Fund. The fund is set to have long-term exposure in Bitcoin and is available to only institutional investors.
The fund was created and launched by Laser Digital Asset Management, a subsidiary of Nomura Bank. The firm has told the media that it is the first digital investment solution that the banking enterprise is introducing. Nomura Bank currently manages $500 billion in AUM.
It also offers brokerage services for institutional firms. Sebastian Guglietta is the head of Laser digital management. He told the media that Bitcoin brings a long-lasting transformational shift. Therefore, enterprise investors can leverage the macro trend by investing in Bitcoin.
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