SBI Holdings, a major Japanese financial holding company, has announced a partnership with Singapore-based blockchain firm Startale Group to develop a platform for trading tokenized stocks and real-world assets. This platform aims to transform asset management in the global financial market.
What Will the New Platform Offer?
The platform will enable users to trade tokenized stocks 24/7, significantly expanding access to the U.S. and Japanese stock markets. Additionally, it will offer fractional ownership, allowing investors to buy a portion of a stock rather than a whole one. Quick settlement of trades and institutional-grade security are also key aspects of the platform. Integration with decentralized finance (DeFi) applications will allow users to utilize tokenized stocks in various financial services.
Future Plans of SBI Holdings
SBI Holdings, overseeing over $74 billion in assets and having over 65 million customers, views asset tokenization as the future of global finance. The company plans to create infrastructure to support the growing market for tokenized assets, which specialists estimate will be worth $18.9 trillion by 2033. They intend to form two joint ventures: one focused on technology development and the other on brand management and business expansion.
Quotes and Insights
Yoshitaka Kitao, CEO of SBI Holdings, stated, "Tokenization of real-world assets is transforming global markets. I also predict that this movement will eventually lead to the digitalization of capital markets themselves, including exchanges."
SBI Holdings and Startale Group aim to change the approach to asset trading by leveraging modern blockchain technology and introducing new financial solutions. The emergence of their platform is expected to have a significant impact on the financial industry.
