SBI Holdings & Startale Launch Tokenized Trading Platform

SBI Holdings, a prominent Japanese financial conglomerate, has announced a strategic partnership with Startale Group to launch an innovative onchain trading platform focused on tokenized stocks and real-world assets. As detailed in the press release, this platform will combine SBI's extensive financial ecosystem with Startale's blockchain infrastructure to bridge significant gaps in traditional tokenized stock markets. The new platform promises 24/7 trading of tokenized stocks, expedited cross-border settlements, and fractional ownership options tailored for a global audience. Additionally, the integration of tokenized stocks with DeFi protocols will further enhance its appeal. Key features include advanced account abstraction, institutional-grade custody, and real-time adherence to international regulations. The alliance will establish two joint venture companies: one dedicated to technology development and the other focused on brand growth and business expansion. "We see the tokenized stock revolution as a massive opportunity, and onchain trading represents the next frontier," stated Sota Watanabe, Founder of Startale Group. He emphasized that while traditional stock markets are largely inactive, their new platform will allow for continuous and programmable trading of both US and Japanese stocks. As of now, SBI and Startale have not disclosed a specific launch date for the platform. Further inquiries have been made to gather more details. This initiative aligns with a broader trend of institutions expanding their tokenized offerings. Reports suggest that the market for tokenized assets could reach $18.9 trillion by 2033, according to a joint study by Ripple and the Boston Consulting Group. Recently, Robinhood launched its tokenized stocks on the Arbitrum network, and Kraken announced the expansion of its xStocks to the Tron network earlier this week. Disclaimer: The Block is an independent media organization that presents news and research. As of November 2023, Foresight Ventures is a major investor in The Block, which maintains its independence to deliver unbiased information.