Blockchain-Based Stock Exchange in Japan by 2022

3AI February 2, 2021

The exchange reportedly planned by SBI and SMFG is expected to be the first of its kind in Japan.

SBI Holdings has reportedly partnered with Sumitomo Mitsui Financial Group (SMFG) to launch a digital stock exchange slated for spring 2022.

SBI and SMFG are expected to launch the platform in Osaka to compete against the Tokyo Stock Exchange (TSE), according to a Nikkei report Thursday.
The exchange is expected to be Japan’s first such stock exchange, allowing investors to trade digital securities using blockchain technology.
In March, the companies will set up an operator called the Osaka Digital Exchange (ODX), with SBI to own 60%, and SMFG 40%, per the report.
SBI and SMFG, which both have brokerage arms, will put in place a governance structure to prevent any conflict of interest.
The news comes after the TSE was criticized for a major hardware glitch in September caused the worst outage ever for the world’s third-largest equity market.
The ODX is expected to start trading digital securities in 2023.

Picture from freepik.com

Being Digital: New Age of Business Transformation

Digital technologies have profoundly changed the ways we do business, buy, work and live. They have even altered society and continue impacting virtually all business functions and industries. It’s partially what digital business is about Today, digital business mainly is used in a context of digital transformation, disruptive technologies, holistic business optimization and integration/convergence. However, it’s […]

Crossing the AI Adoption Chasm

Featured Article: Author: Abhishek Tandon, Director, Customer Success for Fosfor, LTIMindtree Chapter 1: The chasm between AI outcomes and business value The message is loud and clear. AI projects are not seeing the level of adoption and ROI that was expected of them over the last decade. But there is no doubt that AI Rules. […]

What if AI scans legislation and allocates funds to agencies?

New Treasury Department software points the way. But research suggests that it’s impossible to show that an artificial ‘superintelligence’ can be contained . If, like me, you’re worried about how members of Congress are supposed to vote on a stimulus bill so lengthy and complex that nobody can possibly know all the details, fear not — the […]

Preparing your Business for a Data Revolution

Featured Article Author: Sidhartha Shishoo, SG Analytics Businesses are gaining the ability to gather data at an unprecedented pace. The Internet of Things (IoT), unstructured data from media, social media, and other digital activities like product purchases and consumer reviews are driving this. Companies now have mountains of data at their disposal, but the knowledge […]

India's largest platform and marketplace for GCC & AI leaders and professionals

3AI Digital Library