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

Unlocking Synergy: Combining Computer Vision, NLP, and Deep Learning for Automated Process Discovery & Process Intelligence

Featured Article: Author: Anurag Upadhyay, Accenture Introduction: In today’s dynamic business landscape, organizations face an ever-increasing demand for efficiency, innovation, and competitiveness. To meet these challenges head-on, businesses are turning to cutting-edge technologies that can revolutionize how they understand, optimize, and manage their operations. Among these transformative technologies, the fusion of Computer Vision, Natural Language […]

Reflecting on a Remarkable 2024: Our Salient Accomplishments

2024 has been a momentous and fulfilling year for 3AI; we took rapid strides and launched multiple interventions & engagements to further our endeavor in becoming largest global Data, AI & Analytics platform. Take a sneak peek at our salient accomplishments in 2024: Global Community & Global Presence: Innovative Offerings : Large Scale & Pathbreaking […]

Data Science/Machine Learning and Software Quality

Featured Article: Author: Biju Kalleppilli, Director-Performance Engineering, SAP Labs India Endless possibilities of data science applications in Software quality are probably an underrated one. At various stages of product testing life cycle, huge amount of data is generated and remain unexplored., primarily because the top management often become happy by looking at the quality metrics […]

Digiboxx plans to hire 5,000 engineers

Digiboxx is also aiming to have 10 million users in the next three years Digiboxx has started offering up to 20 gigabyte (GB) of free online storage in which an user can store and share file size of up to 2 GB New Delhi: Online file storage and sharing services startup Digiboxx on Tuesday said […]

India's largest platform and marketplace for GCCs, AI & Analytics leaders & professionals

3AI Digital Library