First Digital Securities Trading to be Launched by Osaka Digital Exchange in Japan

First Digital Securities Trading to be Launched by Osaka Digital Exchange in Japan

Trading of Digital Securities Set to Commence in Japan

On Dec. 25, Japan’s Osaka Digital Exchange (ODX) will introduce the trading of digital securities in the country by issuing security tokens, according to a notice released on Nov. 20. The issuance is set to include tokens from Ichigo, a Tokyo-based real estate investment company, and Kenedix, which will be selling approximately $20.1 Million in securities, as reported by Bloomberg.

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Enhancing Investment Process for Individual Investors

The initiative to introduce the trading of security tokens on ODX intends to simplify the investment process for individual investors. Nonetheless, with the modest size of Ichigo’s sale, market participants are as of now assessing the level of demand for these securities. Specific details regarding the issues to be facilitated on START will be disclosed on the company’s website as they are approved following a thorough examination.

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Advancing Digital currency in Japan

In addition, reports from October indicate Japan’s intends to launch a bank-supported digital currency, DCJPY, in 2024. This digital currency will be backed by bank deposits and utilize a blockchain network developed by DeCurret, a Japan-licensed digital currency exchange. These recent developments mark whole lot of progress towards digital asset adoption in Japan.

Hot Take: Embracing Digital Securities and Currency

Japan’s move to starting the trading of digital securities and introduce a bank-supported digital currency reflects the country’s commitment to embracing digital assets. These developments are part of ongoing efforts to streamline investment processes and facilitate the turnover of digital assets in Japan’s financial market.

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