Japan's first compliant STO to start trading in December! SBI, Mitsubishi UFJ, and Progmat collaborate to launch real estate security tokens.

Real estate company "Ichigo Co., Ltd." is collaborating with SBI Securities, Mitsubishi UFJ Bank, and blockchain infrastructure Progmat to issue security tokens (ST) backed by six real estate properties in Osaka, Japan. The tokens will be traded on the Osaka Digital Exchange (ODX) using the private trading system (PTS) SMART. The trading is expected to commence on December 25th of this year.

Osaka Digital Exchange ODX: Security Token Financing to Boost Japanese Economy

ODX was established in April 2021 with the aim of operating Japan's first security token (ST) circulation market domestically, and began operating PTS in June 2022. The launch of this ST circulation market will activate the issuance market for ST in Japan. Collaborating partners such as SBI, Mitsubishi UFJ, Progmat, etc., expect an increase in the number of securities processed by START.

The official believes that in the future, with the dual drive of the issuance market and circulation market, the ST market will become active, meeting the needs of a wider range of investors and providing issuers with financing opportunities using assets such as real estate and project financing, which is expected to promote the development of the Japanese economy.

The official stated that we will continue to fulfill our social responsibility by providing new investment opportunities, and continue to provide products and information to ensure a high level of transparency. We look forward to expanding into different industries in the future and contributing to investors by providing new investment opportunities.