Japanese financial services company SBI Holdings now owns a 10% stake in the digital security offering platform Boostry.
The news is followed by the signing of a memorandum of understanding between Nomura Research Institute and SBI with the following stakes:
54% by Nomura Holdings
34% by Nomura Institute
10% by SBI
The three entities will now form a strategic alliance concerning the operation of Boostry.
Major Japanese financial services company SBI Holdings now owns a 10% stake in the Nomura’s digital security offering platform Boostry. The news came after the Nomura Research Institute signed a memorandum of understanding – which is a joint venture of Boostery's majority – pic.twitter.com/AAsN27u6ww — BRIAN COHEN CRYPTOCURRENCY INVESTMENT (@Brian_Cohen2) July 24, 2020
The security token sector has shown consistent growth, with monthly secondary trading volume exceeding $2 million for the first time in June.
Despite the momentum, Overstock’s tZERO alternative trading system is estimated to host 95% of the secondary security token trade.
Overstock’s digital security OSTKO represents approximately 80% of secondary volume, with tZERO’s native token TZROP comprising 15% of the monthly total.
The platform will also soon support a third token in ASPEN, the digital security representing fractionalized ownership in a five-star 179-room resort located in Colorado.
Meanwhile its rival, Watchdog Capital has announced a new U.S-based securities offering platform on July 23.
Watchdog is a registered broker-dealer with the U.S. Securities and Exchange Commission that facilitates exempt securities offerings.
In May, Rialto Markets also received approval from the U.S FINRA to launch an alternative trading system for digital securities.
Source: Cointelegraph | Image: Unsplash