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SBI Plans To Run Its Own STO In October

SBI Holdings has planned to run its own security token offerings (STO) allotting shares of SBI e-Sports, the company’s new e-sports gaming arm.

On October 9, it has been reported that SBI said that the upcoming STO will be conducted using ibet, a blockchain platform developed by digital security startup Boostry.  

However, scheduled for October 30, the STO will be carried out by SBI’s online securities subsidiary, SBI Securities, while SBI holdings will act as an underwriter.

SBI said that the company considers STOs a “core technology of fintech” and plans to tokenize a number of other assets in the future.

SBI Holdings to run an #STO based on a #blockchain platform of Nomura-backed digital security startup Boostry — Cointelegraph (@Cointelegraph) October 9, 2020

Also, the firm stated that it looks to tokenize assets like real estate, fine art, and intellectual property rights including copyrights for games and movies.

News of the company’s upcoming STO comes shortly after SBI made another move into space by acquiring a 10% stake in Boostry in July 2020.

Thus, Boostry, as reported, is a joint venture of Japanese investment giant Nomura and Nomura Research Institute.



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