SBI Holdings Now Owns 10% Stake In Digital Security Offering Platform Boostry
SBI Holdings Now Owns 10% Stake In Digital Security Offering Platform Boostry
July 25, 2020
SBI Holdings Now Owns 10% Stake In Digital Security Offering Platform Boostry
SBI Holdings Now Owns 10% Stake In Digital Security Offering Platform Boostry
July 25, 2020

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.

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. 

ALSO READ :  Huobi Japan Raises $4.6M From FPG to Expand Crypto Trading Business

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

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Jafrin Ahmed

Crypto newbie passionate about creating resourceful content on blockchain technology, cryptocurrencies and decentralized apps.
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