SBI Plans To Run Its Own STO In October
SBI Plans To Run Its Own STO In October
October 12, 2020
SBI Plans To Run Its Own STO In October
SBI Plans To Run Its Own STO In October
October 12, 2020

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.

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.

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

Source: Cointelegraph | Image: Bitcoin Exchange Guide


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Ishita Bora

Ishita Bora is a Senior Content Creator at Digital Notice Media Labs with an experience of 1 year. She has completed her Master's Degree in Language and Linguistics in 2019 from Gauhati University, India. Her interest lies in blockchain technology and cryptocurrency space, as she loves writing about blockchain and other blockchain-related articles. Currently, she is working on blockchain-based news, reviews, featured articles, and guides.