Blockchain News

SBI Holdings Owns Stake In Digital Security Offering

Japanese financial service giants SBI Holdings have invested in digital security offering platform Boostry and owns nearly 10% of its stake.

The agreement follows the signing of a memorandum of understanding between Nomura Research Institute. IT has been reported that 54% of the platform is owned by Nomura Holdings while Nomura Institute holds a 34% stake and SBI has 10%.

The MoU has establised three entities will form a strategic alliance concerning the operation of Boostry.

“Despite the sector’s momentum, Overstock’s tZERO alternative trading system is estimated to host 95% of 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,” a report in Cointelegraph said.

The platform announced yesterday that it will soon support a third token in ASPEN, the digital security representing fractionalized ownership in a five-star 179-room resort located in Colorado, the report added.

In May, Rialto Markets also received approval from the U.S Financial Industry Regulatory Authority (FINRA) to launch an alternative trading system for digital securities.

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