Osaka Digital Exchange (ODX) is set to launch its Proprietary Trading System (PTS) for security tokens by December 25. This move comes after receiving approval from Japan’s Financial Service Agency (FSA) for its securities token proprietary trading system. ODX aims to bring more liquidity and funding opportunities to securities token operations in the region. ODX was established in 2021 by SBI Holdings and Sumitomo Mitsui Financial Group (SMFG) with the goal of creating a digital stock exchange to compete against the Tokyo Stock Exchange. Ichigo, a real estate company, will be one of ODX’s first clients on the START platform. They plan to issue a new token that will provide investment opportunities in rental residential properties. The token is expected to have the largest issue price ever for an Ichigo Group security token. Ichigo will sell approximately $20 million worth of securities backed by property investments, with trading set to begin on December 25. The real estate-backed security assets will be released on Progmat, a Japan-regulated digital asset platform established by Mitsubishi UFJ Financial Group (MUFG) and other Japanese banks. Progmat integrates blockchain technology with financial expertise to manage digital assets within the country’s regulatory framework.

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Information	Details
Geography	Asia
Countries	🇯🇵
Sentiment	positive
Relevance Score	1
People	None
Companies	Sumitomo Mitsui Financial Group, Osaka Digital Exchange, Progmat, Tokyo Stock Exchange, SBI Holdings, Ichigo, Mitsubishi UFJ Financial Group
Currencies	None
Securities	None