SBI Holdings and Startale Group have partnered to launch an onchain platform that allows round-the-clock trading of tokenized stocks and real-world assets.
The tokenized asset market is projected to grow as large as $18.9 trillion by 2033, according to a joint report from Ripple and the Boston Consulting Group.
A major Japanese financial conglomerate, SBI Holdings, and the crypto infrastructure firm Startale Group have announced a strategic partnership to launch an onchain trading platform for tokenized stocks and real-world assets.
The platform will use Startale’s blockchain infrastructure and SBI’s financial ecosystem to fill “critical market gaps” in traditional tokenized stock offerings, according to the press release. To meet the requirements of global customers, the upcoming platform is said to offer fractional ownership, faster cross-border settlements, and round-the-clock trading of tokenized stocks. According to the release, tokenized stocks will also be integrated with DeFi protocols on the platform. Other features include advanced account abstraction, institutional custody, and real-time compliance monitoring of international regulations.
The business alliance is set to establish and operate two joint venture companies: one focused on core technology development and the other on brand and business expansion.
“We believe that the tokenized stock revolution is the largest opportunity and onchain trading is the next frontier,” said Sota Watanabe, Founder of Startale Group. “While traditional markets remain closed 70% of the time, our platform will enable continuous, programmable trading of tokenized stocks, including US and Japanese native stocks.”
SBI and Startale have not specified a launch date for the new platform. The Block has reached out for more information.
This development is part of a growing trend in which institutions are expanding their tokenized offerings, with the tokenized asset market projected to grow as large as $18.9 trillion by 2033, according to a joint report from Ripple and the Boston Consulting Group.
Last month, Robinhood tapped the Arbitrum network to deploy its tokenized stocks, while crypto exchange Kraken announced the expansion of its xStocks offerings onto Tron earlier this week.
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