SBI Subsidiary to Hold Security Token Offering Later This Month
The Japanese financial group is also mulling other business lines around tokenized securities.
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DBS, Southeast Asia’s largest bank, has launched its first security token offering (STO) on its cryptocurrency exchange. The DBS Digital Bond is priced at 15 million Singapore dollars. “We expect asset tokenization to increasingly become more mainstream,” said a DBS executive. DBS’ First Security Token Offering DBS announced Monday its first security token offering (STO) on the DBS Digital Exchange (Ddex). The DBS Digital Bond, priced at 15 million Singapore dollars (US$11.37 million), comes with a six-month tenor and coupon rate of 0.60% per annum. It is offered as....
In hopes to grow its financial products on the DBS Digital Exchange (DDex), Singapore’s DBS Bank just announced its issuance of a $11.3 million digital bond in its security token offering (STO). A security token offering is similar to that of an IPO, in that it’s a type of public offering where tokenized digital securities […]
SBI is considering tokenizing assets like real estate and fine art in the future. Japanese financial conglomerate SBI Holdings is getting more serious about the security token offerings industry.SBI is planning to run its own STO allotting shares of SBI e-Sports, the company’s new e-sports gaming arm, Cointelegraph Japan reports Oct. 9.Announcing the news on Friday, SBI said that the upcoming STO will be conducted using ibet, a blockchain platform developed by digital security startup Boostry. Scheduled for Oct. 30, the STO will be carried out by SBI’s online securities subsidiary, SBI....
The current crypto bear market had no direct impact on the STO platform INX because STOs are “very different from others in the space.” Despite some of the first security token offerings (STO) launching at least four years ago, the STO industry is still yet to take off, according to an executive at the INX cryptocurrency trading platform.The STO industry is still nascent compared to the overall digital asset industry as companies and individuals are just getting into the field, INX’s chief business officer Douglas Borthwick said in an interview with Cointelegraph.According to Borthwick,....
The security token offering enables investors in select EU countries to share in future profits, Exordium says.