SBI Holdings to launch initial offering of security tokens

The Japanese financial conglomerate SBI Holdings announced the tokenized shares offering for its subsidiary SBI e-Sports. The issuance of tokenized assets is planned for the end of October, according to the пресс-релизе.

To sell 1,000 shares of the new e-sports division, SBI Holdings will employ the ibet blockchain platform. Company representatives noted that in the future they plan to tokenize other asset classes as well, including real estate, works of art, and intellectual property for games and films.

The issuance of security tokens at SBI is seen as the ‘core technology of fintech’. The company did not rule out launching a business in managing public offerings of digital bonds through the SBI Securities unit.

The statement that the Japanese financial giant would issue security tokens appeared two days after acquisition of the TaoTao cryptocurrency exchange.

Earlier, Binance could not reach an agreement with TaoTao to form a joint venture to serve traders in Japan.

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