Leading Japanese financial services firm ‘SBI Holdings’ now owns a tenth stake within the digital security offering platform Boostry.
The recent news follows after the signing of a MoU between Nomura Research Institute – a venture of Boostry’s majority-owner Nomura Holdings – and SBI. 54% of the platform is owned by Nomura Holdings while Nomura Institute holds a 34% stake, along with SBI holding around 10% stake.
The MoU also establishes that all the 3 entities will form a strategic alliance concerning the operation of Boostry.
Overstock’s tZERO Alternative Trading System
The agreement between Nomura and SBI comes as the security token sector has shown rapid growth, with monthly secondary trading volume exceeding over $2 Mln for the very primary time earlier in June.
Despite the sector’s momentum, Overstock’s tZERO alternative trading system is estimated to host around 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.
The platform announced yesterday that it’ll soon support a 3rd token in ASPEN, the digital security representing fractionalized ownership during a five-star 179-room resort situated in Colorado.
Facilitating Securities Offerings
Rivals are swiftly shifting to enter the new space, with Watchdog Capital announcing a new United States-based securities offering platform on 23rd July.
Watchdog is a registered broker-dealer with the United States SEC and facilitates exempt securities offerings.
Earlier in May, Rialto Markets also received approval from the United States FINRA [Financial Industry Regulatory Agency] to launch an alternate trading system for digital securities.