25. Oktober 2020

SBI focuses on value tokens while pumping the secondary markets

Leading Japanese financial services company SBI Holdings now holds a 10% stake in the digital stock offering platform Boostry.

The news follows the signing of a memorandum of understanding between Nomura Research Institute, a joint venture of Nomura Holdings, the majority owner of Boostry, and SBI. Nomura Holdings owns 54% of the platform, Nomura Institute owns 34% and Corona Millionaire owns 10%.

Overstock made a crypto airdrop of 4.37 million tokens of shareholder value
The memorandum also states that the three entities will form a strategic alliance on the Boostry operation.

tZERO dominates the volume of the value tokens

The agreement between Nomura and SBI comes at a time when the value token sector has shown steady growth, with monthly secondary trading volume exceeding USD 2 million for the first time in June.

The tZERO platform experiences a 1,500% growth and adds to its list the ASPEN token
Despite the industry’s momentum, Overstock’s tZERO alternative trading system is estimated to account for 95% of secondary trade in tokens of value. Overstock’s digital value, OSTKO, accounts for approximately 80% of the secondary volume, with the native tZERO token comprising 15% of the monthly total.

The platform announced yesterday that it will soon accept a third token in ASPEN, the digital value representing fractional ownership in a 179-room, five-star resort located in Colorado.

Digital value platforms proliferate

The competition is moving quickly to enter the space, with Watchdog Capital announcing a new U.S.-based securities offering platform on July 23.

Overstock’s ‚digital dividend‘ leads ranking of value tokens
Watchdog is a registered broker with the U.S. Securities and Exchange Commission and facilitates offers of exempt securities.

In May, Rialto Markets also received approval from the U.S. Financial Industry Regulatory Authority (FINRA) to launch an alternative trading system for digital securities.