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By Krisztian Sandor, AI Boost|Edited by Stephen Alpher
Updated Aug 22, 2025, 4:08 a.m. Published Aug 22, 2025, 3:15 a.m.
- SBI Holdings partnered with Startale to develop an institutional-grade tokenized stock platform.
- The joint venture aims for around-the-clock global trading and settlement of tokenized assets
- The move follows Robinhood, Kraken and others expanding tokenized stock offerings.
Japanese financial giant SBI Holdings is moving into the red-hot tokenized stock market through a joint venture with Singapore-based blockchain development firm Startale.
The companies plan to build an on-chain platform designed for trading tokenized equities and real-world assets (RWAs), they announced on Friday.
STORY CONTINUES BELOW
The step puts SBI alongside a growing roster of major players experimenting with tokenized stocks. Robinhood and several crypto exchanges including Kraken, Gemini started offering blockchain-based versions of publicly traded shares.
SBI, which oversees more than 11 trillion yen ($74 billion) in assets and has over 65 million customers globally, sees asset tokenization as a major shift in global markets.
“We predict that this movement will eventually lead to the digitalization of capital markets themselves, including exchanges,” Yoshitaka Kitao, president and CEO of SBI Holdings, said in a statement.
The joint venture will focus on 24/7 trading of tokenized U.S. and Japanese stocks with near-instant settlement, the press release said. Features are expected to include fractional ownership, institutional-grade custody and real-time compliance monitoring.
“This platform will be highly interoperable, always open, accessible to anyone, and designed to meet the needs of users worldwide in the global market,” Yoshitaka Kitao said.
Startale previously developed Soneium, an Ethereum layer-2 network, with Japanese tech giant Sony.
Read more: DBS Launches Tokenized Structured Notes on Ethereum, Expanding Investor Access
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.
Krisztian Sandor is a U.S. markets reporter focusing on stablecoins, tokenization, real-world assets. He graduated from New York University’s business and economic reporting program before joining CoinDesk. He holds BTC, SOL and ETH.
“AI Boost” indicates a generative text tool, typically an AI chatbot, contributed to the article. In each and every case, the article was edited, fact-checked and published by a human. Read more about CoinDesk’s AI Policy.
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By Krisztian Sandor, AI Boost|Edited by Stephen Alpher
10 hours ago
The inaugural transaction State Street anchored was a $100 million digital commercial paper issuance by OCBC.
What to know:
- State Street has joined JPMorgan’s blockchain platform as the first third-party custodian for tokenized assets.
- The bank anchored a $100 million tokenized commercial paper transaction issued by Oversea-Chinese Banking Corporation.
- Tokenized assets are projected to grow rapidly, with estimates ranging from $2 trillion by 2030 to nearly $19 trillion by 2033.
