SBI Holding is launching its very first STO this October

SBI Holdings — Japan’s major Financial Conglomerate is set out to launch it’s first Security Token Offering (STO). SBI Holding has announced its first STO plan on 30th October 2020. The financial service provider is going to launch its first securitised token offering by allocating shares for its e-sport gaming arm SBI e-sports.

Understanding Security Token Offering

Security Token Offering are fungible, tradable financial instruments that are issued by companies to raise capital. These financial instruments are further linked by underlying assets like shares, real estate investment trust, bonds, or other funds. The tokenized digital offerings or securitized tokens are then placed across exchanges for trade and purchase.

STO of SBI Holdings

STO of SBI Holding will be issued using blockchain technology. SBI will be using ibet -a blockchain platform digital security start-up Boostry to conduct the STO and the STO of SBI e-sports gaming will be carried out by SBI’s online subsidiary security SBI Securities. The underwriter of this STO is going to be SBI holding .

Reportedly, SBI takes tokens as “core technology of fin-tech” and looks to finalise tokenization of numerous other assets in the future like real estate, fine art, intellectual property rights, and copyrights to gaming and movies.

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