SBI To Launch Blockchain-Based Digital Stock Exchange In Osaka

SBI to launch blockchain-based digital stock exchange in Osaka. President and CEO at SBI Holdings, Yoshitaka Kitao has announced the company’s plans to collaborate with Osaka Prefecture to establish a new global financial hub.

The exchange, to be launched in Osaka and Kobe is expected to draw global fintech firms and help the financial hub grow. Kitao stressed that the establishment of the Osaka financial hub is the “last chance” for the city to “gain the status of an international financial center.”

The executive also said developing new financial hubs in Japan is important, arguing that concentrating solely on Tokyo brings with it significant risks. Kitao said SBI is prepared to take the lead in setting up Osaka and Kobe as a new global financial centre.

SBI Holdings has established itself as a major company embracing blockchain technology as well as crypto-related developments.

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