The Japanese financial conglomerate SBI Holdings has announced an offer of tokenized securities (STO). The first sale of tokenized shares will take place at the end of October.

According to a press release issued on 9 October, e-Sports Co., a subsidiary of SBI, will issue 1,000 ordinary shares with SBI Holdings as an underwriter. The STO will be held on a block-platform called Ibet, which is owned by Boostry (a subsidiary of Nomura Holdings).

SBI stated that it sees the STO as one of the key technologies in the finthe and plans to develop this area through its SBI Securities division.

This week SBI Holdings acquired the Tao Tao crypt currency exchange. According to the company, the acquisition of TaoTao will make it possible to provide better services for trading in cryptov currencies.