ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Markets

Japan's SBI and SMFG to set up digitalized securities exchange

Osaka platform to use blockchain technology as alternative to TSE

SBI and SMFG have designs on making their bourse a marketplace for nontraditional assets such as real estate, art and movie distribution rights. (Source photos by Reuters) 

TOKYO -- SBI Holdings and Sumitomo Mitsui Financial Group will launch a digitalized stock exchange in Osaka in the spring of 2022 to compete against the Tokyo Stock Exchange, Nikkei has learned.

The move comes amid growing calls for alternatives to the TSE, which in the fall suffered a computer glitch that halted trading for a day.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more