According to a Nikkei report on Thursday, SBI and SMFG are expected to launch a platform in Osaka to compete with the Tokyo Stock Exchange (TSE).
The exchange is expected to be the first exchange in Japan where investors can trade digital securities using blockchain technology.
According to the report, the companies will create an operator called Osaka Digital Exchange (ODX) in March, with SBI owning 60% and SMFG 40%.
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