SBI Holdings and Startale Launch 24/7 Tokenized Stock Trading Platform
SBI Holdings and Startale Group have formed a joint venture to launch an institutional-grade on-chain tokenized stock trading platform for real-world assets. The tokenized stock trading platform leverages SBI’s financial ecosystem and Startale’s blockchain technology to provide 24/7 global trading, near-instant settlement of U.S. and Japanese equities, fractional ownership, institutional custody, and real-time compliance monitoring. Startale will integrate its Soneium Ethereum layer-2 network to ensure high interoperability and continuous access. Following similar moves by Robinhood, Kraken and Gemini, this development underscores growing institutional adoption of asset tokenization, promising enhanced liquidity and streamlined settlement for crypto traders.
Bullish
This news is bullish for ETH and the broader tokenization sector. In the short term, the integration of Soneium layer-2 on Ethereum to support the tokenized stock trading platform could drive increased transaction volume and demand for ETH for gas fees, as institutional investors explore tokenized asset trading. Over the long term, the endorsement by major financial players like SBI and Startale signals strong institutional confidence in Ethereum’s scalability and security, likely boosting ETH’s utility and price stability. Historical similar developments, such as DeFi growth and institutional adoption, have led to sustained bullish trends for ETH, suggesting positive market sentiment and potential price appreciation.