Startale, SBI launch Strium for institutional FX, RWA trading

Strium to launch with synthetic stocks before real assets

Trading will first start with synthetic versions of US and Japanese stocks and commodities, which represent derivative-style instruments rather than direct ownership of underlying shares.

The platform plans to expand to tokenized representations of real shares and asset-backed tokens, which users can access after completing identity checks and meeting local rules. A separate open layer will allow other users to participate without those requirements.

The proof-of-concept phase focuses on testing settlement efficiency, resilience under heavy transaction loads and interoperability with both legacy financial systems and other blockchain networks. A public testnet is planned as the next step toward commercial deployment.

“SBI Holdings brings regulated financial infrastructure and multiple licensed entities into the joint venture,” Watanabe said, noting that group entities have already participated in regulated digital-asset initiatives, including a planned yen stablecoin structure involving Shinsei Trust & Banking and SBI VC Trade.

He added that discussions with regulators, including in Japan, will come later as the project expands into individual markets.

NYSE plans 24/7 trading platform for tokenized stocks, ETFs

Last month, the New York Stock Exchange and its parent company, Intercontinental Exchange, revealed that they are building a new platform for tokenized stocks and exchange-traded funds with 24/7 access and instant settlement using blockchain technology and stablecoins.

The system will combine NYSEs existing trading engine with blockchain-based post-trade infrastructure, pending regulatory approval.

The move came as Sygnum said in a recent report that traditional financial institutions are moving toward blockchain-based infrastructure, with tokenization expected to go mainstream in 2026.