Osaka Digital Exchange (ODX)
Wiki route
This entry sits under securities index. Read it with financial instruments business operators japan index for adjacent context and JapanFG index for the broader system boundary.
TL;DR
Osaka Digital Exchange operates an equity PTS and START, a proprietary trading system for security tokens. ODX’s official company profile lists stock PTS operation and security-token PTS operation as its business, and its site describes START as a domestic first organized secondary market for security tokens.
For FinWiki, ODX is the bridge between old securities market structure and tokenized securities.
System Map
| Layer | Reading |
|---|---|
| Legal name | Osaka Digital Exchange Co., Ltd. |
| Founded | 2021-04-01 |
| Registration | Kanto Local Finance Bureau FIBO No.3328 |
| Business | Equity PTS and security-token PTS operation. |
| Main shareholders | SBI PTS Holdings, SMFG, Nomura Holdings, Daiwa Securities Group, Cboe Worldwide Holdings. |
| Associations | JSDA supporting member; Japan STO Association and Japan Security Token Association supporting member. |
Market Map
| Market | Reading |
|---|---|
| ODX Equity PTS | Third PTS venue for listed equities; intended to improve execution competition and liquidity. |
| START | Security-token secondary market with its own rulebook and START identifiers. |
| Tokenized deposit DvP tests | ODX has public news flow around tokenized-deposit settlement experimentation for security-token transactions. |
Strategic Reading
ODX matters because it puts three themes into one entity:
- PTS competition against TSE execution (peer venue: Japannext);
- security-token secondary liquidity tied to Progmat tokenization infrastructure;
- bank-backed digital settlement experiments coordinated with SMFG / Nomura / SBI HD shareholders.
It should be read together with Progmat, trust-type stablecoin design, and securities-settlement infrastructure (JASDEC / JSCC).
Related
- tokyo-stock-exchange
- japannext-securities
- japan-securities-clearing-corp
- japan-securities-depository-center
- jp-stablecoin-progmat
- jp-trust-type-sc-architecture
- sbi-hd
- smfg
- nomura-hd
- daiwa-sg
Sources
- ODX: Corporate site.
- ODX: Company profile.
- ODX: START launch-date notice.
- FSA: Financial instruments business operator list.