Osaka Digital Exchange (ODX)
Confidence Likely
Updated 2026-05-20
Review by 2026-11-20
Sources 4 Machine-translated Original (JA) #securities#pts#security-token#digital-securities#market-infrastructure
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.
Discovery
Keep reading
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- JASDEC settlement operations This entry sits under banking index as a settlement-infrastructure deep dive that is directly load-bearing for the trust-bank custody operating models. Read it alongside JASDEC entity page a... banking/jasdec-settlement-operations
- Japan securities license stack Japan securities activity is not controlled by one generic "broker license." The practical stack is built from the Financial Instruments and Exchange Act (FIEA), FSA / Local Finance Bureau r... financial-licenses/securities-license-stack
- Japan Exchange Group (JPX) This entry sits under financial-regulators INDEX. Read it against 日本証券金融 (JSF) for peer / contrast context and securities index for the broader system / regulatory boundary. financial-regulators/japan-exchange-group
- Japan Securities Finance (JSF) This entry sits under financial-regulators INDEX. Read it against 日本取引所グループ (JPX) for peer / contrast context and securities index for the broader system / regulatory boundary. financial-regulators/japan-securities-finance
- Japan financial instruments business operators registry index FSA's financial instruments business operator list contains 1,945 operators as of 2026-04-30. This page is the registry-control route for the FIEA / FIBO population. It does not reproduce al... securities/financial-instruments-business-operators-japan-index