Ripple to Invest in Japan’s SBI Subsidiary MoneyTap
Ripple plans to invest in MoneyTap, the blockchain payments app birthed through a joint venture between the San Francisco-based firm and SBI Holdings.
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Leading Japanese Investment bank, Nomura has decided to launch a crypto subsidiary. This new unit by Nomura shall be operated outside of Japan with a team of 100 personnel by the end of next year. This move is primarily concerned with facilitating institutional clients could invest in cryptocurrencies and non-fungible tokens. The report from Financial […]
Japan’s largest investment banking broker is set to launch a subsidiary focused on institutional bitcoin and cryptocurrency products.
SBI plans to add support for Ether and XRP lending in the near future. Japanese financial giant SBI Group is introducing a cryptocurrency lending service through its crypto-related subsidiary, SBI VC Trade.According to an official announcement on Nov. 24, the new crypto lending platform will allow users to lend their crypto to SBI and earn interest at a rate of 1% with taxes included.The new service, dubbed VC Trade Lending, will initially support the major cryptocurrency Bitcoin (BTC), with SBI further planning to add support for Ether (ETH) and XRP. The minimum lending amount is 0.1 BTC,....
The leading Japanese bank plans on establishing a crypto subsidiary outside of Japan and will acquire about 100 personnel to work in the digital asset space. The largest investment bank in Japan, Nomura, is set to establish a new subsidiary company to help institutional clients invest in cryptocurrency and nonfungible tokens (NFTs).The Financial Times reported on Tuesday, May 17, that people with knowledge of Nomura’s plans said the firm will bring together several crypto services under one single company with a staff of about 100 people by 2023.Nomura is one of Japan’s ten largest banks....
According to a recent report by CoinPost, MUTB, a subsidiary of Mitsubishi UFJ Financial Group, one of Japan’s largest financial institutions, in partnership with Binance Japan and Progmat, has announced the start of joint consideration for the development of a new stablecoin. Leveraging the Progmat Coin platform, compliant with Japanese regulations, the collaborative effort aims […]