SBI announces crypto joint venture with Swiss digital exchange SIX
The crypto venture is expected to formalize its operation by the end of 2021 and start offering its services by early 2022. SBI Digital Asset Holdings, a fully owned subsidiary of Japanese banking giant SBI Holdings, announced a joint crypto venture with Switzerland’s SIX digital exchange (SDX). The joint venture would be set up in Singapore through a crypto issuance company and aims to become a regional liquidity hub for institutions. SBI Holdings CEO Yoshitaka Kitao said:“This is an important step in building the necessary global infrastructure for widespread institutional adoption of....
Related News
SIX will join Swisscom and Sygnum in a new venture aimed to enable Swiss banks to offer digital assets to their customers.
SBI Holdings is reportedly considering mergers and acquisitions as a means of solidifying a potential deal. Japanese financial conglomerate SBI Holdings is reportedly planning to set up a joint cryptocurrency venture with foreign financial companies.SBI CEO Yoshitaka Kitao said that the Japanese company is in talks with other financial firms to launch a crypto venture, Reuters reports Feb. 15. The executive said that SBI currently has two potential deals.As part of the initiative, SBI is considering large-scale mergers and acquisitions. Kitao stated that such a deal would be necessary for....
The new platform aims to establish an institutional corridor between Europe and Asia. Switzerland’s principal stock exchange, SIX Swiss Exchange, and Japanese financial giant SBI Holdings have announced a joint cryptocurrency-related venture.According to a Dec. 8 announcement, the firms' digital asset-related subsidiaries, SIX Digital Exchange and SBI Digital Asset Holdings, are launching a new platform in Singapore. The venture will target regulated institutional clients, implementing technologies and market expertise from both SBI and SIX. The platform will include a wide range of....
A Swiss blockchain developer and Geely will provide enterprise blockchain solutions to clients, with a focus on digital identity, regtech and privacy enhancement technologies. Swiss enterprise blockchain developer, the Concordium Foundation, has signed a joint venture agreement with the $200 billion Chinese conglomerate, Geely Holding Group — the largest shareholder in Volvo and a Fortune Global 500 company. The joint venture will be 80% owned by Geely and 20% owned by Concordium, but operationally co-managed by both companies. The venture aims to provide Chinese businesses and clients....
Thai leading energy producer, Gulf Energy Development Company, hopes to complete a crypto Joint Venture (JV) with the world’s famous cryptocurrency exchange Binance in the Q 2 of 2022, a senior executive said in an interview with Reuters. Financial Chief Officer at Gulf Energy, Yupapin Wangviwat, affirmed; “Once we conclude talks with Binance on the […]