Japan's SBI Holdings and Saudi Aramco have forged a strategic alliance, encompassing joint digital asset investments, support for Japanese startups, and collaborative ventures in semiconductor projects. SBI plans Middle East expansion in Riyadh.
BerniceThe collaboration explores diverse projects, including digital assets, and the establishment of semiconductor factories in both Japan and Saudi Arabia
BrianCircle and SBI Holdings have partnered to expand USD Coin (USDC) in Japan, capitalizing on regulatory changes. The collaboration aims to set new standards in the financial sector, with SBI seeking approval for electronic payment services. Despite Circle's U.S. base, Asia leads in USDC adoption. The move aligns with Japan's push towards a Web3 economy. SBI Shinsei Bank will support USDC access, contributing to its $24.6 billion market cap, positioning it as the second-largest stablecoin.
BerniceThe move follows the Japanese government's recent revision of the Payment Services Act on June 3, 2023, which aims to regulate stablecoins.
DavinSC Ventures and SBI Holdings form a $100 million crypto investment initiative, signalling their active involvement in decentralised finance, tokenisation, and the metaverse.
Hui XinAlready, significant contributors to this fund include Sumitomo Mitsui Banking Corporation, Mizuho Bank, Nippon Life Insurance, and the Daiwa Securities Group, committing a total investment exceeding 50 billion yen.
BrianTogether the companies will target blockchain-based issuance and distribution services targeting institutional investors.
LedgerinsightsThe year 2022 hasn't been positive for the crypto market. Many crypto companies, investors, and miners lost a lot of ...
BitcoinistAfter terminating mining operations in Russia's mining-rich region of Siberia in February, SBI still continues running some mining activity in the country.
CointelegraphUnder the U.S. Commodity Exchange Act and CFTC regulations, derivatives exchanges must have approval to operate as a Designated Contract Market or a Swap Execution Facility.
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