SBI Holdings
SBI Holdings is a financial services company group based in Tokyo, Japan. It has three core businesses: Financial Services, Asset Management, and Biotechnology, Healthcare & Medical Informatics.
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Sumitomo Mitsui Financial Group to Acquire 5% Stake in SBI-Startale Joint Venture to Advance Japanese Yen Stablecoin JPYSC Adoption
According to Nikkei, Sumitomo Mitsui Financial Group (SMFG) plans to acquire a 5% stake in SBI Startale Marketing, a joint venture established by SBI Holdings and Startale Group, in the near term. The two parties intend to leverage SMFG's customer base to promote the application of the Japanese yen stablecoin JPYSC in financial services such as asset management and payments.
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BlackRock Partners With SBI and Startale to Explore Interoperability Between Tokenized Money Market Funds and Japanese Yen Stablecoins
According to The Block, BlackRock Financial Management Company, BlackRock Japan, Japanese financial group SBI Holdings, and Startale Group have signed a memorandum of understanding (MOU) to explore linking tokenized money market funds (MMFs) with the Japanese yen stablecoin JPYSC, and will research related technological infrastructure, business models, distribution channels, and regulatory requirements.
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Two subsidiaries of SBI sign memorandum of understanding with South Korea's Shinhan Card to explore stablecoin cross-border payments and settlements
SBI Holdings' joint venture SBI XDC Network APAC and its cryptocurrency trading subsidiary SBI VC Trade have signed a memorandum of understanding (MOU) with major South Korean credit card issuer Shinhan Card to collaborate on building a blockchain-based global payment and settlement ecosystem.
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SBI VC Trade and South Korea's Shinhan Card Reach Collaborative Intent to Explore Offline Yen Stablecoin Payments
As reported by CoinPost, SBI VC Trade, a cryptocurrency exchange under the SBI Group, and SBI XDC Network APAC, a joint venture with SBI Holdings, signed a memorandum of understanding with Shinhan Card, one of South Korea’s largest credit card companies, on October 21, to jointly build a blockchain-based global payment ecosystem. The three parties will explore the integration of digital assets, such as Japanese yen stablecoins, with in-store payment services, and assess the commercial viability of new digital payment services and business models through pilot programs. Meanwhile, SBI XDC Network APAC and Shinhan Card will collaborate to advance the development of the XDC Network infrastructure and ecosystem for trade finance and enterprise use cases.
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South Korea's KB Kookmin Card and Japan's SBI Holdings Collaborate to Explore Korea-Japan Stablecoin Payments
According to Maeil, South Korea's KB National Card has signed a Memorandum of Understanding (MOU) for business cooperation with Japanese financial group SBI Holdings and other institutions to jointly validate AI agent authentication technology and explore a stablecoin-based cross-border payment model between South Korea and Japan.
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SBI Acquires Japanese Crypto Exchange Bitbank in ¥46.7 Billion All-Cash Deal
Odaily reports: Japanese licensed crypto exchange Bitbank has announced that SBI Holdings completed its full subsidiary acquisition of the company on October 1. Following Bitbank's buyback of shares from MIXI and Ceres, all previously planned transactions have been finalized, making Bitbank an indirectly 100%-owned subsidiary of SBI Holdings. The total consideration for the share acquisition and capital increase previously disclosed by SBI was approximately ¥46.7 billion. Bitbank CEO Noriyuki Hirosue will remain in his position. The company stated that existing exchange services will not be affected by the transaction, and that it will further expand its digital asset business by leveraging SBI's financial capabilities, customer base, and resources.
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JR Kyushu plans to partner with SBI Holdings to enter the comprehensive financial services sector.
According to a report by The Nikkei, JR Kyushu will establish a business partnership with SBI Holdings to jointly develop an integrated financial app providing banking, securities, and insurance services to meet users' asset management needs. The related services are planned to launch within fiscal year 2027, and both parties are expected to officially announce the cooperation on September 25.
SBI and Kyobo Life Complete JPY-KRW Test Token Cross-Border Settlement Pilot, Bypassing the US Dollar
Odaily News: SBI Digital Practice, the Canton business subsidiary of SBI Holdings, and South Korean life insurer Kyobo Life have completed a cross-border pilot, directly exchanging JPY-pegged test tokens for KRW-pegged test tokens in the Canton Network test environment.The pilot covered the cross-border transfer, exchange, settlement, receipt, and custody of digital tokens, with funds transferred from Japan to South Korea without going through a USD conversion step. Kyobo Life stated that this is the first time South Korea's insurance industry has verified the full process of institutional cross-border fund transfer, exchange, and settlement.The two parties plan to pursue further cooperation around digital asset exchange, overseas investment, asset management, and tokenized asset transfer. Kyobo Life also tested the process of receiving, storing, and managing digital assets and related settlement funds in South Korea. (Bitcoin.com News)
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SBI Invests $270 Million in Indonesia's Ajaib, Accelerating Southeast Asian Expansion of Yen Stablecoin
Odaily News - Japanese financial giant SBI Holdings plans to acquire approximately 20% of Indonesia's online brokerage Ajaib Group for $270 million, with the transaction expected to be completed by the end of August. The investment aims to drive the adoption of its yen stablecoin JPYSC in Southeast Asia and build a blockchain-based cross-border settlement network.Ajaib offers online securities trading, forex margin trading, cryptocurrency, and asset management services in Indonesia. SBI stated that this investment will help it further enter the Indonesian market and strengthen its digital asset infrastructure footprint in the Southeast Asian region.Notably, this is part of SBI's recent efforts to intensify its push into Southeast Asia's digital asset market. Earlier, in July, SBI acquired approximately $100 million worth of Singapore-based crypto exchange Coinhako and invested in Singapore's digital securities trading platform DigiFT, with both parties also establishing a joint venture. SBI is progressively building a regional financial infrastructure network covering crypto assets, digital securities, stablecoins, and cross-border settlement. (CoinDesk)
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Crypto market maker B2C2 has been in contact with multiple potential buyers over the past 18 months, seeking a valuation of over $1 billion
According to CoinDesk, citing sources familiar with the matter, cryptocurrency market maker B2C2, 90% owned by Japan's SBI Holdings, has held discussions with multiple potential acquirers regarding a partial or full sale over the past 18 months.
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B2C2 seeks valuation over $1 billion, has held talks with multiple potential acquirers over the past 18 months
B2C2, a crypto market maker in which SBI Holdings holds a 90% stake, has been in acquisition negotiations with multiple potential acquirers over the past 18 months. The negotiations have been impacted by valuation differences. B2C2 is seeking a transaction price exceeding $1 billion, which one source familiar with the matter said is difficult to achieve in the current crypto market environment. These talks have taken place against the backdrop of consolidation in the digital asset industry, as several companies seek to expand their institutional businesses and increase scale through acquisitions.
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2028 could be the earliest window for Japan's first spot Bitcoin ETF listing
Odaily News Japanese regulators are advancing adjustments to the legal framework for digital asset investments, with spot Bitcoin ETFs potentially receiving approval for listing as early as 2028. However, the timeline remains subject to progress in regulation, product review, and tax reform. On July 15, Japan's Diet approved the transfer of Bitcoin and approximately 105 other crypto assets from the framework of the Payment Services Act to the Financial Instruments and Exchange Act, removing a major legal barrier for related funds to list on the Tokyo Stock Exchange. Major Japanese financial groups such as SBI Holdings and Nomura are preparing digital asset products. Japan also plans to adjust the crypto asset tax system from a miscellaneous income tax of up to 55% to a separate self-assessment tax rate of approximately 20.315%.
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SBI Holdings Acquires Majority Stake in Coinhako, Receives Regulatory Approval
Japanese financial services company SBI Holdings has acquired a majority stake in Singapore-based cryptocurrency exchange Coinhako, and has received regulatory approval. Following the completion of this transaction, SBI Holdings further expands its cryptocurrency business footprint in Asia. Coinhako is a local trading platform based in Singapore.
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SBI Holdings Receives Singapore Regulatory Approval to Complete Acquisition of Local Licensed Exchange Coinhako
SBI Holdings, a major Japanese financial group, has obtained relevant approval from the Monetary Authority of Singapore (MAS) to complete the acquisition of Coinhako, a Singapore-licensed crypto exchange and digital wallet service provider. Coinhako is a licensed digital asset platform in Singapore, offering services including cryptocurrency trading and asset custody. (coinhako)
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SBI Holdings 完成收购 Coinhako 多数股权，推进日本与东南亚数字资产布局
SBI 控股宣布，已于 7月 16 日完成对新加坡加密货币平台 Coinhako 多数股权的收购，并将其纳入合并子公司范围。该交易已获得新加坡金融管理局必要批准。
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Japan's Security Token Platform Progmat Migrates to Avalanche, Bringing Nearly $3 Billion in Assets On-Chain
Odaily Planet Daily – Japan's digital asset issuance and management platform Progmat has completed its migration to the Avalanche blockchain, transferring security token assets worth over 452 billion yen (approximately $2.7 billion) from its existing private permissioned ledger to a dedicated Avalanche Layer 1 network.Progmat stated that this migration was not a simple swap of the underlying ledger but a redesign of the platform's architecture, ensuring the system no longer relies on a single blockchain and laying the foundation for supporting a multi-chain ecosystem in the future.During the migration process, all existing smart contracts were transferred to the EVM environment while maintaining the functionality and rules of already-launched projects. The entire migration process had no impact on the operations of financial institution users, with all business continuing to run normally.According to Progmat, following the migration, the processing speed for transferring asset rights has improved approximately 3 to 5 times compared to the previous environment, with final confirmation times reduced to under 2 seconds.Progmat was initially incubated by Mitsubishi UFJ Trust and Banking, part of one of Japan's largest banks, MUFG, and became independently operated in October 2023. The platform is currently supported by institutions including Mizuho Financial Group, Tokyo Stock Exchange, and SBI Holdings. (The Block)
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SBI Holdings: Advancing On-Chain Transformation, Deploying "Token Economy" End-to-End Services
According to The Block, Japanese financial group SBI Holdings has recently made a series of aggressive moves, completing multiple major crypto investments in succession: exclusively investing $125 million in Gauntlet's Series C, $76 million in EDX Markets' Series C, spending approximately $289 million to acquire Japanese crypto exchange Bitbank, and taking a stake in Singaporean exchange Coinhako. In addition, SBI also participated in Digital Asset's $355 million financing, Morpho's $175 million token round, and Circle's $222 million token presale, and launched Japan's first trust bank-backed yen stablecoin, JPYSC. SBI stated that the company is driving the group's overall on-chain transformation, aiming to provide end-to-end services across exchanges, asset tokenization, market platforms, and other segments, to position itself ahead of the upcoming "token economy" era. Analysts point out that SBI is building Asia's first scaled on-chain asset management business; its strategic core is not purchasing crypto exposure, but controlling the infrastructure of the next-generation financial system. On the regulatory front, the Japanese parliament is advancing legislation to include cryptocurrencies as regulated financial instruments, and plans to significantly reduce the capital gains tax on crypto assets from 55% to 20% by 2028, aligning it with stocks and bonds, providing policy support for institutional entry.
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DeFi asset management and risk analysis company Gauntlet secures $125 million financing from Japanese financial giant SBI Holdings
According to Fortune, DeFi asset management and risk analysis company Gauntlet completed a $125 million financing round, exclusively invested by Japanese financial group SBI Holdings. The financing was completed in June this year, and the specific valuation was not disclosed. This is Gauntlet's largest financing round since its establishment in 2018, far exceeding its $24 million Series B round in 2022 led by Ribbit Capital at a $1 billion valuation. Gauntlet was founded by former Wall Street quantitative trader Tarun Chitra. It initially focused on providing stress testing and vulnerability analysis services for DeFi protocols. Later, as the DAO governance model waned, it gradually transitioned to a "treasury curation" business—assessing yield strategy risks through quantitative analysis to help institutional investors manage digital asset allocation. Currently, its clients include asset management giant Apollo, Coinbase, and stablecoin issuer Circle.
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Digital asset trading platform EDX Markets has completed a $76 million Series C funding round, led by SBI Holdings.
EDX Markets, an institutional digital asset trading platform, announced the completion of a $76 million Series C funding round, led by Japan's major financial group SBI Holdings. The company stated that the proceeds from this round will be used to upgrade its trading, clearing, and settlement infrastructure, accelerate product iteration, and promote the scaled rollout of global institutional services.Previously, EDX had launched EDX FlowConnect, empowering enterprises to compliantly launch digital asset trading services. Additionally, the platform has submitted an application to the U.S. Office of the Comptroller of the Currency (OCC) to establish EDX Trust, aiming to build a federally regulated digital asset custody, clearing, settlement, and risk management system. (Prnewswire)
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Ripple’s RLUSD Stablecoin Officially Launches in Japan
According to The Block, Ripple’s USD-pegged stablecoin RLUSD has received regulatory approval from Japan’s Financial Services Agency (FSA) and has officially launched in Japan, classified as a “new type of electronic payment instrument” under the Payment Services Act. The stablecoin is available to institutional and retail users via SBI VC Trade, the cryptocurrency platform operated by Japanese financial conglomerate SBI Holdings.
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