Japanese financial giant SBI holdings continue to deepen its roots within the cryptocurrency and blockchain industry with new acquisitions and investments. According to recent reports, SBI group’s digital asset management division SBI digital has entered a partnership with Securitize Japan Co. to integrate Securitize’s digital securities issuance and management platform with SBI’s investor wallet and custody solution “sbiwallet”.
The move is expected to introduce a one-stop service for the Japanese market per the official announcement.
Regulated in the U.S. by the SEC and FINRA, Securitize is a popular solution that helps digital securities issuers sell, issue, and manage digital securities in an efficient and compliant manner. A part of the announcement reads:
“By integrating with SBI DAH’s Investor Wallet Custody Solution (sbiwallet), Securitize will be able to provide customers with a one-stop digital securities management solution with world-class convenience and security.”
SBI Digital Asset Holdings has been working to promote the adoption of cryptocurrencies in the Asian region. The institution had recently announced plans to start a Singapore-based digital asset exchange with the SIX Group.
The SBI Group has also been working with blockchain remittance giant Ripple, to provide cross-border solutions to many of its customers, while also establishing a joint venture with the company.
According to Hideji Kobayashi, the Country Head of Securitize Japan:
“This partnership will give our customers one-stop access to the STO platform with industry-leading security and convenience. Through this, the STO market in Japan I would be happy if I could help with the development.”
SBI continues to boost Crypto adoption
As previously reported by The Daily Chain, the recent announcement comes days after SBI holding’s subsidiary, SBI Financial Services acquired a minority stkae in B2C2, a cryptocurrency trading firm based in London.
In terms of industry influence, B2C2 is one of the largest liquidity providers in the business and has helped firm’s trade large amounts of cryptocurrency since 2015. Furthermore, they have partnered with other companies like Fireblocks. All this will likely make them a good fit for SBI Holdings’ expansion plans.
Last month, SBI holdings announced the launch of a new crypto lending platform dubbed VC Trade Lending, that will allow users to borrow their crypto via SBI and earn an interest rate of 1%, including tax. The platform doesn’t charge account management fees or annual membership fees for VC Trade Lending. The service also does not charge any fees for deposits made in Japanese yen or crypto.