Posts in category

SBI Holdings


Japanese financial giant SBI Holdings is soon to launch a payments application for iOS and Android devices powered by Ripple’s distributed ledger technology. Takashi Okita, chief executive of SBI Ripple Asia – a joint venture between SBI Holdings and the San Francisco-based Ripple – revealed the website of the application, named MoneyTap, on Wednesday. While …

0 36

SBI Holdings, the investment arm of Japanese financial giant SBI Group, is making a new round of investment in a cryptocurrency exchange that’s under increased scrutiny from the country’s financial regulator. The investment firm said in a release on Monday that it’s increasing its stake in Japanese exchange LastRoots via an undisclosed investment, following an …

0 36

The world’s first bank-backed cryptocurrency exchange is now open to the public after months of delays. Japanese financial giant SBI Holdings formally launched its in-house cryptocurrency trading platform dubbed VCTRADE last month. Yet as reported by CoinDesk at the time, the trading service was only available for a group of selected users who pre-registered with the platform in …

0 36

Japanese financial giant SBI Holdings announced on Monday that its in-house cryptocurrency exchange is now live, after a months-long delay due to security concerns. Called VCTRADE, the service is currently only open for users who have pre-registered with the platform in October 2017, the company said in the announcement and expects it to be available for …

0 36

SBI Holdings, the venture capital arm of Japanese financial giant SBI Group, has added a stake in token trading platform Templum to its cryptocurrency portfolio companies. New York-based Templum announced Wednesday that it had gotten backing from SBI, thereby completing a $10 million round of financing. In October, the startup revealed that it had raised $2.7 million in …

0 38

SBI Bank LLC, a Russia-based commercial bank owned by Japanese financial giant SBI Holdings, is joining the New York City-based banking consortium R3. In an announcement Friday, the bank said it aims to join the financial group to advance R3’s Corda distributed ledger (DLT) platform, and push cross-industry adoption of blockchain technology. “We regard blockchains …

0 39

SBI Holdings, the investment arm of Japanese financial giant SBI Group, has canceled a business partnership with Chinese cryptocurrency exchange Huobi Group. In an announcement released Friday, SBI Holdings said it has decided to stop capital and business collaboration with Huobi in launching cryptocurrency exchanges in the country. As reported by CoinDesk, the two firms …

0 52

SBI Holdings, the financial services arm of Japan’s SBI Group, has added a cryptocurrency hardware wallet maker to its existing portfolio of cryptocurrency businesses. In an announcement on March 2, the financial giant said it has purchased a 40 percent stake in CoolBitX, a Taiwan-based manufacturer of “cold” wallets – hardware devices used to store …

0 41

Japanese banking giant SBI Group has again postponed the launch of its new cryptocurrency exchange, citing a need to boost security measures. In an announcement Tuesday, SBI said that, while the new platform – called SBI Virtual Currencies – has already started offering account registrations to certain priority investors, it will postpone the acceptance of applications …

0 44

SBI Holdings, the financial services division of Japan’s SBI Group, has revealed plans to move deeper into the world of cryptocurrencies and blockchain. In its latest financial report, SBI expressed plans for “the establishment of a new financial ecosystem based on cryptocurrency,” a move that includes carrying out joint research to gather “systematic knowledge” of blockchain …

0 38