Leading Japanese financial services group SBI Holdings has entered a multimillion-dollar alliance with SC Ventures, the innovation and venture arm of Standard Chartered, to form a digital asset joint venture in the United Arab Emirates. SC Ventures announced this development in a...
- SBI Holdings and SC Ventures collaborate for a $100 million digital asset joint venture in the UAE.
- The joint venture will concentrate on infrastructure, risk and compliance tools, DeFi, tokenization, consumer payments, and the metaverse.
- SBI Holdings is also set to launch a 100 billion yen fund for Japan-based tech startups focusing on Web3 and AI.
Leading Japanese financial services group SBI Holdings has entered a multimillion-dollar alliance with SC Ventures, the innovation and venture arm of Standard Chartered, to form a digital asset joint venture in the United Arab Emirates.
SC Ventures announced this development in a statement on its official website. Per the announcement, the joint venture will concentrate on a broad spectrum of digital asset investments with an initial capital injection of $100 million. The focus includes market infrastructure, risk and compliance tools, decentralized finance (DeFi), tokenization, consumer payments, and the metaverse.
Alex Manson, CEO of SC Ventures, highlighted the venture’s strategic importance in tapping into the evolving global digital asset ecos…
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