The $fintech investment arm of #StandardChartered, #SCVentures, and #SBIHoldings join forces in $100M Digital Asset Venture in #UAE. Read More The post SC Ventures and SBI Holdings Collaborate to Launch Digital Asset Joint Venture in UAE appeared first on Crypto News Land.
- SC Ventures and SBI Holdings launch $100M Digital Asset Joint Venture in UAE.
- Focus on digital assets: Market infrastructure, DeFi, tokenization, Metaverse, and more.
- Strategic partnership expands SC Ventures’ global footprint in digital assets landscape.
The joint venture will prioritize investments in various areas, including market infrastructure, risk and compliance tools, decentralized finance (DeFi), tokenization, consumer payments, and the Metaverse. This move comes as the UAE solidifies its position as a fintech hub, boasting robust infrastructure and a burgeoning pool of talent.
The strategic collaboration follows Standard Chartered’s memorandum of understanding with the Dubai International Financial Centre in May 2023, focusing on digital asset custody. Manson emphasized the joint venture’s plan to make strategic and minority investments in critical areas of the digital asset landscape, reflecting a broader strategy to expand their footprint in the region and across the digital assets ecosystem.
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