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<ul class="news-points">
 <li>SBI Holdings and SC Ventures collaborate for a $100 million digital asset joint venture in the UAE.</li>
 <li>The joint venture will concentrate on infrastructure, risk and compliance tools, DeFi, tokenization, consumer payments, and the metaverse.</li>
 <li>SBI Holdings is also set to launch a 100 billion yen fund for Japan-based tech startups focusing on Web3 and AI.</li>
</ul>
Leading Japanese financial services group SBI Holdings has entered a multimillion-dollar alliance with SC Ventures, the innovation and venture arm of <a href="https://coinedition.com/standard-chartered-bank-predicts-bitcoin-to-hit-50000/" target="_blank" rel="noopener noreferrer nofollow">Standard Chartered</a>, to form a digital asset joint venture in the United Arab Emirates.&nbsp;
SC Ventures <a href="https://scventures.io/scventures-sbi-holdings-to-partner-in-setting-up-a-digital-asset-joint-venture-in-uae/" target="_blank" rel="noopener noreferrer nofollow">announced</a> 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, <a href="https://coinedition.com/what-is-defi-lets-understand-decentralized-finance/" rel="noopener noreferrer nofollow">decentralized finance (DeFi)</a>, 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…
The post <a href="https://coinedition.com/sc-ventures-sbi-holdings-launch-100-million-crypto-fund-in-uae/" rel="noopener noreferrer nofollow">SC Ventures, SBI Holdings Launch $100 Million Crypto Fund in UAE</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

SC Ventures, SBI Holdings Launch $100 Million Crypto Fund in UAE

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