• Sat, 25 May 2019, 04:00 PM
  • All times are UTC
  • Edition:
Link copied

Japan’s SBI Holdings to launch cryptocurrency derivatives platform, invests in Clear Markets

Thu, 02 Aug 2018, 08:56 am UTC

Japanese financial services giant SBI Holdings is making efforts to create a cryptocurrency derivatives trading platform for institutional investors, a recent report from Nikkei Asian Review has revealed.

SBI Crypto Investment, a wholly-owned subsidiary of SBI Holdings, has made an investment in Clear Markets, a North Carolina-based developer of digital marketplaces. According to the details, it has purchased 12 percent stake in Clear Market, which Nikkei estimates to be worth around 1 billion yen ($9 million).

Last October, SBI Holdings announced its plans to create a cryptocurrency-based financial ecosystem. Since then, it has made a number of investments in crypto- and blockchain based startups, including OwlTing, Templum, Lancium Technologies – a company providing wind power to cryptocurrency “mines”, and cryptocurrency hardware wallet provider CoolBitX, among others. Last month, the company launched its virtual currency exchange, VCTRADE, to the public.

In its official release dated July 31, SBI said (loosely translated):

“As a provider of electronic trading platforms, Clear Markets has obtained approval... in Japan, the United States, UK…and is planning to launch the SWAP trading service of digital asset including virtual currency in future. We believe that these efforts will greatly contribute to the development of the digital asset ecosystem by the SBI Group.”

Earlier this year, SBI Investment, a wholly owned subsidiary of SBI Holdings, announced a new AI & Blockchain Fund to invest in promising venture companies in the field of artificial intelligence (AI) and blockchain. In an announcement dated July 31, SBI said that it has decided to expand the fund offer limit to 60 billion yen from 50 billion yen.

<Copyright © TokenPost. All Rights Reserved. >

The commenting service is available only after having logged in.
  • Bitcoin (BTC) $8,054.13 (-0.30%)
  • Ethereum (ETH) $252.22 (-0.47%)
  • XRP (XRP) $0.386900 (-0.86%)
  • Bitcoin Cash (BCH) $407.67 (-2.31%)
  • Litecoin (LTC) $101.66 (+1.46%)
  • Bitcoin (BTC) $8,054.13 (-0.30%)
May 24, 2019 (Friday)
Crypto Technicals: ETH/USD retraces above 1H 200-SMA, 'Hammer' on daily charts signals further gains
German engineering giant Bosch trials Ethereum blockchain
Crypto Technicals: BTG/USD grinds higher along 21-EMA, breakout at 61.8% Fib (25.74) will accentuate gains
Bank of Russia to review proposal on gold-backed cryptocurrency
Blockchain software firm Unstoppable Domains raises $4M from Draper Associates, Boost VC
Crypto Technicals: LTC/USD bounces off 21-EMA support, next bull target $109
Robinhood Crypto is now in New York
Facebook to launch its cryptocurrency 'GlobalCoin' in Q1 2020: Report
California resident sued for alleged $26M crypto Ponzi scheme
AT&T teams up with BitPay to become the first telecom to accept cryptocurrency payments
Rep. Swalwell accepting bitcoin donations in bid for US presidency
Grayscale receives FINRA approval to open Ethereum Trust to individual investors
Indian telco Airtel selects IBM for blockchain-based pan India anti-spam call solution: Report
Binance CEO CZ seeks compensation for reputational damage from Sequoia
Overstock.com’s blockchain subsidiary signs MOU with Lusaka city to develop land governance platform
Toyota, University of Tokyo, TRENDE to start testing blockchain-based electricity trading solution
Russia's NSD to roll out security token blockchain in June
May 23, 2019 (Thursday)
Crypto Technicals: IOT/USD holds 21-EMA support, retrace till 0.3185 (200-DMA) likely on break below
Coinstar extends bitcoin buying service to 21 US states
Crypto Technicals: BTC/USD bounces off session lows with 'Hammer' formation, bias neutral
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.