• Thu, 20 Jun 2019, 10:11 AM
  • All times are UTC
  • Edition:
    International
Copy link
Increase text size
Decrease text size
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. >

To leave a comment, please sign in.
More
  • Bitcoin (BTC) $9,240.71 (+1.04%)
  • Ethereum (ETH) $268.23 (-0.06%)
  • XRP (XRP) $0.429400 (-0.96%)
  • Litecoin (LTC) $135.12 (-1.70%)
  • Bitcoin Cash (BCH) $409.15 (-1.77%)
  • Bitcoin (BTC) $9,240.71 (+1.04%)
Jun 20, 2019 (Thursday)
09:42
QuadrigaCX co-founder Gerald Cotten used user cryptocurrency for own trading: EY Report
08:39
Blockchain firm Algorand's token sale raises $60M within four hours
07:33
Brazil seeks to curb tax fraud, publishes new rules for cryptocurrency exchanges
06:49
Open banking platform Token secures $16.5M strategic investment to transform payment industry
06:40
U.S. Senate schedules July hearing for Facebook's Libra crypto
06:36
Major JSTA-Securitize partnership aimed at boosting Japanese digital securities adoption
06:22
HSBC-Dubai blockchain partnership to shake up the retail industry
05:51
Blockchain dominates Singapore skills market in new LinkedIn report
05:28
New cryptocurrency auditing tool announced by PwC
05:06
Hard Core Fund secures 50 BTC to fund bitcoin developers
04:25
Cloudflare bets big on Ethereum, new gateway announced
03:59
Russia to soon approve cryptocurrency bill
03:45
Ethereum-powered video platform raises $8M in Series A funding led by Northzone
03:36
U.S.-based Monsoon Blockchain inks MOA with two Philippines government agencies DTI, DICT
03:32
India's TRAI may implement blockchain in mobile number portability
Jun 19, 2019 (Wednesday)
12:31
Block.one pays $30M for domain name of upcoming blockchain-based social media platform “Voice”
10:56
R3, ripe.io team up to enhance transparency and trust for food and agricultural supply chain using blockchain
09:42
Crypto Technicals: XMR/USD pares previous sessions' losses, close above $100 mark to propel further gains
09:32
Georgian government and universities team up with IOHK to explore blockchain potential
08:33
Crypto Technicals: ETH/EUR retraces with 'Hammer' formation, breakout at 50H SMA (240) to see further upside
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft