• Thu, 22 Aug 2019, 09:38 AM
  • All times are UTC
  • Edition:
    International
Copy link
Increase text size
Decrease text size
Link copied

SBI Holdings expands partnership with blockchain startup R3 to establish new joint venture company

Tue, 29 Jan 2019, 09:18 am UTC

Japanese financial services giant SBI Holdings has announced that it has signed a contract with enterprise blockchain software firm R3 to establish a joint venture company.

The plan to establish the joint venture was first reported by Nikkei last month. The move comes as the SBI Group seeks to enhance the digital asset ecosystem by expanding its investments and partnerships with venture companies related to digital asset platforms.

SBI Holdings became a member of the R3-led blockchain consortium back in 2016. The consortium has grown to more than 300 members from both the private and public sectors that develop on Corda, its open-source blockchain platform, and Corda Enterprise, a commercial version of Corda for enterprise usage.

In its official release, SBI Holdings said that it became the largest outside shareholder of R3 through its investment in May 2017. The SBI Group has been providing training programs for Corda in Japan.

The new venture, called SBI R3 Japan Co., Ltd., will “support provision and introduction of the Corda license, arrange schemes for its actual use beforehand, as well as promote collaboration with overseas offices of R3 and other Corda partners,” the announcement reads.

The new company also intends to develop its businesses in the Eastern Asian Region.

In 2016, SBI Holdings had formed another joined venture company with blockchain startup Ripple. Called SBI Ripple Asia, the company completed its registration with the Kanto Local Finance Bureau as a licensed agent for handling electronic payments in September 2018.

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (BTC) $10,005.60 (-1.81%)
  • Ethereum (ETH) $186.70 (-0.77%)
  • XRP (XRP) $0.264300 (-0.40%)
  • Bitcoin Cash (BCH) $297.92 (-0.73%)
  • Litecoin (LTC) $72.76 (+0.65%)
  • Bitcoin (BTC) $10,005.60 (-1.81%)
Aug 22, 2019 (Thursday)
09:16
Former Zaif exchange owner Tech Bureau to discontinue crypto business after completing customer refunds
08:32
Crypto Technicals: XLM/USD bearish trend intact, hits multi-month lows at 0.06542
07:33
Russian firm ICORating settles $270K fine with SEC for concealing ICO touting payments
07:24
Travelport, IBM, BCD Travel to develop blockchain solution for hotel commissions
07:19
Trade.io ends relationship with Forbes CryptoMarkets portal
06:25
Winklevoss twins-owned crypto exchange Gemini expands to Australia
06:20
South Korea’s Woori Financial to develop blockchain-based financial services with Ground X
06:17
Crypto Technicals: Bitcoin Gold hits 5-month lows below $13, momentum studies bearish
05:39
Digital securities platform Securitize becomes SEC-registered transfer agent
04:01
Indian Supreme Court grills RBI for cryptocurrency banking ban
03:49
Cryptopia customers did not have individual wallets; liquidator Grant Thornton to manually determine crypto ownership
03:34
Korean crypto exchange Prixbit shuts down over financial crisis
03:31
Crypto Technicals: BTC/USD below $10K, breach of 'Symmetric Triangle' could plummet prices further
Aug 21, 2019 (Wednesday)
12:56
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
12:27
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
12:25
European Commission looks into “potential anti-competitive behavior” of Facebook's Libra: Report
11:10
Thailand’s Siam Cement Group seeks to expand Corda-based ‘Procure to Pay’ solution to 2,400 suppliers by 2020
10:40
Crypto Technicals: BCH/USD rejected at cloud, violation at 200-DMA to open up downside
10:21
Blockchain settlement startup Fnality adds former UBS and IMF executives to management team
09:17
Austrian telecom giant A1 to offer cryptocurrency payment option
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft