SBI

SBI Holdings subsidiary continues XRP benefit program

Morningstar, a financial information services subsidiary of Japanese financial giant SBI Group, will continue its XRP shareholder benefits program. According to an official announcement Friday, Morningstar has approved year-end shareholder benefits in the form of XRP. The new dividend payout option comes as part of the company’s year-end reward program to thank its shareholders for …

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SBI looking to set up joint crypto ventures with foreign firms

Japanese financial conglomerate SBI Holdings is reportedly planning to set up a joint cryptocurrency venture with foreign financial companies. SBI CEO Yoshitaka Kitao said that the Japanese company is in talks with other financial firms to launch a crypto venture, Reuters reports Feb. 15. The executive said that SBI currently has two potential deals. As …

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Finance giant SBI expands cryptocurrency lending service to XRP

Japanese financial services firm SBI Group has enabled XRP lending through its cryptocurrency-related subsidiary, SBI VC Trade. According to a Feb. 4 announcement, SBI VC Trade Lending users can now earn interest by depositing their XRP holdings between 1,000 and 100,000 XRP, with the lending period lasting up to 84 days. “VC Trade Lending is …

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SBI Holdings and SMFG to launch digital securities exchange in 2022

Japanese finance giaSBI Holdings is building a digital stock exchange in collaboration with Sumitomo Mitsui Financial Group, or SMFG. According to a Jan. 28 Nikkei report, the new digital securities exchange is expected to be the first Japanese exchange trading digital stocks using blockchain technology. The companies are reportedly planning to roll out the exchange …

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SBI’s Acquisition of Crypto Firm Helps the Asian Giant Create Full-Fledged Digital Asset Trading Desk

2020’s Crypto Performances: The Biggest Token Losers and This Year’s Top-Performing Cryptocurrencies Digital currency markets have climbed significantly in value all year long, despite the gloomy global economy and the aftermath of Covid-19 responses. Bitcoin prices have been hovering at values not seen since 2017, and the top crypto asset in terms … read more. …

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Japanese financial giant SBI acquires TaoTao crypto exchange

Japan’s largest on-line financial conglomerate, SBI Holdings, now owns two licensed cryptocurrency trading platforms with its new acquisition of TaoTao exchange. According to an official announcement on Oct. 7, SBI’s foreign exchange and derivatives arm SBI Liquidity Market has acquired all shares of TaoTao, making it a wholly-owned subsidiary of the company. Formerly 40% owned …

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SBI Moves Into Security Tokens as Secondary Markets Pump

Major Japanese financial services company SBI Holdings now owns a 10% stake in the digital security offering platform Boostry. The news follows the signing of a memorandum of understanding between Nomura Research Institute — a joint venture of Boostry’s majority-owner Nomura Holdings — and SBI. 54% of the platform is owned by Nomura Holdings, Nomura …

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SBI Invests $30M in B2C2, Largest Proclaimed Market Maker in XRP

SBI Financial Services, a subsidiary of Japanese financial giant SBI Holdings, has bought a $30 million minority stake in British crypto liquidity startup, B2C2. The investment marks the beginning of a strategic partnership between the firms as B2C2 is set to become SBI’s main liquidity provider. As announced on July 1, the collaboration is aimed …

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SBI Ripple Asia CEO Expects Greater ODL Expansion into Asia by 2021

Asia may be the next proving ground for crypto firm Ripple to reach with its cross-border payments corridor. In a June 18 interview on the YouTube channel Thinking Crypto, Adam Traidman, CEO of SBI Ripple Asia—a subsidiary of Japanese financial services giant SBI Holdings—said Ripple has started to roll out its On-Demand Liquidity (ODL) solution …

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Cryptocurrency News From Japan: June 14 – June 20 in Review

This week’s headlines from Japan included research company Xangle releasing a report on Japanese crypto regulation, Binance supporting Japan’s language but not its residents, SBI Holdings turning gift certificates digital with blockchain, and Nomura Holdings opening a crypto custody service with Ledger and Coinshares.  Check out some of this week’s crypto and blockchain headlines, originally …

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