Category: SBI

Ripple partner SBI Remit rolls out international money transfer service to 13,400 ATMs

Ripple partner SBI Remit has partnered with Japan’s Lawson Bank to roll out the “Remit Card” to more than 13,400 ATMs. SBI Holdings is one of Ripple’s key partners in Asia. SBI Remit Corporation and Lawson Bank, Ltd. announced today that ATMs at Japan’s Lawson Bank will accept SBI Remit’s international money transfer service beginning […]

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Mapping out SBI Holdings’ portfolio

Mapping out SBI Holdings’ portfolio

Quick Take SBI Holdings is a Japanese-Internet financial services conglomerate with three core businesses that extend to Financial Services, Asset Management, and Biotechnology SBI is creating an ecosystem based on digital assets as one of its growth strategies and has been an active investor in blockchain technology as far back as 2014 In total, the […]

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B2C2’s Maxime Boonen on SBI deal: ‘There is no excuse for institutions now’

B2C2’s Maxime Boonen on SBI deal: ‘There is no excuse for institutions now’

Quick Take Max Boonen hopes the acquisition will allow financial institutions to “tick the credit box” and start trading cryptocurrencies. The cash transaction leaves Boonen and co-founder Molendini as the only remaining shareholders apart from SBI Financial Services. B2c2’s employees will be subsumed by SBI, and the firm will continue to hire for its digital […]

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

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

Japanese financial group SBI Financial Services has announced the acquisition of the United Kingdom-based crypto services firm B2c2 for an undisclosed amount. The purchase helps the Asian financial giant to become one of the mainstream financial institutions to have a full-fledged digital asset trading desk. A New Opportunity In a report, the two companies laud […]

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SBI acquires crypto market-making firm B2C2

SBI acquires crypto market-making firm B2C2

SBI Financial Services, a subsidiary of Japanese financial conglomerate SBI Holdings, has acquired crypto market-making firm B2C2. The deal, first reported by Reuters, comes several months after the Japanese firm acquired a minority stake in the UK-based B2C2, which earlier this year said it would expand its business into so-called prime brokerage services.  Since the […]

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SDX and SBI team up to plot digital assets exchange in Singapore

SDX and SBI team up to plot digital assets exchange in Singapore

SIX Digital Exchange, the tokenisation arm of Swiss financial services firm SIX Group, has announced a collaboration with Japan’s SBI Digital Asset Holdings to develop a digital assets exchange in Singapore. The pair hope to launch the exchange by 2022, subject to regulatory approval from the Monetary Authority of Singapore. Tim Grant, head of SDX, […]

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