Japan's SBI Holdings Reveals Wider Push into Cryptocurrency Industry

Japan’s SBI Holdings Reveals Wider Push into Cryptocurrency Industry

SBI Holdings, the financial services division of Japan’s SBI Group, has revealed plans to move deeper into the world of cryptocurrencies and blockchain. In its latest financial report , SBI expressed plans for "the establishment of a new financial ecosystem based on cryptocurrency," a move that includes carrying out joint research to gather "systematic knowledge" of blockchain technologies. Aiming to "solve problems" within the crypto markets, the financial firm is looking to acquire cryptocurrencies directly, including through mining, as well as establishing ways of using cryptocurrencies, and providing investment opportunities. SBI will also "utilize cryptocurrency for remittance, trade finance […]