Monday, July 4

SBI Announces Cryptocurrency Joint Venture With Swiss Digital Exchange SIX By CoinTelegraph

© Reuters. SBI Announces Cryptocurrency Joint Venture With Swiss Digital Exchange SIX

SBI Digital Asset Holdings, a wholly-owned subsidiary of Japanese banking giant SBI Holdings, announced a cryptocurrency joint venture with Swiss digital exchange SIX (SDX).

The joint venture will be established in Singapore through a cryptocurrency issuance company and aims to become a regional liquidity hub for institutions. SBI Holdings CEO Yoshitaka Kitao said:

“This is an important step in building the global infrastructure necessary for the widespread institutional adoption of digital assets. Along with the strength of SDX in Switzerland and our planned digital exchange in Osaka, this company will establish a powerful institutional corridor between Europe and Asia”.

  • Capital AG Launches Two Cryptocurrency ETPs on the SIX Swiss Exchange

The partnership between SBI and SIX is based on the growing demand for cryptocurrencies in the Asia-Pacific region and will provide its services to regulated institutions. The company is expected to formalize its operations in late 2021 and begin offering its services in early 2022 following regulatory clearance from the Monetary Authority of Singapore.

Read the full article on Cointelegraph

Legal warning: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Leave a Reply

Your email address will not be published.