TagSBI Holdings

Weird Flex: OKEx Refuses to #DelistBSV, SBI Holdings Delists Bitcoin Cash Instead

bitcoin sv crypto exchange

By CCN: It seems the Crypto Twitter movement to eradicate Bitcoin SV from all exchanges has not been totally successful. In a significant blow, massive veteran exchange OKEx has opted to keep Bitcoin SV on its platform, writing: “According to the OKEx Token Delisting and Hiding Guideline, BSV currently does not meet our delisting criteria. As such, OKEx has no intention to delist BSV for the time...

Japanese Giant SBI Plans Crypto Token ‘S Coin’ for Mobile Retail Payments

S Coin

Japanese banking giant SBI Holdings has unveiled plans to launch “S Coin”, a cryptocurrency token for mobile retail payments. Announcing the news in a statement on Tuesday, SBI revealed that the proposed coin, which is the product of a partnership with DLT provider Orb and Glory Corporation, will begin a trial run from October 2018 as the company seeks to create a cashless system of...

SBI Invests $9 Million in Institutional-Grade Cryptocurrency Derivatives Platform

cryptocurrency index fund institutional investor

Japanese financial services giant SBI Holdings has invested $9 million in U.S. digital marketplace architect Clear Markets to fund the latter’s creation of a cryptocurrency derivatives trading platform built for institutional investors. Nikkei Asian Review reports that SBI Crypto Investment has obtained a 12 percent stake in Clear Markets, which is headquartered in Charlotte, NC and has branch...

World’s First Bank-Owned Cryptocurrency Exchange Launches Publicly in Japan


Nearly two years after its initial announcement and months of delays this year, the world’s first bank-owned cryptocurrency exchange finally sees its public launch in Japan. With an announcement on Tuesday, Japanese financial giant SBI Holdings has formally launched its cryptocurrency exchange platform, dubbed ‘VCTRADE’. As reported by CCN in early June, SBI first announced a limited launch of...

SBI Launches Japan’s First Bank-Owned Cryptocurrency Exchange with Ripple Support


Japanese financial institution SBI holdings has confirmed the launch of its cryptocurrency exchange, called ‘VCTRADE’, 15 months after its initial announcement in 2016. In an announcement on Monday, the Japanese financial giant revealed it will initially focus on trading XRP, the native token powering Ripple’s Consensus Ledger (RCL), with upcoming support for bitcoin (BTC). While no timelines...

Japanese Banking Giant SBI Plans Summer Launch for Crypto Exchange


Japanese financial services giant SBI Group is reportedly planning a summer launch of ‘SBI Virtual Currencies’, its cryptocurrency exchange, this year. According to Business Insider Japan, SBI Holdings president Yoshitaka Kitao has confirmed the long-awaited full-scale launch of SBI Virtual Currencies in what will be the country’s first wholly bank-owned cryptocurrency exchange. The executive...

Japanese Banking Giant SBI Invests in Cryptocurrency Hardware Wallet Maker


In its ever-expanding foray into the cryptocurrency sector, Japanese financial group SBI has now invested in a Taiwan-based cryptocurrency hardware wallet developer. SBI Holdings, the financial services division of Japan’s SBI Group, has announced its 40% ownership stake in Taiwanese crypto hardware wallet maker CoolBitX. An announcement by SBI Holdings does not reveal the exact amount of the...

Japanese Banking Group SBI Postpones Cryptocurrency Exchange Launch


Japanese financial services giant SBI Group has delayed the launch of its cryptocurrency exchange after determining it had to further strengthen security measures. In an announcement this week, the SBI group confirmed the postponement of the launch of its cryptocurrency exchange, SBI Virtual Currencies, Japan’s first bank-owned cryptocurrency exchange. As reported by CCN in October 2016, SBI...

Bitcoin Card Provider Wirex Partners SBI to Launch Cryptocurrency Card in Japan

Zaif Cryptocurrency

UK-based Wirex is entering a regional joint venture with Japanese financial group SBI that will deliver a Japanese cryptocurrency payment card. Japan’s SBI Holdings, a major financial services group heavily invested in digital currencies and blockchain technology, is co-launching a joint venture with London-based Wirex called SBI Wirex Asia. The collaboration will see bitcoin startup Wirex make...

Japan’s SBI to Launch Digital Currency for Instant Payments

university of tokyo blockchain ethereum

A Japanese financial services group is drawing plans to issue its own tradeable digital currency to be used for payments and instant P2P transfers. Japan’s SBI Holdings, a major financial services group already invested in digital currencies and blockchain technology (via Ripple), is set to issue its own digital currency for payments. According to the prominent regional publication Nikkei, the...

Japanese Financial Institution Set to Launch a Digital Currency Exchange

Digital currency exchange Japan

Japanese financial services group SBI is set to launch a platform that enables the trading and exchange of virtual currencies, citing increasing interest in virtual currencies like bitcoin which is proving popular among everyday investors. An announcement reveals the new company to be aptly titled SBI Virtual Currencies Co., Ltd., and will be established tomorrow, November 1, 2016, in Tokyo...

Japanese Banks Plan Blockchain Forex Services

Japan Blockchain bank

  A new consortium of Japanese banking and financial services giants will seek to use blockchain technology to provide domestic and foreign exchange services. Japanese financial services giant SBI Holdings and its subsidiary SBI Ripple Asia, have collaborated to launch a consortium that will seek to use blockchain innovation – the technology underpinning bitcoin – in new payment and...

Japanese Bitcoin Exchange bitFlyer Raises $27 Million

Japan Blockchain platform

Leading Japanese bitcoin exchange bitFlyer has revealed the successful completion of a ¥3 billion ($27 million) funding round, the largest funding round ever by a bitcoin and Fintech company in Japan. In a funding round led by Japanese investor SBI Investment and Tokyo-based venture capital firm Venture Labo Investment, prominent Japanese digital currency exchange operator bitFlyer has raised...

Successful Banking Blockchain Test Shows Core Banking Possibilities

Bank Blockchain

In one of the first instances of blockchain technology developed and tested for accounting systems rather than post-trade settlement and securities processes among financial institutions, the SBI Sumishin Net Bank in Japan has conducted a successful blockchain test which saw distributed ledgers replace their actual ledgers. A three-month long experiment by Japan-based SBI Sumishin Net Bank in...

Bitcoin Exchange Kraken Secures Investment from Japan’s Leading VC Firm


Japan’s leading venture capital firm SBI Investment has been revealed as the lead investor in the Series B round of financing in bitcoin exchange Kraken. In an announcement via a press release today, bitcoin exchange Kraken revealed it had secured a “multi-million dollar agreement” with SBI Investment. The exact terms of the deals weren’t disclosed. SBI Investment is the venture capital arm of...

Ripple Teams With SBI Holdings To Meet Rising Asian Demand For Cross-Border Payments


Ripple, a provider of financial settlement solutions, and SBI Holdings, Inc., a financial services company, have partnered in launching a new company, SBI Ripple Asia, to serve China, Japan, Taiwan, Korea and ASEAN countries. SBI Ripple Asia will establish a sales and engineering group to sell and install its enterprise solutions for cross-border payments at banks. The 2015 World Payments Report...

Japanese Financial Institutions Partner With Technology Startups To Utilize The Blockchain


Nearly every day, U.S. financial institutions announce projects to better understand the blockchain, often partnering with technology startups. It would be a mistake to think their Japanese counterparts are far behind. Nomura Research Institute (NRI), a Tokyo, Japan-based provider of consulting services and system solutions, will develop a proof of concept (PoC) for implementing blockchain...