- SBI Holdings invests in fintech company Templum.
- SBI gave $10 million in fundraising round will use to bring in institutional and accredited investors.
Japan: According to a press release published on Thursday 25th April, SBI Holdings – a Japanese financial services giant, has invested in Templum, a fintech firm which focuses on providing regulated securities token offerings. It was reported that SBI Holdings’ investment concluded a $10 million fundraising round, which the fintech firm would use in bringing in accredited and institutional investors. However, SBI did not reveal the exact amount it invested.
Templum on its website describes itself as a firm that provides “regulatory compliant solutions for Tokenized Asset Offerings (Initial Coin Offerings as securities) and subsequent secondary trading.”
SBI is presently leading a 61-bank group working together on developing a domestic payments mobile application using Ripple’s technology. The Japanese finance company had earlier announced its plan about launching own cryptocurrency exchange with Huobi, however, the plan has been postponed last March so as to focus on improving security. Also last month, the company expanded into the cryptocurrency sphere by acquiring 40 percent of CoolBitX – a cryptocurrency hardware wallet firm based in Taiwan.