SAMURAI&JPARTNERS, Establishes Singapore Subsidiary for ICO, Launches Money-Lending Business for Crypto Holders

SAMURAI&JPARTNERS, Establishes Singapore Subsidiary for ICO, Launches Money-Lending Business for Crypto Holders

  • New Overseas Subsidiary in Singapore
  • Money Lending Business for Cryptocurrency Holders

SAMURAI&JPARTNERS(S&J), a listed Japanese investment banking and fintech company, would establish its wholly-owned subsidiary in Singapore for ICO around this July, according to its latest announcement.

While S&J would plan tapping into the cryptocurrency business, it would focus on its investment banking business in Asian regions, including Singapore, Hong Kong, Australia and New Zealand.

Meanwhile, S&J would launch the money lending business for cryptocurrency holders via its existing Tokyo-based subsidiary SAMURAI ASSET FINANCE further to expand its financial service business. The timeline for the new business has not yet been detailed.

S&J has its market cap of about JPY 12bn(USD 110m).

https://www.sajp.co.jp/wp/wp-content/uploads/2018/05/20180510_05.pdf

https://www.sajp.co.jp/wp/wp-content/uploads/2018/05/20180510_05.pdf